4.01 Key Terms Crossword Puzzle

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