Financial Analysis (SBE)

School Based Enterprises
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Terms in this set (30)
School Based Enterprises
An effective educational tool in helping to prepare students for the transition from school to work or college. For many students, they provide the first work experience; for others, they provide an opportunity to build management, supervision and leadership skills.
Withdrawal
involves removing funds from an account
Credit
the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Startup costs
costs associated with beginning a business, including the costs of renting a facility, equipping the outlet, and purchasing inventory
Inventory
a complete list of items such as property, goods in stock, or the contents of a building.
Financial records
financial documents that are used to record and analyze the financial performance of a business.
Ending Balance
The amount of money in a checking account at the end of a statement period.
Cash Flow Statement
A summary that shows total income and spending for a given time period
Cash Flow Equation
Total cash available - cash disbursements + financing = ending cash balance
Operational activities
day to day activities performed as a result of the structure and processes selected by the organization; Activities that are carried out on a daily basis when using a device or technology.
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.