Financial and Accounting Terms

Front

Understand the relationship between cash flow, profit, loss, and breaking even.

Back

Cash flow is the net amount of cash being transferred in and out of a business. Profit is the financial gain, while loss is the financial deficit. Breaking even occurs when total revenues equal total costs.

Front

Payment method

Back

You pay the whole amount by cash or card.

Front

Transaction completion

Back

You receive your item, like a burger, after payment.

Front

Payment terms define the conditions of repayment.

Back

Payment terms include details like monthly payment amount, payment date, interest rate, and consequences of non-payment.

Front

Monthly loan repayment in industry finance

Back

Get a loan from the bank and pay it off every month

Front

Supplier finance in industry finance

Back

Get finance from the supplier and pay it back every month

Front

Repayment method for personal loans

Back

Monthly payments

Front

Revenue

Back

The total income of a company.

Front

Cash flow equation

Back

Cash flow = In - Out

Front

Inflow example

Back

Payments from customers