Business Finance Key Terms for A2

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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…


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