Business Acumen Competency Flashcards
Presentation to management that establishes that a specific problem exists and argues for a proposed solution.
BUSINESS CASE
Money an organization’s customers owe the organization.
ACCOUNTS RECEIVABLE
Amount of owners’ or shareholders’ portion of a business.
EQUITY
Business management software, usually a suite of integrated applications, that a company can use to collect, store, manage, and interpret data from many business activities.
ENTERPRISE RESOURCE PLANNING (ERP)
Statement of an organization’s ability to meet its current and short-term obligations, showing incoming and outgoing cash and cash reserves in operations, investments, and financing.
CASH FLOW STATEMENT
Ratio of gross profit to net sales.
GROSS PROFIT MARGIN
Ratio of net income (gross sales minus expenses and taxes) to net sales.
NET PROFIT MARGIN
Performance management tool that depicts an organization’s overall performance, as measured against goals, lagging indicators, and leading indicators.
BALANCED SCORECARD
Document that defines the output customers can expect.
SERVICE-LEVEL AGREEMENT
Money an organization owes its vendors and suppliers.
ACCOUNTS PAYABLE
Organization’s debts and other financial obligations.
LIABILITIES
Applications that can analyze data faster and in more ways than traditional relational databases, offering a multidimensional analysis of business data.
ANALYTICAL PROCESSING
Statement that reports revenues, expenses, and profits for a specified period of time, for example, quarterly or annually.
INCOME STATEMENT
The process by which an organization creates the product or service it offers to the customer.
VALUE CHAIN
Ability to use information to gain a deeper understanding of an organization and make sound business decisions.
BUSINESS INTELLIGENCE
