Glossary of terms used in financial management quizlet. For example, an employee receiving a raise may reply with the words cool beans, upon receiving the news. Annual management charge this is a yearly charge made by the managers of unit trusts or investment trusts. Financial terms and definitions the economic times. Finance is the lifeblood of business and there must be a continuous flow of. A slang term used to refer to something favorable that has happened in business. In a financial accounting class, and on the job as an accountant, you need to know some jargon. A structured, consistent, and continuous process across the whole organization for identifying, assessing, deciding. Financial management and analysis of projects contents 1. Financial accounting is primarily concerned with the preparation of financial.
A contract between sba and the borrower that spells out the terms and conditions of the loan. Glossary of financial terms and definitions alphabetically. A classic definition is that leaders do the right thing and managers do things right. Learn vocabulary, terms, and more with flashcards, games, and other study tools. A more standard definition is usually something like managers work toward the organizations goals using its resources in an effective and efficient manner. The term financial management simply means effectively managing your utilitys financial functions. Administrative expenses costs of managing and running. This article is an attempt to create a glossary of financial terms, which is both compact as well as comprehensive. The focus is on providing both a conceptual framework and. Finding an integrated list of financial terms and definitions is only comprehensively possible with the aid of a financial dictionary. Choose from 500 different sets of definitions chapter 4 financial management flashcards on quizlet.
Purpose the purpose of this listing is to provide definitions for terms used in the regulation, which are unique to the federal government or the department of defense. Note that definitions are specific to the smithsonian institution. This page provides a glossary of insurance terms and definitions that are commonly used in the insurance business. Financial accounting i about the tutorial this tutorial will help you understand the basics of financial accounting and its associated terminologies. Roles of financial analysis specialists and financial management specialists 2. Regulators and financial institutions are the users of the data available from reference data vendors. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Financial management notes mba pdf download mba 2nd sem. Amortization the repayment time period of a loan or debt the number of years over which youll repay the loan or debt apr annual percentage rate a standard.
Glossary of cncs financial and grants management terms and. Product information management pim is crucial for marketing and selling any productmedical or nonmedicalthrough distribution channels and ecommerce platforms. To ascertain the profitability of the business, and 2. Definition of terms office of financial management. Mbiglossary of cncs financial and grants management terms and definitions pdf see all 2012 financial and grants management institute resources. Basic accounting concepts n matching n revenues and expenses shown on the income statement must be matched for the period. The personal financial workbook is a tool that you can use to organize your finances and gain an understanding of how you are spending your money. Bare trustee a bare trustee holds property on trust for another person until asked to return the property.
A measure of the extent to which a firms capital is provided by owners or lenders, calculated by dividing debt by equity. Glossary of terms a consolidated glossary of relevant records management, electronic records management, information technology and computer terms. This financial glossary gives better, more precise, and simpletounderstand meanings of financial terminology. According to oxford dictionary, the word finance connotes management of money. Therefore, an organization should consider financial management a key component of the. Following is a glossary of words and phrases crucial to the accounting profession.
Authorised share capital this is the highest amount of share capital that a company can issue. Federal financial management ffm one of service areas defines the standard functions and activities agencies can perform. Such bonds are more marketable, and thus price better in the market, because certain financial institutions that purchase the bonds are given more favorable tax treatment on money they are deemed to have borrowed to carry. One of the main sources of financial dictionary is the financial glossary by campbell r. Financial reporting insurance companies are required to maintain records and file. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Records management glossary of terms this glossary provides definitions for many of the archival and records management terms found on this website. Numbers have been assigned to all accounts created by the legislature or as authorized by ofm pursuant to the authority granted in rcw 43. Glossary of public finance terms 5 tions pursuant to section 265b of the internal revenue code in any calendar year.
This number is assigned and controlled by the office of financial management ofm. Finance is the lifeblood of business and there must be a continuous flow of funds in and out of a business enterprise. The planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization. The a to z of financial terms plain english campaign. Amortization the repayment time period of a loan or debt the number of years over which youll repay the loan or debt apr annual percentage rate a standard calculation by lenders to show what the interest rate and fees are on a credit product e. This glossary of finance terms can help prepare you for conversations in the industry, job interviews and more by empowering you with the financial knowledge necessary to understand the basics of the finance interview. It means applying general management principles to financial resources of the enterprise. Financial accounting has twofold objective, viz, 1.
Also, a measure of a companys ability to repay its obligations. Glossary of financial terms and definitions wealth how. Financial management meaning, objectives and functions. A structured, consistent, and continuous process across the whole organization for identifying, assessing, deciding on responses to, and reporting on opportunities and threats that affect the achievement of its objectives. A laymans guide to financial terms utsc university of toronto. Finance financial account financial accounting financial accounting. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve other unfamiliar. Key financial accounting terms and definitions dummies. This guide provides easytounderstand definition and explanation of financial terms arranged in alphabetical order. This list does not define terms when the normal dictionary definitions are applicable. Go through the glossary of financial terms and know the meaning of all financial terms through their definitions here at the economic times. Glossary of terms glossary of terms annual percentage rate apr the interest rate charged, expressed as a percent per year, for the use of credit assets possessions that have economic value some of which may provide an economic andor financial return atm automated teller machine. Investopedias comprehensive list and definitions of business terms that start with f. This az pocket guide to understanding financial terms is just one.
Using this definition, accounting can be seen to be about the identification and recording of business transactions as a. Dod financial management regulation volume 1, definitions definitions 1. The objective of the course is to provide the necessary basic tools for the. According to khan and jain, finance is the art and science of managing money. Having launched it originally in 2004 we have now updated it with modern. Financial statements financial statements are general purpose, external financial statements prepared according to generally accepted accounting principles. This list does not define terms when the normal dictionary definitions. Financial management software typically provides the tools to manage banking, income flow, investing and planning. A formal statement of managements expectations of sales, expenses, volume, and other financial transactions of an organization. Financial manager top level professional who may have final responsibility for aspects of a business financial activity accountant professional who produces and examines financial records, prepares financial reports and tax returns. Financialmanagement terms small business encyclopedia. Longterm financial requirements or fixed capital requirement.
Management is the organizational process that includes strategic planning, setting objectives, managing resources, deploying the human and financial assets needed to achieve objectives, and measuring. Project management glossary of terms page 8 fall 2007 budget the approved estimate for the project or any work breakdown structure component or any schedule activity. Start studying glossary of terms used in financial management. Financial management starts with recording all the money your. Federal emergency management agency an independent. The following may be said as the related aspects of financial management raising of funds, using of these funds profitably, planning of future activities, controlling of present implementations and future developments with the help of financial accounting, cost accounting, budgeting and. Dod financial management regulation volume 1, definitions. Financial management is strategically planning how a business should earn and spend money. These data products often center on particular niches of financial instruments that vary in terms.
Financial management includes adoption of general management principles for financial implementation. Finance is the management of money, particularly in relation to companies, organisations, or governments. This is a report and opinion, by an independent person or firm, on an organisations financial records. Turn to this glossary for definitions of the terms and abbreviations that really matter in this business. Brief glossary of financial management terms the official site of. When money is paid into a fund such as a pension fund the allocation rate is the percentage of. The former is used to report what has happened and the latter to assist in the management of the future. The financial literature classifies accounting into two broad categories, viz, financial accounting and management accounting. Anyone, anywhere, can open a pdf file, as long as they have the free acrobat reader software. The most comprehensive investing glossary on the web. Financial management also involves setting financial goals and analyzing data. The following may be said as the related aspects of financial management raising of funds, using of. Specifically, it deals with the questions of how an individual, company or government.
Financial management and analysis of projects glossary. Project management glossary washington state department. Paul sticht, professor of international business at duke. In a traditional sense, large organizations may have different levels of managers. Chapter 1 an overview of financial management what is finance. Pdf the dictionary of financial and economic terms is the first. An organizations financial management plays a critical role in the financial success of a business. Sound plans, efficient production system and excellent marketing network are.
Terminology a glossary of technical terms on the economics and finance of health services by. Asset management a service from a financial adviser to spread a persons investment between a number of assets, such as shares, government bonds, cash and property, so that they can potentially earn more money asset management insurance cover for an event such as death, rather than an event that might happen, such as fire or theft atm. Tax software provides importing tools, tax form preparation and efiling of your taxes. Doj grants financial guide office of justice programs. Learn definitions chapter 4 financial management with free interactive flashcards. Glossary of records and archival terminology published by the society of. Project management glossary contains a number of project. There is an important distinction to be made between financial accounting and management accounting. A collection of services provided by individuals or financial institutions that may include investment advice, brokerage services, financial planning, account management, negotiation for business arrangements, and other services. Financial terms and definitions page 2 the economic times.
The financial functions of your utility include accounting, your policies and procedures. A master plan budget of the organization includes and. This includes decisions about raising capital, borrowing money and budgeting. This is a yearly charge made by the managers of unit trusts or. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management. These materials are primarily intended for use by records management practitioners in developing countries. Expenditures within capital projects may include costs for the planning, design, and construction management. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. Isu extension and outreach offers oneonone farm financial planning support november 2016. Financialmanagement terms from entrepreneur s small business encyclopedia. Barter this is a way of paying for things, without using money, by exchanging goods. The annual accounts are presented for approval at this meeting. Financial management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise.
The ratio is found by dividing the most liquid current assets cash, marketable securities, and accounts receivable by current liabilities. Know the glossary of financial terms and definitions alphabetically, which are most commonly use in indian finance. The goal of financial management is the responsible stewardship, protection, and growth of. Post disaster fair market value of tangible assets, less liabilities, within. Investment decisions includes investment in fixed assets called as capital budgeting. Glossary of finance terms national association of counties. Acquisition method production of consolidated financial statements for an acquisition. Consumer glossary national association of insurance. Numbers have been assigned to all accounts created by the legislature or as authorized by ofm. The financial management functions and activities list defines the service areas, functions, and activities that an agency performs to support its mission.
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