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