Across
- 2. Management accounting predicts the _______, financial accounting records the ____.(6,4)
- 3. This term describes when a transaction is recorded in the company accounts.(8)
- 4. This forecast predicts whether the business will be able to meet its obligations.(4,4)
- 8. The summarised record of all sales income less costs, excluding capital expenditure. (6,3,4)
- 10. This principle ensures that accounting practises are realistic and fair.(8)
- 13. This term indicates that a company's shares are openly traded in a stock market.(3)
- 14. A financial statement that summarizes a company's assets, liabilities, and equity at a specific point in time.(7.5)
- 16. This ratio tells us how well the business can meet its short term obligations.(9)
- 17. Money that is distributed to shareholders after other obligations have been taken into account.(8)
Down
- 1. Something that the company owns and holds for use rather than for sale.(5,5)
- 5. This is calculated by comparing the profit after tax to the amount invested in the business by shareholders.(3)
- 6. This shows the margin that a company makes before taking into account overheads.(5,6)
- 7. This is the apportionment of the cost of an asset over an agreed period.(12)
- 8. An acronym for a way of analysing and summarising the external environment in which the business operates.(6)
- 9. The cycle that shows the day to day operations of the business.(11)
- 11. Something that a business has an obligation to pay, whether short or long term.(9)
- 12. This is something of value to the business that it owns.(5)
- 15. A way of expressing profit.(6)