Encyclopedia

Any division of an organization authorized to operate, within prescribed or otherwise established limitations, under substantial control by its own management.

Capital: The money or assets invested in a business.

Cash Flow: The movement of money in and out of a business.

Cash Flow Statement. A financial report that summarizes how cash was generated and used by the company over a specific time period.

Cash Flow. Equals the Beginning Cash Balance less the Ending Cash Balance. This describes the net amount of money that a business consumed […]

Cash. Company money, most of which is typically in a bank checking or savings account that was opened by the company.

Chart of Accounts. A list of account names arranged systematically and usually coded numerically or alphabetically or both to form the general framework […]

Corporation. A legal entity based upon State (not Federal) law that is separate and distinct from its owners. Under the law, corporations possess […]

Cost of Goods Sold. Expenses incurred to produce or acquire, and store, the products sold by a business during this period.

Cost of Goods Sold (COGS): The direct costs related to producing goods sold by a company.