Across
- 1. A financial statement that reports a business’s assets, liabilities, and capital on a specific date
- 3. A record showing purchases of a business, money owed and payments made by the business
- 6. An examination of a company’s financial records by an expert to verify their accuracy
- 7. The process of recording, analyzing, and interpreting financial activities of a business
- 8. Anything of value owned, such as cash and buildings
- 10. The set of activities involved in obtaining, recording, organizing, and maintaining the financial information of an organization
- 12. The difference between current assets and current liabilities
- 15. Organized summaries of a business’s financial information and activities
- 16. A forecast of the sales revenue a company expects to receive in a month, a quarter, or a year
- 20. Money taken in by a business
- 21. Claims against assets or things owed—the debts of a business
- 22. The amount a retailer pays a supplier for the merchandise it buys and sells or the amount a manufacturer pays for raw materials and parts to make its products.
Down
- 2. A record showing what each customer purchases, owes and pays
- 4. Expensive assets of a business that are expected to last and be used for a long time
- 5. A financial plan for replacing fixed assets or acquiring new ones
- 9. Someone who gives professional advice or offers professional services
- 11. A graphic designed to provide a quick view of key financial performance indicators
- 13. Cash payments made by a business
- 14. An estimate of the flow of cash into and out of the business over a specified time period
- 17. Gradual loss of an asset’s value due to age and wear
- 18. The amount remaining after subtracting the cost of goods sold from revenue
- 19. A budget showing projected sales, costs, expenses, and profits for the ongoing operations of a business