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Unit 5 Finance
Terms in this set (11)
managing the money and assets or an organization
Financial goals and strategies
helps businesses define and set their organizational objectives in order to achieve bottom line success (profit)
Deals with how much money is needed to operate, how much should it save, how much money does the business expect to recieve from sources other than sales and finally how much money should be allocated to other departments such as marketing or human resources.
Is predicting what the companies future financial statements may look like.
Is the acquisition of goods and services for a business in order to reach its objectives.
How fast or slow a business sells all of its inventory
Just in time inventory
Goods and services are received when they are needed and not sooner or later.
Money invested in a business to generate income
A financial statement that contains information about a companies assets, liabilities and owners equity
A financial statement that contains information about a companies revenue and expenses
Statement of cash flows
A financial statement that shows the actual or anticipated incoming and outgoing cash in a business over an accounting period.
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