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CORPORATE ACCOUNTING & FINANCIAL MANAGEMENT - Coggle Diagram
CORPORATE ACCOUNTING & FINANCIAL MANAGEMENT
FINANCIAL STATEMENTS & STRUCTURE
BALANCE SHEET
Significado: Statement of financial position
Ejemplo: Company assets and liabilities
ASSET
Significado: Resource controlled by the company
Ejemplo: Land, building, equipment, cash
LIABILITY
Significado: Obligation to pay in the future
Ejemplo: Payment due next month
EQUITY
Significado: Owners' residual interest in assets
Ejemplo: Owner investment in business
INCOME STATEMENT
Significado: Summary of performance over a period
Ejemplo: Profits this year
REVENUE / INCOME
Significado: Gross earnings from sales or services
Ejemplo: Sales income from products
EXPENSE
Significado: Costs incurred to operate business
Ejemplo: Rent, utilities, employee wages
PROFIT
Significado: Increase in net financial position
Ejemplo: Business earns more money
LOSS
Significado: Decrease in net financial position
Ejemplo: Business spends more money
TRANSACTIONS & BUSINESS DOCUMENTS
TRANSACTION
Significado: Business event affecting financial position
Ejemplo: Bought office supplies cash
JOURNAL ENTRY
Significado: First record of transaction in system
Ejemplo: Recorded sale in journal
Elementos
DEBIT
Significado: Left-side entry in accounting
Ejemplo: Debit cash account today
CREDIT
Significado: Right-side entry in accounting
Ejemplo: Credit revenue account today
VOUCHER
Significado: Supporting document proof
Ejemplo: Invoice as proof today
ACCOUNTS & RECORDS
ACCOUNT
Significado: Individual record of similar items
Ejemplo: Cash account tracks money
LEDGER
Significado: Summary of all posted accounts
Ejemplo: Ledger shows totals
SOURCE DOCUMENTS
INVOICE
Significado: Request for payment of goods or services
Ejemplo: Invoice sent to customer today
RECEIPT
Significado: Proof of payment received
Ejemplo: Receipt confirms payment received
COSTS, TAXES & FINANCIAL MANAGEMENT
COST
Significado: Direct outlay to produce goods or services
Ejemplo: Raw materials cost money
TAX
Significado: Mandatory charge to the government
Ejemplo: Income tax paid today
VAT (VALUE ADDED TAX)
Significado: Sales tax added in each supply chain stage
Ejemplo: VAT added to product price
BUDGET
Significado: Financial plan for future revenue and expenses
Ejemplo: Plan next company budget
CASH FLOW
Significado: Movement of cash in and out
Ejemplo: Cash in cash out tracked
PAYROLL
Significado: Record of employee salary payments
Ejemplo: Payroll paid employees today
INTEREST
Significado: Cost of borrowing or earning on funds
Ejemplo: Loan interest paid monthly
AUDIT
Significado: Independent review of financial records
Ejemplo: Audit checks financial accuracy