Financial Analysis (SBE)

School Based Enterprises
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Terms in this set (30)
Fiscal Managementthe process of planning, directing and controlling financial resources.Business OperationsOngoing, recurring activities involved in the running of a business for the purpose of producing value for the stakeholders.StakeholdersAll the people who stand to gain or lose by the policies and activities of a business and whose concerns the business needs to address.EntrepreneurA person who organizes, manages, and takes on the risks of a business.Balance SheetA financial statement that reports assets, liabilities, and owner's equity on a specific date.Assetsmoney and other valuables belonging to an individual or businessLiabilitiesAmounts owed to creditorsBalance Sheet EquationAssets = Liabilities + Stockholders' EquityStockholders' EquityThe owners' claim to assets.Income StatementA financial statement showing the revenue and expenses for a fiscal period.Income Statement EquationRevenues - Expenses = Net Income/LossRevenueAn increase in owner's equity resulting from the operation of a businessIncomeMoney receivedExpensesThe cost of assets consumed or services used in the process of generating revenues.ProfitThe financial gain made in a transactionLosswhen a business's expenses are more than its revenuesRiskschances of loss or harmGrowth Ratesrefer to the percentage change of a specific variable within a specific time period.Deposita sum of money placed or kept in a bank account, usually to gain interest.SalesThe total amount charged customers for merchandise sold, including cash sales and sales on account.