DECA Finance Cluster (3)

An employee of a business or other organization whose task is to ensure that regulations imposed by a government agency are being met as well as internal policies and procedures

• Compliance Officer

• Creditor

• Commodities Officer

• Virtual Auditor

The process of managing money for an individual, business or other organization

• Credit Plan

• Finance

• Investing

• Risk Retention

The process of determining a time specific financial plan for an individual, business or other organization to achieve a monetary goal.

• Budgeting

• Fiduciary

• Perpetual Inventory System

• Internal Auditing

Fully and accurately disclosing of financial information to the public.

• Credit Plan

• Transactions

• Transparency

• Information Management

The increase of an amount of money due to interest earned over time or dividends paid

• Differential Cost

• Tax

• Perpetual Inventory System

• Time Value of Money

A document showing activity on your account over the previous month, including a beginning and ending balance and all inflows and outflows during that time

• Accounting System

• Inventory Management

• Bank Statement

• Solvency

Government agency created in 1934 that is responsible for enforcing securities-related laws and setting standards for financial information about businesses that are traded on a stock exchange. Has five commissions who are appointed by the President and confirmed by the Senate who serve five year terms.

• Database

• Securities and Exchange Commission (SEC)

• Social Security (FICA)

• Six Sigma

A network of banks, discount houses, institutional vendors, and money dealers who borrow and lend among themselves for the short term (90 days). Any investment has risk, but a money market account is considered a safe place to invest due to its short term nature

• Money Market

• Capital

• Compliance Program

• Expenditure

The value, in terms of money, placed on a good or service.

• Data

• Price

• Gross Revenue

• Finance

Process of improving capabilities of staff through access to education and training opportunities in the workplace, through outside organizations, or observing others perform the job

• Professional Development

• Costing

• Convergence

• Consolidation