4.01 Keyterms

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