Finance and Accounting

Front

A system of recording and reporting financial activity is called

Back

Accounting

Front

Things owned by a company

Back

assets

Front

Net worth of a business

Back

Owners Equity

Front

A formal examination of a company's financial records

Back

audit

Front

Money owed by a business

Back

liabilities

Front

A plan that shows what you expect to earn and spend in a certain period of time

Back

budget

Front

a written report which describes the financial health of a company

Back

financial statement

Front

cost of maintaining and operating a business

Back

expense

Front

The amount of money a company earns

Back

revenue

Front

Results when a business income is greater than its expenses

Back

profit