Business financial terms and definitions
Common Finance Terms Every Newbie Needs to Know
A system that maintains financial and operating data on an organization's resources, activities, drivers, objects and measures. ABC models are created and maintained within this system. Activity . Work performed by people, equipment, technologies or facilities. Activities are usually described by the “action-verb-adjective-noun” grammar ...
[DOC File]Accounting Key Terms and Definitions - Plain Local Schools
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Key Terms and Definitions. Chapter 1 Starting A Proprietorship: Changes that Affect the Accounting Equation. ... a decrease in owner’s equity resulting from the operation of a business. financial statements: financial reports that summarize the financial condition and operations of a business. liability:
[DOC File]Basic Terms, Concepts, & Definitions - FWS
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Accounting Key Terms and Definitions. Chapter 3: Business Transactions and the Accounting Equation. Accounting: planning, recording, analyzing, and interpreting financial information . Accounting records: organized summaries of a business’s financial activities . Accounting system
[DOC File]CENTURY 21 ACCOUNTING, 8e
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Creditor A person or a business who, in the ordinary course of business, regularly extends or arranges for the extension of consumer credit or lends money. Creditworthiness An evaluation of a consumer's ability and willingness to repay a debt. Cross Intermediation The act of moving savings from one financial institution to another.
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