Finance terminology: Difference between revisions
From wikinotes
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= Business Types = | |||
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{| class="wikitable" | |||
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| sole proprietorship || personal liability, taxed personally | |||
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| partnership || shared liability, taxed personally | |||
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| corporation || separate legal entity (liability/taxes), ownership by shareholders (public or private) | |||
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</blockquote><!-- Business Types --> | |||
= Business Activities = | |||
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{| class="wikitable" | |||
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| financing || borrowing, selling shares, paying dividends | |||
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| investing || aquiring assets (machinery, tech, buildings, ..), or literal investments in other companies (for dividends/interest/control) | |||
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| operating || increase of assets, or decrease in liability | |||
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</blockquote><!-- Business Activities --> |
Revision as of 23:33, 6 November 2021
TBD
asset equipment, furniture, buidings, cash, etc. (sub-classified as property, plant, equipment) equity liability
Assets
Resources a company owns or controls (ex. equipment, machinery, furniture, cash etc.)
subclassified as property/plant/equipment.
goodwill assets acquisition for more than cost of identifiable-assets intangible assets copyrights, trademarks, etc. returns dividends, interest paid on an investment
Accounting
income/revenue profit from sales, service, interest on loan accounts receivable money owed (ex. rent, loan payments, deferred tax)
Business Types
sole proprietorship personal liability, taxed personally partnership shared liability, taxed personally corporation separate legal entity (liability/taxes), ownership by shareholders (public or private)
Business Activities
financing borrowing, selling shares, paying dividends investing aquiring assets (machinery, tech, buildings, ..), or literal investments in other companies (for dividends/interest/control) operating increase of assets, or decrease in liability