Terms and Definitions | ENMA 600 - Cost Estimating and Financial Analysis, Quizzes of Introduction to Business Management

Download Terms and Definitions | ENMA 600 - Cost Estimating and Financial Analysis and more Quizzes Introduction to Business Management in PDF only on Docsity! TERM 1 Time Value of Money DEFINITION 1 Describes the greater benefit of receiving money now rather than later. It is founded on time preference. TERM 2 Cash Flow Statement DEFINITION 2 A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and breaks the analysis down to operating, investing and financing activities. TERM 3 Balance Sheet DEFINITION 3 A summary of the financial balances of an individual or organisation, whether it be a sole proprietorship, a business partnership, a corporation, Private limited company or other organization such as Government or not-for-profit entity. TERM 4 Income Statement DEFINITION 4 Statement of profit or loss, revenue statement, statement of financial performance, earnings statement, operating statement, or statement of operations) is one of the financial statements of a company and shows the company-s revenues and expenses during a particular period. TERM 5 Credit DEFINITION 5 Anaccountingentry that either increases a liability or equity account, or decreases an asset or expense account.