WorksheetsEL 3.4 Financial Management Review
Total questions: 10
Worksheet time: 5mins
a set of documents that outline essential financial facts about a new venture
financial plan
financial forecast
budget
owner's equity
an owner's claim to the assets of the business
financial plan
financial forecast
budget
owner's equity
a plan specifying how money will be used or spent during a particular period.
financial plan
financial forecast
budget
owner's equity
an estimate of a business's financial outlook for each of the next five years.
financial plan
financial forecast
budget
owner's equity
anything of value that is owned or controlled
property
equity
owner's equity
capital
financial claims to all assets
property
equity
owner's equity
capital
money supplied by investors, banks, or owners of a business.
property
equity
owner's equity
capital
property or items of value owned by a business
assets
accounts payable
owner's equity
liabilities
the short-term liabilities that a business owes to creditors
assets
accounts payable
owner's equity
liabilities
the creditor's claims to the assets of the business
assets
accounts payable
owner's equity
liabilities
