(2.2) Vocabulary

Vocabulary Terms

After completing the upcoming module you should have an understanding of and be able to define the following vocabulary terms. You’ll find the them throughout the module, on the sticky notes, and online. If you find these definitions online then your definition might be slightly different than ours, but as long as you understand the material you’ll have to issues in the upcoming Vocabulary Quiz.
Module 2 Vocabulary
Feel free to download this document with the Module 2 Vocabulary terms. You can print it out, or type directly in it.

1. Personal Entity
2. Business Entity
3. Business Balance Sheets
4. Balance Sheet Accounts
5. Inventory
6. Accounts Receivable
7. Accounts Payable
8. Transactions
9. Revenues
10. Cash Flow Statement
11. Forecast
12. 1040 Schedule C (Profit or Loss on Business)
13. 1040 Federal Tax Returns (US Individual Income Tax Return)
14. FICO Scores
15. Fiduciary Responsibility
16. Working Capital