| GROSS PROFIT | | Tangible property used in the day to day operation of a business. |
| LONG TERM DEBT | | Refers to a company's CHIEF COMPLIANCE OFFICER. |
| CFO | | Broad brush economic forces that affect a company's success and growth. |
| PROFIT | | Means EARNINGS BEFORE INTEREST |
| COO | | Difference between an asset's purchase price and selling price when the gain is positive. |
| PERCENTAGE OF SALES | | A one word description of wehat a company owes its creditors/vendors. Also called DEBT. |
| COMPTROLLER | | Money left after all operating expenses have been paid. |
| ACCOUNTS PAYABLE | | Number that remains after deductions have been made from the GROSS amount.. |
| LEVERAGE | | Has many years of accounting service with a company / trains new satff as they come in. |
| BREAK EVEN | | The ability of a company to convert assets into cash or cash equivalent instruments. |
| COGS | | Amount remaining after taxes have been deducted from the gross income. |
| TOP LINE | | Business costs that fluctuate from one time period to another. |
| RETAINED EARNINGS | | Means COST OF LIVING ADJUSTMENT. |
| SHORT TERM DEBT | | Company's debt that will be paid back in more than one year. |
| STAFF ACCOUNTANT | | Refers to a company's CHIEF EXECUTIVE OFFICER. |
| ACCOUNTS RECEIVABLE | | Refers to COST OF GOODS SOLD. |
| EBIT | | An accounting staff person with relatively few years of service in the company. |
| VARIABLE ASSETS | | Amount of monet left after expenses ( labor-overhead-mfg costs-marketing ) have been deducted. |
| NET | | The point where total revenues equal the total costs. |
| NET WORTH | | Refers to a company's BOARD OF DIRECTORS. |
| GROSS | | Application of economic principles to maximize the wealth and fiscal health of an organization. |
| ASSET | | Individual(s) who have the responsibility related to the oversight of money or property. |
| FIXED ASSET | | Concept that a product or a fixed asset will lose value the older it gets. |
| COLA | | Money received in a business from all sources minus expenses but before taxes. |
| CAPITAL GAINS | | Net profits kept in the biz as opposed to being paid out to the owners. |
| CEO | | Difference between sales revenue and cost of goods sold. |
| CAPITAL | | The total amount of sales in a company for a given period of time. |
| VARIABLE COST | | When more money comes into a business than goes out. |
| FINANCE | | Assets whose value changes/adjusts over time. |
| CASH FLOW | | Refers to the title of CHIEF OPERATING OFFICER in a company. |
| FIXED COST | | The money investment that an owner has in a business. Also called: OWNER'S EQUITY. |
| MACRO FACTOR | | Philosophy described when someone else's money is used to buy or finance a business. |
| BOD | | The chIEf accountant in an organization. |
| DEPRECIATION | | What it takes financially to support a given level of sales. |
| LIQUIDITY | | Describes a number before any deductions have been made. |
| NET PROFIT | | Business operating costs that always remain the same/constant. |
| CASH POSITION | | Chief Fiscal / Finance Officer in an organization. |
| BOTTOM LINE | | A company's debt that will be paid back in less than a year. |
| CCO | | Represents the amount of actual cash that a company has at any given point in time. |
| POSITIVE CASH FLOW | | Owned item that has commercial or exchange value |
| LIABILITY | | The money that is invested in a business venture. |
| FIDUCIARY | | The amount of actual money that travels thru a company's receiveable system. |
| SENIOR ACCOUNTANT | | Money owed to a company by its customers. |
| CURRENT ASSET | | Debts that are owed by a company to its vendors and suppliers. |
| GROSS INCOME | | Assets that are expected to be turned into cash within a year. |
