Business Finance Flashcards
(13 cards)
What is basics in business fundamentals
forming an essential foundation or starting point.
What is essentials in business fundamentals
It is a necessity, absolute necessary.
What is key principles in business fundamentals
statements that a company or organization adheres to in order to identify its priorities and guide future decisions
What is balance sheets in business finance
a financial statement that reports a company’s assets, liabilities, and shareholder equity(the value of the shares issued by a company)
What is breakeven in business finance
Where the total cost & revenue are equal
What is Budgets in business finance
A set amount of money allowed to spend- spending plane
What is cash flow in business finance
An amount of cash that comes in and out of the business in a set amount of time
What is creditors in business finance
individuals/businesses that have lent funds to another company and are therefore owed money- ie a loan
What is debtors in business finance
The debtor is the party that owes the money (debt)
What is Expenditure in business finance
A payment with either cash or credit to purchase goods or services
What is liabilities in business finance
your business’ debts or obligations which you need to fulfil in the future
What is Revenue in business finance
The total amount of money bought into the business through operations in a set period of time
What is payroll in business finance
Payroll can be a team that organises pay each month or a list of employees in a company and how much entitled to be paid
