Finance for Non-Financial Managers

2. Management accounting predicts the _______, financial accounting records the ____.(6,4)
3. This term describes when a transaction is recorded in the company accounts.(8)
4. This forecast predicts whether the business will be able to meet its obligations.(4,4)
8. The summarised record of all sales income less costs, excluding capital expenditure. (6,3,4)
10. This principle ensures that accounting practises are realistic and fair.(8)
13. This term indicates that a company's shares are openly traded in a stock market.(3)
14. A financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.(7.5)
16. This ratio tells us how well the business can meet its short term obligations.(9)
17. Money that is distributed to shareholders after other obligations have been taken into account.(8)

1. Something that the company owns and holds for use rather than for sale.(5,5)
5. This is calculated by comparing the profit after tax to the amount invested in the business by shareholders.(3)
6. This shows the margin that a company makes before taking into account overheads.(5,6)
7. This is the apportionment of the cost of an asset over an agreed period.(12)
8. An acronym for a way of analysing and summarising the external environment in which the business operates.(6)
9. The cycle that shows the day to day operations of the business.(11)
11. Something that a business has an obligation to pay, whether short or long term.(9)
12. This is something of value to the business that it owns.(5)
15. A way of expressing profit.(6)