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Financial Planning
Records and Statements
Payroll Managment
Financial Decision Making
100
What are all the income that a business receives over a period of time?
What is revenue
100
What are used to record and analyze the financial performance of a business?
What is financial records
100
What is the financial record of employee compensation, deductions, and net pay.
What is payroll
100
What are differences between actual and budgeted performance
What is discrepancies
200
What are the costs of operating a business?
What is expenses
200
This is what a company owns
What is assets
200
What is the form used to track each employee's pay history?
What is payroll record
200
When a business has revenue greater than expenses, they have what?
What is net income
300
What provides detailed plans for the financial needs of individuals, families, and businesses?
What is a budget
300
This is what a company owes
What is liabilities
300
What is it called when the employer transfers net pay electronically into the employee's bank account?
What is direct deposit
300
What are current assets compared to the current liabilities?
What is current ratio
400
What describes the financial plan for ongoing operations of the business for a specific period
What is operating budget
400
What is the value of the owner's investment in the business?
What is owner's equity
400
What does a business prepare that reports revenue, expenses, and net income or loss from operations for a specific period?
What is income statement
400
What is a companies liabilities divided by the owner's equity?
What is debt to equity ratio
500
What plans income and expenses from the beginning of a new business or a major business expansion until it becomes profitable?
What is start-up budget
500
What are the assets, liabilities, and owner's equity for a specific date?
What is balance sheet
500
What are comparisons of a company's financial elements that indicate how well the business is performing?
What is financial performance ratios
500
What are the total sales compared to the net income for a period?
What is net income ratio