Finance and Finance and Accounts 1Accounts 1

Finance and AccountsFinance and Accounts

Key TermsKey Terms

CostsCosts

Fixed (Indirect/Overheads)Fixed (Indirect/Overheads) Variable (Direct)Variable (Direct) Semi-fixedSemi-fixed

RevenueRevenue

PricePrice QuantityQuantity

Break EvenBreak Even

Purpose of AccountsPurpose of Accounts

Profit and Loss Account - Profit and Loss Account - FlowFlow

Balance Sheet - SnapshotBalance Sheet - Snapshot

Source of FundsSource of Funds

LiabilitiesLiabilities LoansLoans SharesShares

Use of FundsUse of Funds

Fixed AssetsFixed Assets Current AssetsCurrent Assets