Principles of Business, Unit 3: Chapter 12

This list focuses on financial management (Unit 3, Chapter 12).

Here are links to all the chapters of Unit 3, Business Operations and Technology: Chapter 10, Chapter 11, Chapter 12, Chapter 13, Chapter 14

Here are links to all the units of the business textbook published by South-Western Cengage Learning: Unit 1, Unit 2, Unit 3, Unit 4
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Full list of words from this list:

words only definitions & notes
  1. revenue
    the entire amount of income before any deductions are made
  2. budget
    a summary of intended expenditures
  3. financial
    involving fiscal matters
  4. record
    a document that can serve as legal evidence of a transaction
  5. assets
    anything of material value owned by a person or company
  6. liability
    an obligation to pay money to another party
  7. equity
    the ownership interest of shareholders in a corporation
  8. profit
    excess of revenues over outlays in a given period of time
  9. balance
    the difference between the credit and debit of an account
  10. income
    the amount of money one makes over a period of time
  11. deposit
    money saved in a bank or some similar institution
  12. performance
    process or manner of functioning or operating
  13. ratio
    relation with respect to comparative quantity or magnitude
  14. discrepancy
    a difference between conflicting facts or claims or opinions
  15. adjustment
    the act of adapting something to match a standard
  16. auditor
    a qualified accountant who inspects accounting records
  17. accountant
    someone who maintains and audits financial records
  18. treasurer
    an officer charged with receiving and disbursing funds
  19. forensic
    used in the investigation of facts or evidence in court
  20. embezzlement
    the fraudulent appropriation of funds or property
  21. launder
    transfer funds to hide the source of money gotten illegally
  22. substantial
    fairly large
  23. anticipate
    regard something as probable or likely
  24. predict
    make a guess about what will happen in the future
  25. source
    a facility where something is available
  26. accurate
    characterized by perfect conformity to fact or truth
  27. incur
    make oneself subject to
  28. inventory
    a detailed list of all the items in stock
  29. expansion
    the act of increasing in size or volume or quantity or scope
  30. documentation
    validation from written records
Created on Thu Oct 20 17:09:33 EDT 2016 (updated Thu Oct 27 15:20:26 EDT 2016)

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