U2 SEM Financial Information

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Financial Statement

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A written record that outlines the financial activities of a business. Key financial statements include the income statement, balance sheet, and cash flow statement.

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Balance Sheet

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A financial statement that shows a company’s assets, liabilities, and owner’s equity at a specific point in time. It helps assess the financial health of a business.

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Income Statement

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A financial document that reports a company's financial performance over a specific accounting period, showing revenue, expenses, and net income or loss.

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Budget

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A financial plan for a business that estimates income and expenses for a specific period. It helps businesses manage financial resources effectively.

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Revenue Stream

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The various ways a business earns money from its products or services. Common revenue streams in sports and entertainment include ticket sales, sponsorships, merchandise, and broadcasting rights.

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Profit

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The financial gain that a business makes after all expenses have been subtracted from total revenue. It indicates how well a business is performing financially.

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Loss

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The amount of money a business loses when its expenses exceed its revenues. A loss suggests that a company is not generating enough income to cover its costs.

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Profit Margin

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A measure of profitability, calculated by dividing net profit by total revenue and multiplying by 100. It shows what percentage of revenue turns into profit.

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Pricing Strategy

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The approach businesses use to set the price of their products or services. In sports and entertainment, pricing strategies can affect consumer demand and revenue.

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Risk Management

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The process of identifying, assessing, and controlling risks to minimize the impact of potential threats on a business. In sports and entertainment, risk management can involve preparing for financial, operational, and legal risks.