Across
- 3. A widely accepted set of rules, conventions, standards, and procedures for reporting financialinformation, established by the Financial Accounting Standards Board.
- 5. A plan or procedure to follow in case an existing plan or procedure fails.
- 6. accounting A branch of accounting that provides accounting information to managers within organizations, which allows them to make informed business decisions and develop overall business strategies.
- 7. A projection of the revenues, expenses, and net income for a fiscal year.
- 9. The theory and system of setting up, maintaining, and auditing the financial books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, and so forth.
- 10. A categorized list of words that is related to a particular topic.
- 11. Predicting the sales of goods or services based on historical data gathered from financial statements.
Down
- 1. The company statement of its goals for the budget year.
- 2. An income statement that shows sales, costs, and expenses for two consecutive years. Managers use comparative income statements to identify trends and improve future performance.
- 4. A statement of the financial position of a business on a specified date or for a period of time.
- 7. A comparison of a budgeted income statement to actual results. Managers use this to create more accurate future budgets as well as to change the current year budget, if necessary, to improve the results of the remainder of the year.
- 8. A financial report that shows the revenues, expenses, and net income over a fiscal period.