Across
- 1. The fall in the value of a fixed asset over time.
- 4. Also known as the income statement, this shows a firm’s profit (or loss) after all production costs have been subtracted from the organization’s revenues, each year.
- 5. This financial service allows customers to temporarily take out more money than is available in their bank account.
- 8. These are a firm’s indirect costs of production.
- 11. Also referred to as profit for period, this section of the P&L account shows the actual value of profit earned by the business after all costs have been accounted for.
- 12. These are the final products of a business, ready to be sold to customers.
- 14. Also referred to as retained earnings, this refers to the value of a firm’s earnings after all costs are paid (including interest and tax) and shareholders have been compensated (dividends).
- 15. Refers to the value of the owners' stake in the business.
- 16. This refers to the profit from a firm’s everyday trading activities.
- 19. These are the payments from a company’s profit paid to the shareholders of the company.
- 26. Method of depreciation that apportions an equivalent value of depreciation to a non-current asset based on each physical unit of output.
- 29. Refers to the overall value of an organization’s assets after all its liabilities are deducted.
- 32. The sum of a firm’s non-current assets and its current assets.
- 34. The long-term assets of an organization that have a monetary value and are used repeatedly but are not intended for resale within the next twelve months.
- 35. Non-physical fixed assets that are valuable to a firm’s survival and success.
- 37. A type of current asset, referring to individual or business customers that owe money to the organization as they have bought goods or services on trade credit.
- 41. Short-term assets belonging to an organization which will last in the business for up to 12 months.
- 42. These items of value, owned by the business, cannot be sold quickly, are difficult to sell, and/or cannot be sold easily without incurring a significant loss in value.
- 44. These are the natural resources used in the production process to create goods and provide services to customers.
- 45. The debts of a business.
- 46. This refers to the accrued value of non-current assets, most of which fall in value over time due to depreciation.
- 47. The possessions owned by a business, which have a monetary value.
- 48. The money available for the day-to-day running of a business.
Down
- 2. These are the short-term debts of a business, which need to be repaid within twelve months of the balance sheet date.
- 3. These are parts and components used in the production process.
- 6. These are advances from a financial lender, such as a commercial bank, that needs to be repaid within 12 months of the balance sheet date.
- 7. The value of equity in a business that is funded by its shareholders, either through an initial public offering (IPO) or via a share issue.
- 9. Also known as long-term liability, this refers to debt owed by a business which will take longer than a year (from the balance sheet date) to repay.
- 10. The reputation and established networks of an organization, which adds to a firm’s monetary value.
- 13. These intangible assets give the registered owner the legal rights to creative pieces of work.
- 17. Suppliers may give trade credit, which needs to be repaid at a future date.
- 18. Also known as fixed assets, this refers to the long-term assets or possessions of an organization with a monetary value but are not intended for resale within the next twelve months of the balance sheet date.
- 20. Abbreviated as IPRs, these are a firm's fixed, intangible assets with a monetary value, comprised of goodwill, patents, copyrights and trademarks.
- 21. This section of the P&L account shows the value of a firm’s profit (or loss) before deducting interest payments on loans and taxes on corporate profits.
- 22. A method of depreciation that spreads the depreciation of a fixed asset evenly over its useful life.
- 23. The official rights given to a business to exploit an invention or process for commercial purposes.
- 24. These are the goods that a business has available for sale, per time period.
- 25. This refers to the suppliers that allow a business to purchase goods and/or services on trade credit.
- 27. Shown on the profit and loss account, this refers to the money an organization earns from selling goods and services.
- 28. A form of intellectual property or intangible asset which gives the listed owner the legal and exclusive commercial use of the registered brands, logos, and/or slogans.
- 30. This set of final accounts shows the value of a firm’s assets, liabilities, and the owners’ investment in the business, at a particular point in time.
- 31. Also known as the scrap value, this is the value of a fixed asset at the end of its useful life before it is replaced.
- 33. Refers to the compulsory deductions paid to the government as a proportion of a firm’s profits.
- 36. These are simply the sum of current liabilities and non-current liabilities.
- 38. These are the published accounts of an organization, made available to and used by different stakeholders.
- 39. This is the legal manipulation of financial statements based on the accounting principles and rules in the country in order to make the figures look more flattering.
- 40. This refers to the money an organization has either “in hand” and/or “at bank”
- 43. These are the direct costs of production.