Business Finance Key Terms for A2
- Created by: Heather Jane Smith
- Created on: 06-12-12 09:56
Financial Accounts: record, summarise and report the transactions of the business
Management Accounts: analyse and present financial data to help decision making and monitor performance
Income Statememt: measures the business' performance over a given period of time
Profit Quality: looks at whether the reported profit can be sustained
Assets: something you own
Current Assets: inventory or things that can be sold
Non-Current Asset: building, money tied up in the business
Liabilities: anything the business owes
Current Liabilities: One of payment/pay limited
Long-term Liabilities: loan/s pay over time
Ratio Analysis: analysing relationships between financial data to asses the performance of a business
Revenue Expenditure: cash spent on day to day operations
Capital Expenditure: cash spent on investment in…
Comments
No comments have yet been made