Fundamentals of Business Finance Recap Weeks 1 & 2

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Across
  1. 6. Owners’ residual interest in the assets of a business after deducting liabilities
  2. 8. Finance concerned with managing an individual’s or household’s money
  3. 10. Profit calculated as revenue minus cost of sales
  4. 11. Obligations of a business that will result in an outflow of resources
  5. 13. A qualitative characteristic meaning information is free from material error and bias
  6. 14. A financial statement showing assets liabilities and equity at a specific point in time
  7. 15. Profit earned from core business activities before finance costs and tax
  8. 16. Direct costs associated with providing goods or services
  9. 18. Resources controlled by a business from which future economic benefits are expected
  10. 20. A financial statement showing revenue expenses and profit over a period
Down
  1. 1. A qualitative characteristic meaning information can influence decisions
  2. 2. The management of a company’s funds to achieve its business objectives
  3. 3. Income generated from a business’s ordinary activities also called sales or turnover
  4. 4. Liabilities that must be settled within one year
  5. 5. The financial gain made when revenue exceeds expenses
  6. 7. Finance concerned with managing financial activities within an organisation
  7. 9. Assets expected to be converted into cash within one year
  8. 12. Accumulated profits not distributed to shareholders
  9. 17. A qualitative characteristic meaning information is available in time to be useful
  10. 19. A financial plan that sets targets for income and expenditure over a period