Managing Business Finance
A set of documents that outline the essential financial facts about a new venture
What is a financial plan?
The systematic process of recording and reporting the financial position of a person or organization
What is accounting?
Hardware and software for creating, processing, storing, and communicating information
What is information technology or IT?
This makes it easier for you to search and retrieve information on the Web
What is a web browser?
Mr. Ortiz's current favorite player in the MLB
Who is Bryce Harper?
This person holds the single-season and career record for most homeruns with 72 and 762 respectively
Who is Barry Bonds?
Cash, equipment, buildings, supplies, inventory, and land are all considered to be this
What is an asset?
These provide a way for businesses to communicate financial information to others in the form of financial reports
What are the GAAP or generally accepted accounting principles?
A work arrangement that allows employees to work away from the workplace
What is telecommuting?
A semiprivate network that allows more than one company to access the same information
What is an extranet?
Mr. Ortiz's favorite superhero...
Who is Spider-Man?
This NFL running back was the first one ever to rush for over 2,000 yards in one season.
Who is James "OJ" Simpson?
The money used to pay for the various assets and expenses of a new venture or business
The normal balance for an asset account is located on this side of the T-chart
What is the debit side (or left)?
Software for designing products with a computer
What is computer-aided design?
The brain of the computer
What is the processor?
Mr. Ortiz's favorite place to get a burger...
What is In-n-Out?
This player is tied with Jim Otto for most All-Pro First Team selections with 10
Who is Jerry Rice?
An estimate of a business's financial outlook for each of the next few years
What is a financial forecast?
The reporting of the balances in all assets, liabilities, and owner's equity accounts at the end of an accounting period are found on this
What is a balance sheet?
Computer software that stores and uses knowledge that a human would have on the same subject
What is an expert system?
These return the processed data back to the user or to another computer system
What are output devices?
Mr. Ortiz's favorite college basketball team...
Who are the Kansas Jayhawks or KU or ROCKCHALK!
This player is the all-time turnover leader in NBA History
Who is LeBron James?
The plan for the actual money the business owner will spend on a daily, weekly, or monthly basis
What is a cash budget?
A financial report that shows incoming and outgoing money during an accounting period
What is a statement of cash flows?
An example of this would be a surgeon using a sensitive data glove to practice surgery without using real patients
What is virtual training?
This makes it easier for members on a team to work together on the same project
What is groupware?
Mr. Ortiz's favorite flavor of ice cream...
What is pistachio?
This player has the NBA's highest FG% in NBA history.
Who is DeAndre Jordan?