Across
- 5. Anything of value that a business owns.
- 6. Debts that the business owes.
- 8. Money received by a business or an individual from outside sources.
- 11. sheet: A financial statement that captures the financial condition of the business at that particular moment.
- 12. statement: A financial summary that shows how much money the business has made or has lost; also called the profit-and-loss statement.
- 14. cycle: A process or series of steps that businesses complete to maintain their financial records effectively.
- 15. An individual who has had specialized training in accounting procedures.
- 19. of assets: Finance activity involving making decisions about a firm’s investments.
Down
- 1. equity: The amount an owner has invested in the business plus or minus profits and losses.
- 2. of funds: Finance activity involving making decisions about financing.
- 3. The monies that a business spends; also called expenditures.
- 4. investment decisions: Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders.
- 7. The process of keeping financial records.
- 9. statement: A summary of accounting information.
- 10. worth: The total value of the business.
- 13. standards: Rules that accountants must follow when preparing financial statements.
- 16. A sum of money paid to an investor or stockholder as earnings on an investment.
- 17. flow statement: A financial summary with estimates as to when, where, and how much money will flow into and out of a business.
- 18. In business, the function that involves all money and money management matters.