Learn vocabulary, terms, and more with flashcards, games, and other study tools. For any business, it is important that the finance it procures is invested in a manner that the returns from the investment are higher than the cost of finance. The annual request for capital project appropriations. Financial management and analysis of projects glossary. In the fifth part are annexes as an integral part of this manual. A123 defines managements responsibility for internal control in federal agencies. Financial statement of a business that reports the revenue, expenses and the net income loss of a business for the fiscal period. Academic program is a layer of academic structure not currently existing in the legacy. Glossary of budget terms office of financial management. Bonds that are redeemable by the issuer prior to the specified maturity date at the specified price at or above par. Glossary of terms ac american international group aig. This is the fee that banks charge their customers for arranging an overdraft facility.
These fundamental accounting concepts are best considered as the building blocks on which historical accounting information. Account a fiscal and accounting entity with a selfbalancing set of. Results when a businesss expenses are greater than its income. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable.
Financial management also developed as corporate finance, business finance, financial economics, financial mathematics and financial engineering. In nonprofit human service agencies, the subset of management concerned with control and intentional use of money and other scarce resources to further organizational goals consistent with law, ethics, and community standards. Financial management f in human capital management hcm campus solutions cs general term definition academic program controls the students academic level, academic load, academic calendar, academic group for tuition calculation, and grading scheme. An authorized user has opened an alert that had previously been closed, and the owner of the alert has not yet viewed the alert. A form of corporation, allowed by the irs for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if. Such bonds are more marketable, and thus price better in the market, because certain financial institutions that purchase the bonds are given more favorable tax treatment on money they are deemed to have borrowed to carry. Accounting concepts accounting concepts are the principles that guide the preparation of accounting information. Paul sticht, professor of international business at duke university. The act also provides legislative guidelines under. Lets define financial management as the first part of the introduction to financial management. The most comprehensive investing glossary on the web. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions. There is an important distinction to be made between financial accounting and management accounting. The following glossary has been developed to help you succeed as a project manager by establishing standard definitions for commonlyused terms you will encounter in your career as a project manager.
Most countries central banks are named after their countries. Active financial planning software budgeting and planning software. A nongaap financial measure used to assess each of the. A laymans guide to financial terms utsc university of toronto. The following glossary has been developed to help you succeed as a project manager by. Financial manager top level professional who may have final responsibility for aspects of a business financial activity accountant professional who produces and examines financial records, prepares financial reports and tax returns. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Administrative expenses costs of managing and running. Financialmanagement terms small business encyclopedia. Understanding these terms and acronyms is an important.
Slang term describing the leader, manager, chief or person in charge of an organization or a project. One of the main sources of financial dictionary is the financial glossary by campbell r. A contract between sba and the borrower that spells out the terms and conditions of the loan. Using this definition, accounting can be seen to be about the identification and recording of business transactions as a. Here is a finance and accounting glossary for a nonfinancial manager. Dod financial management regulation volume 1, definitions. Accrual the method of recording income in the period in which it is earned accounting and expenses in the period in which they are incurred rather than when they are paid or received. Glossary financial and banking terms adjusted results. A glossary of technical terms on the economics and finance of health services by. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management. A formal statement of management s expectations of sales, expenses, volume, and other financial transactions of an organization. Authorised share capital this is the highest amount of share capital that a company can issue. Administering agency an agency designated by the office of financial management to provide general oversight of financial accounting activity.
An authorized user has assigned this alert to another user who has not yet viewed the alert. Glossary of finance terms national association of counties. An administering agency is also responsible for the cash management of the funds it administers. The articles form part of the memorandum and articles of. Morgan asset managements glossary of investment terms, which is a valuable resource especially if youre new to investing. The total of agency financial systems, both manual and automated, for planning, budget formulation and execution, program and administrative accounting. Keeping up with the increasing number of investment products and services in the marketplace today can be confusing. Expenditures within capital projects may include costs for the planning, design, and construction management.
Financial management has become a vital part of the business concern and they are concentrating more in the field of financial management. Cnicmasteracronymglossary for training use only april 2014 page 2 of 63 this page intentionally left blank. A planning tool that assists management in its attempts to cope with. Glossary of terms used in financial management flashcards. Project management glossary of terms page 3 fall 2007 acronyms aashto american association of state highway and transportation officials acec american council of engineering companies acwp actual cost of work performed afrs agency financial reporting system api applications programming interface bc benefitcost bac budget at completion. Manual for financial management and control model is structured to establish a. Your pocket guide to understanding financial terms.
Explore our collection of professional development resources designed to help you stay competitive in the investment management. Cfms 1 central financial management system 2 command financial management system. Glossary of important business, economic, and financial history terms by robert e. A fiscal and accounting entity with a selfbalancing set of general ledger codes in which cash and other financial resources, together with all related liabilities and residual equities or balances, and changes therein, are recorded and segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions, or limitations. Glossary of financial crime and compliance management products.
Understanding the basic concept about the financial management. Loans where, in managements opinion, there has been a dete rioration of credit quality to the extent that the bank no longer has reasonable assurance as to the timely collection of the full amount of principal and interest. This glossary provides in one place a list of key terms with. Internal controls include the processes and procedures for planning, organizing, directing, and controlling program operations, and managements system for measuring, reporting, and monitoring program performance. This glossary is designed to help you understand some of the more common investment and financial terms you may encounter.
This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. A balance sheet is a statement of the financial position of a business which describes the assets, liabilities, and owners equity at a particular point in time. Modules are distinguished by the fact that their functions and systems of internal controls are embodied in the accounting system. Start studying glossary of terms used in financial management. Phone 2015680249 glossary of utility finance and accounting terms used in our seminars letters in parenthesis, preceding the definition, identify the sources used in compiling the glossary. Asset management a service from a financial adviser to spread a persons investment between a number of assets, such as shares, government bonds, cash and property, so that they can potentially earn more money asset management insurance cover for an event such as death, rather than an event that might happen, such as fire or theft atm. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve. The act also provides legislative guidelines under which the programs must operate.
Glossary of business management terms a comprehensive dictionary of business management terms. The amount is set out in the companys memorandum of association. Websters ninth new collegiate dictionary defines finance as the science on study of the management of funds and the management of fund as the system that. The office of management and budget omb circular no. Summary of major changes to under secretary of defense. Vbscript glossary of terms by g c reddy technologies 4072 views dibrugarh university business statistics 2009 solved by kumar nirmal.
This fee is eligible only to properties constructed prior to 1987 as part of the section 8 housing program. Glossary 169 board also board of directors n c usually singular the group of people who have been elected by shareholders to manage a company bonus n c an extra amount of money added to an employees wages, usually as a reward for doing difficult. The ceo of a company could be referred to as the honcho or head honcho. In other words, the balance sheet illustrates the businesss net worth. Financialmanagement terms from entrepreneur s small business encyclopedia. Glossary of cncs financial and grants management terms and.
Having launched it originally in 2004 we have now updated it with modern. Financial management glossary west virginia university. Wright, director of the thomas willing institute for the study of financial markets, institutions, and regulations and the nef family chair of political economy, augustana college sd this work is not ed. Morgan asset management s glossary of investment terms, which is a valuable resource especially if youre new to investing. Glossary of financial crime and compliance management. Glossary of public finance terms 5 tions pursuant to section 265b of the internal revenue code in any calendar year. Glossary under secretary of defense for acquisition. Glossary this document is intended for use by university staff as a tool to understand financial terminology. Glossary of financial crime and compliance management products 3 defined terms reassigned. Mbiglossary of cncs financial and grants management terms and definitions pdf see all 2012 financial and grants management institute resources glossary of cncs financial and grants management terms and definitions corporation for national and community service. The former is used to report what has happened and the latter to assist in the management of the future. An organisation or department that oversees and mentors groups of projects.
Acquisition method production of consolidated financial statements for an acquisition. Dod financial management regulation volume 1, definitions c. Glossary of standard project management terms page i. Financial management for elected officials january 20 institute for local government. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve other unfamiliar terms. Brief glossary of financial management terms city of huntington. It provides concise definitions of 8,000 terms with 18,000 useful links. Chapter 1 an overview of financial management what is finance. In the sixth part there is a regulation on public internal financial control. This circular provides guidance to improve the accountability and effectiveness of federal programs and operations by establishing, assessing, correcting, and reporting on internal control. Levels of management spread from right at the top of a company down to supervisors of small teams. Use s personal finance glossary to find easytounderstand definitions for key terms used in personal finance and money management so you can make informed financial decisions. Glossary financial management and analysis of projects 6 of 51 beneficiary a person who benefits from the terms of a trust, pension or provident fund, or other deferred income plan, or an insurance policy.