Flashcard Set Preview
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| 1 |
The function in
a business that acquires funds for the firm and manages those funds
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Finance
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| 2 |
The
job of managing firm’s resources so it can meet its goals and objectives.
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Financial management
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Managers
who examine financial data prepared by accountants and recommend strategies
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Financial managers
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forecast
that predicts revenues, costs, and expenses for a period of one year
or less.
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Short term forecast
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| 5 |
forecast
that predicts the cash inflows and outflows in future periods, usually
months...
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Cash flow forecast
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| 6 |
forecast
that predicts revenues, costs, and expenses for a period longer than
1 year,...
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Long term forecast
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| 7 |
A financial plan
that sets forth management’s expectations, and, on the basis of those...
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budget
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A budget
that highlights a firm’s spending plans for major asset purchases
that often...
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Capital budget-
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A budget that
estimates cash inflows and outflows during a particular period like
a...
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Cash budget
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| 10 |
The budget that ties together the firm’s other budgets and summarizes
its proposed...
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Operating (or master) budget
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