Category: Financial Terms

Apr 13
Accounting Cycle

The sequence of steps in which financial transactions are recorded, reported and…

Apr 13
Balance Sheet

The financial position of a business at a specific period of time Home RELATED MAKERS…

Apr 13
Budget

An estimate of income and expenses over a defined period; month, quarter, year or…

Apr 13
Cash Flow

The total amount of money being transferred into and out of a business, especially as…

Apr 13
Fiduciary duty

  A fiduciary duty simply means that a director of a company must exercise the powers…

Apr 13
Income Statement

An income statement or profit and loss account  (also referred to as a profit and loss…

Apr 11
Executive Summary

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Apr 11
General Ledger

A general ledger contains all the accounts for recording transactions relating to a…

Apr 11
Journal

A journal is a book or computer file in which all financial transactions are entered…

Apr 11
Operating Costs

For a commercial enterprise, operating costs fall into three broad categories: Fixed…

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