4.01 Key Terms

6. A financial summary with estimates as to when, where, and how much money will flow into and out of a business.
7. Debts that the business owes.
8. Anything of value that a business owns.
11. The process of keeping financial records
12. Financing decisions
13. The monies that a business spends, or expenditures.
15. A financial summary that shows how much money the business has made or lost, or profit-and-loss statement.
16. A sum of money paid to an investor or stockholder as earnings on an investment.
17. A consistently applied process for handling a business’s financial information.
18. Function involving money management matters.

1. An individual who has had specialized training in accounting procedures.
2. The amount an owner has invested in the business plus or minus profits and losses.
3. Long term decisions that involves which projects to invest in, how to finance, and whether to pay dividends.
4. A summary of accounting information.
5. Rules that accountants must follow when preparing financial statements.
9. Investment decisions
10. A financial statement that captures the financial condition of the business at that particular moment.
14. The total value of the business
15. Money received by a business or an individual from outside sources.