What is:

money spent on fixed assets which will last for more than one year

What is:

the finance needed by a business to pay its day to day costs

What is:

the finance needed by a new business to pay for essential fixed and current assets before it can begin trading

What is:

providing financial services - including small loans - to poor people not served by traditional banks

What is:

obtained finance from sources outside of and separate from the business

What is:

obtained finance from within the business itself

What is:

shows the stages between paying out cash for labour, materials, etc. and receiving cash from the sale of goods

What is:

the sums of money paid out by a business during a period of time

What is:

the sums of money received by a business during a period of time

What is:

the cash inflows and outflows over a period of time

What is:

the cash inflows and outflows over a period of time

What is:

the difference, each month, between inflows and outflows

What is:

the surplus after total costs have been subtracted from sales revenue

What is:

an estimate of future cash inflows and outflows of a business, usually on a month by month basis. This then shows the expected cash balance at the end of each month

What is:

the amount of cash held by the business at the start of the month

What is:

a document that records the income of a business and all costs incurred to earn that income over a period of time (for example one year). It is also know as a profit and loss account

What is:

they are produced at the end of each year and give details of the profit or loss made over the year and the worth of the business

What is:

the professionally qualified people who have responsibility for keeping accurate accounts and for producing the final accounts

What is:

the financial records of a firm's transactions

What is:

it shows how the gross profit of a business is calculated

What is:

the cost of producing or buying in the goods actually sold by the business during a time period

What is:

the income to a business during a period of time from the sale or goods or services

What is:

it's made when sales revenue if greater than the cost of goods sold

What is:

shows the value of a business's assets and liabilities at a particular time. Sometimes referred to as 'statement of financial position'

What is:

the net profit reinvested back into a company, after deducting tax and payments to owners, such as dividends

What is:

the fall in the value of a fixed asset over time

What is:

the profit made by a business after all costs have been deducted from the sales revenue. It is calculated by subtracting overhead costs from gross profits

What is:

owned by a business and used within one year

What is:

items owned by the business for more than one year

What is:

the debts owed by the business

What is:

items of value which are owned by the business. They may be fixed (non-current) or short-term current assets

What is:

it's shareholder's equity plus non-current liabilities and is the total long-term and permanent capital invested in a business

What is:

the ability of a business to pay back its short term debts

What is:

short term debts owed by the business

What is:

long term debts owed by the business

What is:

means that assets are not easily convertible into cash