Syllabus Theory Unit 3 Long Term Finance

Question 1

Shares Def

Answer 1

Company can issue shares. Shares are the units of ownerships of a company.

Question 2

Debentures Def

Answer 2

Loans to the business that are secured by a right to seize and sell.

Question 3

Unsecured notes Def

Answer 3

loans that are not backed up

Question 4

Financial Accounting Def

Answer 4

concerned with preparation of reports such as statement of income or a balance sheet.

Question 5

Management Accounting Def

Answer 5

Concerned with providing info to business managers on the cost of manufacturing a product or of providing service.