VOCABULARY UNIT 8

BALANCE SHEET: a statement showing the wealth of a business or organitation at a particular date.

Bankrup: unable to pay your debets.

BOTTOM LINE: The last line on a financial document which shows the final result.

EXPENSE: Money Spent.

FINANCIAL STATEMENT: A document showing the state of the finances of an organisation or business.

FORECAST: an estimate of a future situation.

INCOME STATEMENT: a financial statement showing revenue, expediture and profit from operations during a given period.

MISMANAGEMENT: Poor quality management

PROFIT AND LOSS ACCOUNT: a financial statement showing revenue expediture and profit from operations during a given period.

REGULATOR: a government agency responsible for overseeing a profession or an activity.

SECURITIES EXCHANGE COMMISSION: Agency responsible for stock market regulation.