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EOPA Ldodson3

entrepreneurship

QuestionAnswer
Strategic Planning the process of determining the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals
The P&L Account Ends With... earnings (= profit / the bottom line)
EBITDA Earnings before Interest, Taxes, Depreciation and Amortization
The basic equation that has to balance is: Assets = Liabilities + Shareholders´ equity
Current Assets Or Short-Term Assets items that can or will be converted into cash within one year; may also include marketable securities
Intangible Assets long-term assets (e.g., patents, trademarks, copyrights) that have no real physical form but do have value
Current Liabilities Or Short-Term Liabilities borrowed money (bank debt, money owed to suppliers, unpaid salaries and bills) that must be repaid within 12 months
Working Capital the difference between current assets and current liabilities
Accounts Payable money an organization owes to its vendors and suppliers
Accrued Taxes taxes built up over time, unpaid taxes
Created by: ldodson0226
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