BASIC FINANCE TERMS GLOSSARY EPUB

BASIC FINANCE TERMS GLOSSARY EPUB
BASIC FINANCE TERMS GLOSSARY EPUB!

This page provides a glossary of financial terms to help you run your psychology practice, such as assets, balance sheets, operating revenue and liabilities. Annual Report: A report issued annually by a corporation to its stockholders. It contains basic financial statements, as well as management's opinion of the past. Wall Street Oasis Finance Dictionary Below you will find an extensive and the financial knowledge necessary to understand the basics of the finance interview.


BASIC FINANCE TERMS GLOSSARY EPUB

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BASIC FINANCE TERMS GLOSSARY EPUB


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Business owners who struggle with finances should definitely hire an accountant or utilize accounting software to make things easier, but there are some basic financial terms every entrepreneur should know as their business basic finance terms glossary. Here are 15 essential finance terms every entrepreneur needs to know.

BASIC FINANCE TERMS GLOSSARY EPUB

Assets These are the economic resources a business has, including the products it has in inventorythe office furniture and supplies purchased for use, and basic finance terms glossary trademarks or copyrights it owns.

These assets count toward the value of a businesssince they could be sold if the business experienced difficult times.

15 Financial Terms Every Business Needs to Know

Liabilities This includes any debt accrued by a business in the course of basic finance terms glossary, growing and maintaining its operations, including bank loanscredit card debts, and monies owed to vendors and product manufacturers. Default - a failure to pay a loan or other debt obligation.

Depreciation - the process of offsetting an asset over a period of time. You can depreciate an asset to spread the cost of the asset over its useful life. Disbursements - money that a business spends.

BASIC FINANCE TERMS GLOSSARY EPUB

Discount - a reduction applied to a basic finance terms glossary priced good or service. See also Mark down. Double-entry bookkeeping - is a bookkeeping method that records each transaction in two accounts, both as a debit and a credit.

Drawings - personal expenses paid for from a business account.

Drip pricing - is when one price is presented at the beginning of an online shopping experience. Gradually, incremental fees and charges are added or 'dripped' as you progress, for example, when buying a plane ticket.

Drip pricing can result in the customer paying a higher price for a service or product than they basic finance terms glossary thought. However, you are required to show fees and charges at the beginning of an online shopping process and not gradually add them in.

E Employee share schemes - an employee share scheme ESS is where you give your employees the opportunity to buy shares in basic finance terms glossary company.

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Other terms include an 'employee share purchase plan' or an 'employee equity scheme'. Encumbered - an encumbered asset is one that is currently put forward as security or collateral for a loan.

BASIC FINANCE TERMS GLOSSARY EPUB

Equity - the value of ownership interest in the business, calculated by deducting liabilities from assets. See also owner's equity. Equity finance - is money provided to a business in exchange for part ownership of the business. This can be money invested by the business owners, friends, family, or investors like business angels and venture capitalists.

Excise duty - an indirect tax levied on certain types of goods basic finance terms glossary or manufactured in Australia including petrol, alcohol, tobacco and coal. F Facility - an arrangement such as an account offered by a financial institution to a business e. Factoring - also known as debtors finance and accounts receivable finance - is when a factor company buys a business' outstanding invoices at a discount.

The factor company then chases up the debtors.

Financial Dictionary | Investopedia

Factoring is a way to get quick access to cash, but can be quite expensive compared to traditional financing options. Finance - money used to fund a business or high value purchase. Financial year basic finance terms glossary a month period typically from 1 July to 30 June.



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