BusFin Spring 2026 Unit 2 vocabulary Part 1

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Across
  1. 4. A financial _____________ is a formal report that shows a business’s financial information.
  2. 6. (acronym) The direct costs of producing or purchasing the products a business sells.
  3. 8. A specific money-related objective a business wants to achieve.
  4. 11. Costs required to run a business that are not directly tied to production.
  5. 12. Operating _________ is profit earned from a business’s core operations before interest and other non-operating expenses.
  6. 13. The money a business earns from selling goods or services.
Down
  1. 1. A_______________(hyph) financial goal is intended to be achieved within one year or less.
  2. 2. A ___________ statement is a financial statement that shows how cash flows into and out of a business.
  3. 3. A financial statement that shows what a business owns, owes, and the owner’s equity at a specific point in time.
  4. 5. A_____________(hyph) financial goal that takes more than one year to achieve.
  5. 7. Revenue minus cost of goods sold; shows profit before operating expenses.
  6. 9. _______ income is the final profit of a business after all expenses have been subtracted from revenue.
  7. 10. An ________ statement is a financial statement that shows a business’s revenue, expenses, and profit over a specific period of time.