ESB Ch 4 Vocab Part 1

Front

Core financial statement showing profit and loss over time

Back

Income Statement

Front

One of the three fundamental financial statements key to financial modeling and accounting.

Back

Balance Sheet

Front

Shows how changes in balance sheet accounts and income affect cash, broken down into operating, investing, and financing activities.

Back

Cash Flow Statement

Front

Financial statement required at the end of a reporting period.

Back

Equity Statement

Front

Total income from sales of goods/services in business operations

Back

Revenue

Front

Cost required for something; money spent on something:

Back

Expense

Front

Type of overhead expense; cost of operating a business.

Back

Fixed Expense

Front

Estimation of revenue and expenses over a future period, compiled periodically.

Back

Budget

Front

Profit after deducting costs of products/services.

Back

Gross Profit

Front

Entity's income minus costs, expenses, depreciation, interest, and taxes for a period.

Back

Net Income