Part 6 - Test 1293 Flashcards
Affirmation
Statement abt present or desired strength
Change in environment
Change in environment affecting a business and/or its customers
Economic CiE
u, i, g
Unemployments, inflations, gross domestic production
Social CiE
v, t, h, c
Value, tastes, habits, compositions
Personal CiE
b, m, l
Bodies, minds, lifestyles
Technological CiE
d, b, s
Developments, breakthroughs, scientific applications
Cultural CiE
v, t, p
Values, traditions, perspectives
Budget
Estimated value of expenses over a specified period of time
Operational
Forecast & analyze income & expenses over a time, includes general info; cut EXPENSES
Cash
(Part of financial) Amount of cash needed and amount of cash one has; CASH
Static
Based on the level of output planned at the start of the bgt period
Financial
Capital expenditures, cash budget, bgted balance sheet, bgted statement of cashflows; how operations and planned capitals affect CASH
Conflict of interest
Personal interest clash or potentially clash with professional obligations
Flow through share
Tax shelter to reduce tax burdens, companies choose not to use their deductions and give it to investors
Derivatives
Value depends on value of other financial instruments or a market index
Offshore companies
Tax shelter, businesses incorporated outside the country
Lean methodology
Focus on a better flow to meet the demand by increasing efficiency (eliminate waste, taking time out)
Internal controls
Procedural measures of a company to ensure the integrity of financial info
Detective (detect occurred issues) IC
Audits, reconciliation of petty cash/bank account, verification of refunds
Preventative (prevent possible risks) IC
Ordering/accepting inventories, authorizing invoices/returns, issuing refunds
Bandwidth
Maximum capacity of a wired or wireless communications, more bandwidth is more functionality
Financial holding company
Wide range of financial services, supervised by federal reserve board
Accounting firm
Accounting, tax preparation, auditing, bookkeeping services
Commodities investors
Invest funds into goods such as raw materials, livestock and grains
Central bank
Determine interest rates, controlling nation’s money supply, regulating banking industry; e.g. Federal Reserve
Consumer Price Index (CPI)
Prices of consumer goods, can reflect inflation (=increase=fall in stock prices)
