Financial Analysis, Professional Development Flashcards
Accounting
The systematic and comprehensive recording of financial records.
Asset
Items of value that a business possesses.
Balance Sheet
A financial statement that summarizes a company’s assets, liabilities, and shareholders equity at a specific point in time.
Bank Statement
Report released (on a fixed date every month) by banks that lists deposits, withdrawals, checks paid, interest earned, and service charges or penalties incurred on an account. It shows the cumulative effect of these transactions the account’s balance, up to the date the report was prepared.
Budget
Estimate of costs, revenues, and resources over a specified period for a particular project or operation of a business (or household). It serves as a plan for action for achieving goals, a standard for measuring performance, and a device of coping with foreseeable adverse situations.
Capital Asset Pricing Model ( CAPM )
A model used to estimate the expected return on an investment based on its systematic risk, as measured by its beta coefficient, and the risk-free rate of return, adjusted for market risk.
Cash Flow Statement
Summary of the actual or anticipated incoming and outgoing cash in a firm over an accounting period. It answers the questions “Where the money came from?” and “Where it went?” It assesses the amount, timing, and predictability of cash-inflows and cash-outflows, and are used as the basis for budgeting and business planning.
Credit
The granting of a loan and the creation of debt. It is any form of deferred payment.
Credit History
Record of a borrower’s payment behavior that reflects his or her ability to repay a loan. It is a critical factor used in a credit rating, and it is used by lending institutions as a qualifier for new loans.
Currency
Tokens used as money in a country. In addition to the metal coins and paper bank notes, it also includes checks drawn on bank accounts, money orders, travelers checks, and will soon include electronic money or digital cash.
Adaptability
The ability to adjust and thrive in changing environments, roles, or situations, demonstrating flexibility, resilience, and openness to new challenges and opportunities.
Appearance
The outward or visible aspect of an individual.
Behavioral Skills
The ability to solve problems and to manage risk.
Chain of Command
The order in which authority and power in an organization is maintained and delegated from top management to every employee at every level of the organization.
Cover Letter
A letter of introduction that often accompanies a resume.
Emotional Intelligence ( EI ) Development
The process of improving self-awareness, self-regulation, empathy, and social skills to better understand and manage one’s own emotions and relationships with others.
Entrepreneurship
The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.
Follow Up Letter
A letter sent after an initial letter, telephone call, meeting or job interview.
Goal
An observable and measurable end result having one or more objectives to be achieved within a more or less fixed time frame.
Internship
An official or formal program to provide practical experience for beginners in an occupation or profession.
Interview
A somewhat formal discussion between one who hires and an applicant or candidate, typically in person, in which information is exchanged, with the intention of establishing the applicant’s suitability for a position.
Job Application
Form which indicates interest in a particular place of employment or position within a company. Typically requests personal identification information (such as name, address and phone number), as well as a history of job experience.
Leadership Development
Cultivating and enhancing leadership skills, qualities, and behaviors to effectively lead and inspire teams, drive organizational change, and achieve strategic goals.
Mentors
Experienced and trusted advisers.
Mentorship
A developmental relationship between a more experienced individual (mentor) and a less experienced individual (mentee), aimed at providing guidance, support, and career advice.
Networking
Exchanging information or services among individuals or groups resulting in productive relationships.
Organizational Goals
The overall objectives, purpose and mission of a business that have been established by its management and communicated to its employees.
Performance Management
The process of setting goals, providing feedback, and evaluating individual or team performance, aimed at improving productivity, engagement, and alignment with organizational objectives.
Policies
The set of basic principles and associated guidelines, formulated and enforced by the governing body of an organization, to direct and limit its actions in pursuit of long-term goals.
Proactive
Controlling a situation by causing something to happen rather than waiting to respond to it after it happens.
Professional Certification
Formal recognition of an individual’s expertise, knowledge, and skills in a specific field or industry, often obtained through standardized exams, assessments, or training programs.
Professional Development
The process of gaining skills and knowledge for the purpose of career success.
Protocol
Unwritten rules or guidelines that are peculiar to every culture or organization, and are supposed to be observed by all parties in the conduct of business, entertaining, negotiating, politics, etc.
Reskilling
Learning new skills or transitioning to new roles or industries, often in response to changes in job requirements, automation, or economic shifts
Resume
A list of qualifications, a summary of prior experiences, and a comprehensive overview of skills.
Rules of Conduct
A code outlining the social norms and religious rules and responsibilities of, or proper practices for, an individual, party or organization.
Time Management
The use of tools, skills, and techniques to accomplish tasks efficiently in a short amount of time.
Upskilling
Acquiring new skills or upgrading existing ones to enhance employability, adapt to changes in technology or industry trends, and advance one’s career prospects.
Work-Life Balance
The equilibrium between one’s professional responsibilities and personal life, including leisure, family, and health, to maintain well-being, satisfaction, and fulfillment.
FIFO
First in, First Out
LIFO
Last in, First out
GAAP
Generally Accepted Accounting Principles
FRM System
Financial Risk Management
CRM System
Customer Relation Management
IMC System
Integrated Marketing Communications
FSIS
Food Safety and Inspection Service
