Key Terms
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | An individual who has had specialized training in accounting procedures
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| show | The process of keeping financial records
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| Accounting cycle | show 🗑
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| Accounting standards | show 🗑
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| show | Finance activity involving making decisions about financing
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| show | Finance activity involving making decisions about a firm's investments
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| Assets | show 🗑
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| show | A financial statement that captures the financial condition of the business at that particular moment
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| show | Decisions that determine which projects a business will invest in, how the investment(s) will be financed, and whether to pay dividends to shareholders
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| Cash flow statement | show 🗑
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| show | A sum of money paid to an investor or stockholder as earnings on an investment
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| Expenses | show 🗑
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| Finance | show 🗑
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| show | A summary of accounting information
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| show | Money received by a business or an individual from outside sources
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| Income statement | show 🗑
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| show | Debts that the business owes
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| show | The total value of the business
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| show | The amount an owner has invested in the business plus or minus profits and losses
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Created by:
stacy.c283
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