DECA Finance Vocab
Terms in this set (30)
a general increase in prices and a fall in the purchasing value of money.
World Bank Group
an international financial institution that provides financing and advice to countries to encourage economic development.
a Texas based religious firm which litigates religious liberty issues.
Small Business Administration
a U.S. government agency that promotes the economy by providing assistance to small businesses.
Commonwealth of Nations
an intergovernmental organization of 52 member states mostly of the British Empire. It's main goals are towards world peace; promotion of representative democracy and individual liberty; the pursuit of equality and opposition to racism; the fight against poverty, ignorance, and disease; etc.
Horizontal or trend analysis
a procedure in fundamental analysis in which an analyst compares ratios or line items in a company's financial statements over a certain period of time.
Virtual Auditors work on a self-employed basis and are responsible for their own business, attracting clients and taking on work.
a book or other collection of financial accounts of a particular type.
wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
GAAP (generally accepted accounting principles)
a collection of commonly-followed accounting rules and standards for financial reporting.
an amount to be paid for an insurance policy.
a wrongful act or an infringement of a right (other than under contract) leading to civil legal liability.
the action of damaging the good reputation of someone; slander or libel.
the action of taking something for one's own use, typically without the owner's permission.
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
an entry recording an amount owed, listed on the left-hand side or column of an account.
the value of the shares issued by a company.
any person, organization, social group, or society at large that has a vital interest in a business or its activities.
entities within a business (e.g., employees, managers, the board of directors, investors).
entities not within a business itself but who care about or are affected by its performance (e.g., consumers, regulators, investors, suppliers).
an online identity theft scam that fools its victims into believing they are submitting sensitive personal info. to a legitimate website.
a threatened penalty for disobeying a law or rule.
a person who compiles and analyzes statistics and uses them to calculate insurance risks and premiums.
the management of large amounts of money, especially by governments or large companies.
the action or process of keeping financial accounts.