Vocabulary
The person who manages ALL of a firm's accounting and financial activities.
CFO
(Chief Financial Officer)
What is the accounting equation?
Assets = Liabilities + Equity
Buying a building is what type of cost (one-time or recurring)
One time
A system of moral principles
Ethics
How many months are in 4 years?
48
Systematic examination of a company's accounting system to determine whether its financial reports are reliable
Audit
What type of accounting is concerned with EXTERNAL users of accounting for a company?
Financial Accounting
Monthly rent is an example of what type of cost? (we learned about one-time and recurring)
Recurring
An amount of money loaned to the company and must be repaid.
Principal
Earning interest on interest on interest
Compound Interest or Compound Growth
A debt that must be paid within 1 year
Current Liability
If you have $20,000 in assets; $6,000 in liabilities, how much do you have in equity?
$14,000
Wealthy individual seeking investment opportunities in new companies.
Angel Investor
“the game plan” for upcoming production
Master Schedule
payment to shareholders, on a per-share basis, out of the company’s earnings
Dividends
Preliminary quick-to-calculate profit figure calculated from the firm’s revenues minus its cost of revenues
Gross Profit
Which email service is owned by Microsoft?
Hotmail
Most new businesses are likely to be initially financed through what?
Personal Savings
A production schedule that breaks down large projects into steps to be performed and specifies the time required to perform each step (a graphical representation)
Spelling counts
Gantt Chart
period of rising stock prices, lasting 12 months or longer, featuring investor confidence for future gains and motivation to buy
Bull Market
What year was the very first model of the iPhone released?
2007
What financial statement shows the profit/income of a company?
Income Statement
A table showing how you will get money, and what you will spend it on is called a...
Sources and Uses Table
Mark Cuban
company that pools cash investments from individuals and organizations to purchase a portfolio of stocks, bonds, and other securities
Mutual Fund