Bus Mngmnt - Unit 3, Ch 15 Financial Records

A person who has met a state education, experience and examination requirements in acocunting

• capital budget
• fixed assets
• operating budget
• certified public accountant (CPA)

Is a plan showing projected sales, costs, expenses and profits for the ongoing operations of a business

• Operating Budget
• Start-up Budget
• Cash Budget
• Capital Budget

Organized summaries of a business's financial information and activities

• balance sheet
• liabilities
• financial records
• financial statements

Are claims against assets (business's debts)

• capital
• budget
• asset
• liabilities

An expert who companies hire to help them solve problems within a specific area of expertise

• budget
• consultant
• capital
• CPA

An estimate of the flow of cash into and out of the business over a specific time period.

• capital budget
• cash budget
• sales budget
• budget

Records showing what each customer owes and payments the customers make to the business.

• accounting equation
• consultant
• accounts payment records
• accounts receivable record

The value of the owner's investment in the business after subtracting liabilities from assets

• cash flow
• capital
• asset
• capital budget

Reports that summarize financial data over a period of time, such as a month, three months, six months or a year

• income statement 
• financial statements
• fixed assets
• financial records

A financial statement that reports a businesses asset, liabilities, and capital on a specific date.

• asset
• balance sheet
• cash budget
• sales budget