Video Vocabulary Flashcards
1
Q
Profit and loss statement
A
Income and expenses of a company’s operations
2
Q
Budgetary control
A
Aka budgeting; Process of finding out what is being done and comparing the results with the corresponding budget data to verify accomplishments or remedy differences
3
Q
Cash budget
A
Prepared after all other budget estimates. Shows estimated receipts and expenditures, the amount of working capital available, outside financing maybe required, periods and amounts of cash available
4
Q
Capital budget
A
Cost of fixed assets like plants and equipment. Not regular expenses
5
Q
Cost budget
A
Incur expenses but not revenue such as Human Resources and other support departments
6
Q
Top level managers
A
Strategic, focus long term, overall effectiveness of org
7
Q
Operation managers
A
Bottom level
