Business Accounting

Financial Statements

100

Another name for a Profit & Loss Statement

Income Statement

300

This statement is focused on dollar bills coming into and out of the business in any given period

Cash Flow Statement

400

On the Balance Sheet, Assets = Liabilities + what

Equity

Class Personell

100

Class' Employee Benefits Guru

Kathleen Howell

Accronyms

100

CPA stands for

Certified Public Accountant

200

P&L Stands for

Profit & Loss

300

EBITDA

Earnings before Interest, Taxes, Depreciation, and Amortization

400

GAAP

Generally Accepted Accounting Principles

500

FASB

Financial Account Standards Board

Accounting 101

100

In Accounting journal entries, debits must equal

Credits

200

Depreciation is

The expense of an asset over its useful life

300

Gross Profit is

Income - Cost of Goods Sold

Just for Fun

100

Customers still ask us every single day if we still bank with

Silicon Valley Bank

200

Class' Audit Firm

Deloitte