Intro

Front 1

​AssetsLiabilities

Back 1

are your company's obligations -- either money that must be paid or services that must be performed

Front 2

Shareholders’ equity

Back 2

represents the amount by which a company is financed through common and preferred shares

Front 3

Income Statements

Back 3

A financial statement that measures a company's financial performance over a specific accounting period

Front 4

Cash Flow Statements

Back 4

A financial statement that reflects the inflow of revenue vs. the outflow of expenses resulting from operating, investing and financing activities during a specific time period

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Account

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a report or description of an event or experience

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Accountant

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a person whose job is to keep or inspect financial accounts

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Accounting period

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is generally a quarter or a year and reflects all of the financial activity that occurred during that time

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Accounts payable

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money owed by a company to its creditors

Front 9

Accounts receivable

Back 9

money owed to a company by its debtors

Front 10

Appreciation

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the recognition and enjoyment of the good qualities of someone or something

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Audit

Back 11

an official inspection of an individual's or organization's accounts, typically by an independent body

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Capital

Back 12

the most important city or town of a country or region, usually its seat of government and administrative center