Business finance terms quizlet

  • What are important terms used in financial business management?

    Net assets (also known as net worth, owner's equity or shareholder's equity) – the total assets minus total liabilities.
    Net income – the total money earned by a business after tax and other deductions.
    Net profit (also known as your bottom line) – the total gross profit minus all business expenses..

  • What is the term definition finance quizlet?

    Terms in this set (1.

    1. Finance definition
      2. . -" the science or study of the management of money" -The science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities."

  • Terms in this set (1.
    1. Finance definition
      2. . -" the science or study of the management of money" -The science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities."
Rating 5.0 (1) Study with Quizlet and memorize flashcards containing terms like Start up capital, Working capital, Non current (fixed) assets and more.

What are the financial terms in finance?

Finance – money used to fund a business or high value purchase.
Financial year – a 12-month period typically from 1 July to 30 June.
Financial statement – a summary of a business's financial position for a given period.
Financial statements can include:

  • a profit and loss
  • balance sheet and cash flow statement.

    • What is a business loan?

    Profit remain after all expenses, tax and dividends have been paid.
    Profit which is ploughed back into the business An agreement with the bank which allows a business to spend more than what is in their bank account up to an agreed limit.
    The loan has to be repaid within 12 months .

    What is considered a business asset?

    This business finance key term is anything that has value—whether tangible or intangible—and is owned by the business is considered an asset.
    Typical items listed as business assets are cash on hand, accounts receivable, buildings, equipment, inventory, and anything else that can be turned into cash.


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