Card Set Information
PBA ch.12 flash cards
All income that a business receives over a period of time.
The costs of operating a business.
provides detailed plans for the financial needs of individuals, families, and businessmen.
plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable.
describes the financial plan for ongoing operations of the business for a specific period of time
an estimate of the actual money received and paid out for a specific period of time
used to record and analyze the financial performance of a business
what a company owns
are what the company owes
is the value of the owners investment in the business
the assets liabilities and owners equity for a specific date are listed on it
to report revenue expenses and net income or loss from operations for a specific period of time
is the financial record of employee compensation deductions and net pay
are documentation used to process earning payments and record each employee's pay history.
the employee transfers net pay electronically into the employee's bank account
financial performance ratios
comparisons of a company financial elements that indicate how well the business is performing
are differences between actual and budgeted performance
list all cash received and spent by the business.
contain information on all employee of the company, their compensation, and benefits.
show all taxes collected, owed, and paid
current assets compared to the current liabilities.
debt to equity ratio
the company's liabilities divided by the owner's equity.
identify the building and equipment owned by the business, their original and current value, and the amount owed if money was borrowed to purchase the assets
identifies the amount assets have decreased in value
identify the type and quantity of resources and products on hand along with the current value of each.