4.01

6. A financial summary with estimates as to when, where, and how much money will flow into and out of a business
7. Debts that the business owes
8. Anything of value that a business owns
11. The process of keeping financial records
12. Finance activity involving making decisions about financing
13. The monies that a business spends; also called expenditures
15. A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement
16. A sum of money paid to an investor or stockholder as earnings on an investment
17. A process or series of steps that businesses complete to maintain their financial records effectively
18. In business, the function that involves all money and money management matters

1. An individual who has had specialized training in accounting procedures
2. The amount an owner has invested in the business plus or minus profits and losses
3. Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders
4. A summary of accounting information
5. Rules that accountants must follow when preparing financial statements
9. Finance activity involving making decisions about a firm’s investments
10. A financial statement that captures the financial condition of the business at that particular moment
14. The total value of the business
15. Money received by a business or an individual from outside sources