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Oct 11, 2018 · Understanding the financial implications of your decisions and clearly communicating those decisions to key stakeholders can help advance your career. But first, you need to grasp the terminology. Here are 20 financial terms and definitions you should know.
- Finance Business Terms
- Systems & Technology Business Terms
- Sales & Marketing Business Terms
- General Business Terms
1) ROI
Return on investment (ROI) refers to all the benefits — monetaryor otherwise — received from an investment.
2) Incentivize
Provide an incentive (a motivation) for using a product or service.
3) Monetize
Make money from a product or activity.
13) Benchmarking
The process by which you measure various aspects of your systems (e.g., speed, efficiency, cost, amount of product).
14) SWOT
SWOT is an acronym that refers to a form of analysis that examines your: 1. Strengths 2. Weaknesses 3. Opportunities 4. Threats
15) KPI
KPI is an acronym that stands for Key Performance Indicators. KPIs are usually numbers that tell you how effective your business is in a specific area.
25) Unique Selling Proposition
A specific factor that differentiates your product or service from your direct competitor (e.g., cost, quality, added use).
25) Niche Market
A very specific segment of a larger market.
26) Marketing
The action or business of promoting and selling products or services.
52) Run With It
Take an ideaand investigate it further.
53) Loop You In
Include in the discussion.
54) Live And Breathe It 24/7/365
Work at something all the time to the exclusion of everything else.
- Accounts Payable. Accounts payable is also called trade payable. It refers to the total invoices for goods and services a business has received, but has yet to pay.
- Accounts Receivable. Accounts receivable is the amount of money a company has claim to or has invoiced. It is from having sold goods or rendered services to its customers.
- Accrued Expenses. Accrued expenses are expenses that a business has incurred but has yet to pay. This is because either the invoices have not yet been received or the payments aren’t yet due.
- Assets. An asset is any item your business owns that is of fiscal value and is expected to benefit the business in the future.
Jun 30, 2022 · Cash flow is a measure of the money moving in and out of a business. Cash flow represents revenue received — or inflows — and expenses spent, or outflows. The total net balance over a specific...
- Dalia Ramirez
Capital is the total stock of financial assets available to an individual or a business. It can describe everything from cash in the bank, equity capital, debt capital, plant, machinery, warehouses, vehicles and even valuable brand names.
- Jekaterina Drozdovica
Feb 27, 2021 · To accrue means to accumulate over time, and is most commonly used when referring to the interest, income, or expenses of an individual or business.
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Jun 17, 2019 · A business is often labelled as being successful if it has the ability to generate a large turnover in comparison to its competitors. This is an example of how firms can be measured in a purely...
