4.01 Role of Finance

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Across
  1. 3. standards: Rules that accountants must follow when preparing financial statements.
  2. 8. equity: The amount an owner has invested in the business plus or minus profits and losses.
  3. 9. of funds: Finance activity involving making decisions about financing.
  4. 11. An individual who has had specialized training in accounting procedures.
  5. 12. worth: The total value of the business.
  6. 13. A sum of money paid to an investor or stockholder as earnings on an investment.
  7. 15. Anything of value that a business owns.
  8. 16. The monies that a business spends; also called expenditures.
Down
  1. 1. sheet: A financial statement that captures the financial condition of the business at that particular moment.
  2. 2. The process of keeping financial records.
  3. 4. flow statement: A financial summary with estimates as to when, where, and how much money will flow into and out of a business.
  4. 5. In business, the function that involves all money and money management matters.
  5. 6. statement: A summary of accounting information.
  6. 7. Debts that the business owes.
  7. 10. statement: A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement.
  8. 14. Money received by a business or an individual from outside sources.