Financial Management

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Author:
olivaresd0322
ID:
238123
Filename:
Financial Management
Updated:
2013-10-01 11:48:00
Tags:
financial management
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Description:
Principles of business administration unit of fiancial management
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  1. REVENUE
    All income that a business recieves over a period of time.
  2. EXPENSES 
    The costs of operating a business.
  3. BUDGET
    Provides detailed plans for the financial needs of individuals, families, and businesses.
  4. START-UP BUDGET 
    Plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable.
  5. OPERATING BUDGET 
    Describes the financial plan for ongoing operations of the business for a specific period.
  6. CASH BUDGET
    An estimate of the actual money received and paid out for a specific period.
  7. FINANCIAL RECORDS
    Used to record and analyze the financial performance of a business.
  8. BALANCE SHEET
    The assets, liabilities, and owner's equity for a specific date are listed here.
  9. ASSETS 
    What a company owns.
  10. LIABILITIES
    What a company owes.
  11. OWNERS EQUITY
    The value of the owner's investment in the business.
  12. INCOME STATEMENT 
    To report the revenue, expenses, and net income or loss from operations for a specific period, a business prepares one of these.
  13. PAYROLL
    The financial record of employee compensation, deductions, and net pay.
  14. PAYROLL RECORDS
    the documentation used to process earnings payments and record each employee's pay history.
  15. DIRECT DEPOSIT
    Transfers net pay electronically into the employee's bank account.
  16. FINANCIAL PERFORMANCE RATIOS
    Comparisons of a company's financial elements that indicate how well the business is performing.

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