Organization & Management
Managers must communicate with internal and external contacts. You need to be able to network effectively on behalf of your organization.
Liason
Is an entry that is recorded on the left side of the accounting ledger or T- accounts.
Debit
is the capacity of the company to operate and pay its obligation and short term
Liquidity
Meaning of GAAP
Generally Accepted Accounting Principles
In a proportion of
3:10 = 5:6
What do you called to the 3 and 6?
Extremes
is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Planning
are assets that have no physical exixtence but provides the owner some selling and operational advantage over competitors
Intangible assets
refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market
Marketing Mix
are assets that can be realized (collected , sold ,used up) one year after a year –end date
Current Asset
Is an amount by which a wholesale cost is increased
Markup
Meaning of SWOT
Strengths, Weaknesses, Opportunities and Threats
are assets that cannot be realized (collected ,sold,used up) one year after year- end date
Non- current assets
intangible, perishable, variable, interactive activities offered for sale to satisfy needs in consumer and organizational markets
Services
What is the Accounting equation?
A = L + OE
A fee paid to a person who makes a sale
Commission
consists of motivating employees and influencing their behavior to achieve organizational objectives.
Leading
simply refers to the human workforce involved in the manufacture of products.
Manpower
Process of knowing the overview of the entire target market, but differentiating them from competitors by recognition of sub markets with similarity in needs but differ in geographics, demographics and psychographics.
Market Segmentation
Account that have an opposite debit or credit balance
Contra Accounts
A loan in which a real property is used to secure the debt.
Mortgage
Business owned by two persons
Partnership
an essential written document that provides a description and overview of your company's future
Business plan
consists of factors that affect the purchasing power and spending patterns of consumers.
Economic
is the financial process starting with the recording business transactions up to the preparation of financial statement.
Accounting cycle
It is paid to white collar employees and it is paid monthly.
Salary