| A | B |
|---|
| Accountant | An individual who has had specialized training in accounting procedures |
| Accounting | The process of keeping financial records |
| Accounting cycle | A process or series of steps that businesses complete to maintain their financial records effectively |
| Accounting standards | Rules that accountants must follow when preparing financial statements |
| Acquisition of funds | Finance activity involving making decisions about financing |
| Administration of assets | Finance activity involving making decisions about a firm's investments |
| Assets | Anything of value that a business owns |
| Balance sheet | A financial statement that captures the financial condition of the business at that particular moment |
| Capital investment decisions | Decisions that determine which projects a business will invest in |
| Cash flow statement | A financial summary with estimates as to when |
