Balance sheet
Snapshot of the business showing<\/strong> <\/a>the Assets, Liabilities, and Owners Equity<\/p>\n\n\n\n
C
Cash flow
The total cash entering & leaving your bank account<\/p>\n\n\n\n
D
Depreciation
The wear and tear on the fixed assets in our business<\/p>\n\n\n\n
E
EBITDA
Earnings Before Interest Taxes Depreciation & Amortization<\/p>\n\n\n\n
F
Financial statements
The Income Statement, Balance Sheet, and Cash Flows<\/p>\n\n\n\n
G
GAAP
Generally Accepted Accounting Principles<\/p>\n\n\n\n
H
Historical cost
The cost to acquire an asset<\/p>\n\n\n\n
I
Income statement
Show\u2019s you the income & expenses of your business, and various levels of profitability<\/p>\n\n\n\n
J
Journal entries
Your Debits & Credits<\/p>\n\n\n\n
K
KPIs
Key Performance Indicators<\/p>\n\n\n\n
L
Liabilities
Obligations & amounts owed to creditors of the business<\/p>\n\n\n\n
M
Matching principle
An accounting principle that requires you to match the timing of income with the timing of expenses<\/p>\n\n\n\n
N
Net income
Revenue – COGS – Operating Expenses + Other Income – Other Expenses<\/p>\n\n\n\n
O
Owners Equity
Amounts contributed by owners + prior earnings<\/p>\n\n\n\n
P
Profit
What you earn after costs<\/p>\n\n\n\n
Q
Quick ratio
(Current Assets – Inventory) \/ Current Liabilities<\/p>\n\n\n\n
R
Revenue
Your income<\/p>\n\n\n\n
S
Shareholders
The owners of the company<\/p>\n\n\n\n
T
Taxes
Amounts owed to the government<\/p>\n\n\n\n
U
Unearned revenue
The amount of revenue collected \/ due, but not yet earned<\/p>\n\n\n\n
V
Valuation
How much a company is worth<\/p>\n\n\n\n
W
Working capital
Current Assets – Current Liabilities<\/p>\n\n\n\n
X
eXpenses
The costs associated with your business<\/p>\n\n\n\n
Y
Yield
The return on an investment<\/p>\n\n\n\n
Z AAssetsItems of Economic Value that you own \/ substantially control BBalance sheetSnapshot of the business showing the Assets, Liabilities, and Owners Equity CCash flowThe total cash entering & leaving your bank account DDepreciationThe wear and tear on the fixed assets in our business EEBITDAEarnings Before Interest Taxes Depreciation & Amortization FFinancial statementsThe Income Statement, Balance […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/tahirsays.com\/index.php?rest_route=\/wp\/v2\/posts\/1","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tahirsays.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tahirsays.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tahirsays.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tahirsays.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1"}],"version-history":[{"count":2,"href":"https:\/\/tahirsays.com\/index.php?rest_route=\/wp\/v2\/posts\/1\/revisions"}],"predecessor-version":[{"id":64,"href":"https:\/\/tahirsays.com\/index.php?rest_route=\/wp\/v2\/posts\/1\/revisions\/64"}],"wp:attachment":[{"href":"https:\/\/tahirsays.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tahirsays.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tahirsays.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Zero-based budgeting
A method of budgeting where you start from 0 and justify every financial activity<\/p>\n\n\n\n![\"\"](\"https:\/\/tahirsays.com\/wp-content\/uploads\/2023\/05\/Accounting-abc-794x1024.jpg\")
<\/figure>\n","protected":false},"excerpt":{"rendered":"