FINANCE & ACCOUNTING TERMS
Write brief definitions for the twenty-five key finance & accounting terms listed below. You should use the spaces provided.
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12.
Assets Audit Balance sheet Break-even output Capital employed
13. 14. 15. 16. 17. 18.
Goodwill Gross profit Intangible assets Net current assets Profit Profit and loss account Profit centres Reserves Return on capital Shareholders’ funds Stock valuation Working capital
Cash-flow forecast 19. Creditors 20. Current assets 21. Current liabilities 22. Depreciation 23. Fixed assets 24. Gearing
A2 Business Studies - Finance & Accounting
Key Terms