"Show me the Money"
This is a record or data related to an individual’s or business’s financial activities
What is Financial Information?
This is the process of effectively using the 24 hours in a day to accomplish goals
What is Time Management?
This financial statement shows a company’s profits and losses over time
What is an Income Statement?
This natural resource is free, distributed equally, and can’t be bought or sold
What is Time?
Financial planning and time management both involve setting these in order to measure success.
What are Goals?
This statement provides a snapshot of a business’s assets and liabilities
What is a Balance Sheet?
This step in time management involves determining what must be accomplished today, this week, and this month.
What is "Creating a To-do-List?
A business’s financial performance over time helps investors identify these patterns
What are Trends?
Getting a full night’s sleep and setting realistic deadlines help with this important skill
What is self discipline?
A financial budget and a daily schedule both help with this key concept.
What is Organization?
This statement provides a snapshot of a business’s assets and liabilities
What is GAAP (Generally Accepted Accounting Principles)
The ABC principle is a method for doing this with goals
What is Prioritizing?
If a company’s costs are higher than its revenue, it is operating at this
What is a Loss?
This habit involves putting off important tasks until the last minute
What is Procrastination?
Just like financial debt, wasting too much time can lead to this kind of “debt” in productivity
What is time debt?
The four characteristics of useful financial information are understandability, relevance, reliability, and this.
What is Comparability?
These two words describe tasks that require immediate attention but are not always important.
What are Urgent Task?
he two main types of accounts businesses must track—one for money they owe and one for money owed to them.
What are accounts payable and accounts receivable?
Tracking how you spend your time for a week helps create this personalized tool
What is a "Time Log"?
Both business managers and students need to track these to ensure financial and personal success.
What are priorities?
This accounting method ensures that businesses recognize expenses when they occur, not just when they’re paid.
What is Accrual Accounting?
The ability to handle unexpected schedule changes and interruptions is called this
What is Flexibility?
Investors analyze this to determine if a company is worth acquiring
What is Financial Data?
The final step in the time-management process where you put your plan into action
What is following your plan?
Just like money, time should be used wisely and tracked carefully to avoid this common financial and personal issue.
What is overspending (or overcommitting)?