Financial & Business Vocabulary

2. Something you owe
4. Balance ____________ shows Assets, Liabilities, and Owner Equity
5. The Cash flow Statement is the ultimate ____ Report
6. The "L" in P&L
7. All Public Companies must file their Financial Reports to the ____
12. ________Term Asset. Something you plan to convert to cash after one year.
14. Abbreviation for Accounts Payable
15. Any source of Income for a business
16. A person or entity that you buy products/services from
17. _________flow statement
18. A Warning Signal that a deeper dive in to a company's financial reports may be necessary
21. Decreasing __________Could be a Red Flag
23. _______Year. Jan 1st -Dec 31st Most Companies' Fiscal Year
24. Abbreviation for Accounts Receivable
25. ________Statement another term for P&L
26. Increasing _______ Could be a Red Flag

1. Income _______ shows the Profit or Loss of a company
3. A periodic deep dive in to a companies financial reports
5. ________ Year Any twelve consecutive months that a corporate entity provides annual reports for
8. Charges incurred for the legitimate running of a company
9. _______Ledger Stores all transactions and acummulates them by account.
10. Short Term __________ something you plan to convert to cash in under a year.
11. There are _________ Financial Reports studied in this class.
13. Assets = Liabilities Plus _________ Equity
17. A person or entity that buys products/services from your company
19. Something you own
20. ________Sheet is used by analysts to understand Financial Ratios
22. A financial plan that estimates expenses and revenues
23. _________of Accounts listing of Accounts that are tracked in General Ledger