Financial Planning

all income that a business receives....

• pay checks

• revenue

• expenses

• expansion

the costs of operating a business...

• expansion

• loss

• profit

• expenses

when revenue is greater than expenses

• profit

• loss

when expenses exceed revenue

• loss

• profit

revenue ____ expenses = profit

• >

• <

revenue ___ expenses = loss

• >

• <

provides detailed plans for the financial needs of a business.

• financial plan

• loss

• budget

• opertions

which is NOT one of the 3 business budget types....

• financial

• start-up

• cash

• operating

are used to record and analyze the financial performance of a business

• accounting records

• insurance

• financial records

• pay stubs

what a company owns

• equity

• liabilities

• assets

• income