Finance vs Accounting
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
A system of recording and reporting financial activity is called
Back
Accounting
2.
FLASHCARD QUESTION
Front
A formal examination of a company's financial records
Back
audit
3.
FLASHCARD QUESTION
Front
A plan that shows what you expect to earn and spend in a certain period of time
Back
budget
4.
FLASHCARD QUESTION
Front
a written report which describes the financial health of a company
Back
financial statement
5.
FLASHCARD QUESTION
Front
cost of maintaining and operating a business
Back
expense
6.
FLASHCARD QUESTION
Front
The amount of money a company earns
Back
revenue
7.
FLASHCARD QUESTION
Front
Results when a business income is greater than its expenses
Back
profit
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