financial managment

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financial managment
2013-10-01 11:37:59
accounting financial managment

financial management
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  1. revenue
    all income that a business receives over a period of time.
  2. expenses
    the costs of operating a business
  3. budget
    provides detailed plans for the  financial needs of an individual, family, and businesses
  4. start up budget
    plans income and expenses from the beginning of a new business.
  5. operating budget
    describes the financial plan for a ongoing operations of the business for a specific period
  6. cash budget
    is an estimate of the actual money received and paid out for a specific period
  7. financial records
    used toe record and analyze the financial performance of a business
  8. assests
    what a company owns
  9. liabilities
    what companies owe
  10. owners equity
    the value of the owners investment in the business
  11. balance sheet
    assets liabilities and owners equity for a specific date are listed on a sheet
  12. income statment
    to report revenue expenses and net income or loss from the operations for a specific period
  13. pay roll
    is the financial record of employee compensation deduction and net pay
  14. pay roll records
    are the documentation used to process earning payments and record each employees pay history
  15. direct deposit
    the employer tranferrs net pay electronically into the employees back account
  16. financial performance ratios
    comparisons of a companies financial elements that indicate how well the business is preforming
  17. discrepancies
    are difference between actual and bugeted  preformance
  18. current ratio
    current assets compared to the current liabilities
  19. debt to equity ratio
    the company's liabilities divided by the owners equity
  20. return of equity ratio
    the net profit of the business compared to the amount of owners equity
  21. net income ratio
    the total sales compared tot eh net income for a period such as six months or a year
  22. cash records
    list all the cash revived and spent by the busness
  23. payroll record
    contain info on all employees of the company their compensation and benefits
  24. tax records
    shows all tax collected
  25. records of account
    identify all purchaes and sales made using credit