4.01 Key Terms Activity

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Across
  1. 2. a sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
  2. 4. sheet: A financial statement that captures the financial condition of the business at that moment.
  3. 8. Money received by a business or an individual from outside sources
  4. 9. of assets: the total assets for which a financial institution provides administrative services.
  5. 12. cycle: a collective process of identifying, analyzing, and recording the accounting events of a company.
  6. 13. of funds: the capital needed for one company to acquire another or purchase a significant share of its assets.
  7. 16. statement: A summary of accounting information
  8. 17. equity: The amount an owner has invested in the business plus or minus profits and losses.
  9. 19. The monies that a business spends; also called expenditures
Down
  1. 1. The process of keeping financial records
  2. 3. statement: A financial summary that shows how much money the business has made or has lost; also called the profit-and- loss statement.
  3. 5. the management of large amounts of money, especially by governments or large companies.
  4. 6. investment decisions: a long-term growth strategy.
  5. 7. Debts that the business owes
  6. 10. An individual who has had specialized training in accounting procedures
  7. 11. worth: The total value of the business
  8. 14. standards: Rules that accountants must follow when preparing financial statements
  9. 15. flow statement: A financial summary with estimates as to when, where, and how much money will flow into and out of a business.
  10. 18. Anything of value that a business owns