Savings
This financial goal involves putting aside money regularly for future use.
What is savings?
Accounting Equation
What is Asset= Liability +Equity?
This term refers to the process of creating a plan to spend your money over a specific period of time.
What is budgeting?
This organization, founded in 1969, focuses on advancing the accounting and finance professions for Black professionals.
What is the National Association of Black Accountants (NABA)?
This is the primary goal of most businesses, typically measured by revenue minus expenses.
What is profit?
This is the financial goal where you set aside money for emergencies or unexpected expenses.
What is an emergency fund?
Increases assets
What is debit?
This term refers to the set of strategies and tactics used by businesses to promote and sell products or services to customers.
What is marketing?
Time and Date for our General Body Meetings
What is Wednesday at 12-1pm?
This is the term for the amount of a good or service that producers are willing to sell at various prices.
What is supply?
This type of retirement savings account offers tax advantages, often used by individuals to save for retirement.
What is a 401(k)?
This financial statement shows a company's revenues, expenses, and profits over a specific period of time, such as a quarter or a year.
What is an income statement?
SMART
What is specific, measurable, attainable, relevant and time-bound?
Signature colors of the NABA logo
What is Green and Gold?
This term refers to the process of starting and running your own business, often with the goal of achieving profit.
What is entrepreneurship?
Original amount of money saved or invested, separate from interest or earnings.
What is a Principal?
This financial statement shows the company's assets, liabilities, and shareholders' equity at a specific point in time.
What is the balance sheet?
Impacted by your financial goal and actions.
Who is I or me?
Monetary awards that can be provided by NABA
What is scholarships?
Payment history, credit utilization, length of credit history, types of credit used, and recent inquiries.
What factors affect your credit score?
True or false: Only a few people in America can become millionaires.
What is False?
A legal business structure that is owned and operated by between two and twenty people with the aim of making a profit.
What is a Partnership?
You need to differentiate between these when you are budgeting
What is wants and needs?
NABA’s five Es: engage, empower, educate, enhance, and _______
What is elevate?
A good or service that can be bought or sold.
What is a product?