bussiness fr 2

Managerial Accounting

Accounting that helps managers make decisions inside a business.

Accounting Equation

Assets = Liabilities + Equity

3- Balance Sheet

A list of what a company owns and owes at one moment in time.

3- Income Statement

Shows how much money a company made or lost during a time period.

3- Statement of Cash Flows

Shows how cash moved in and out of the company.

Integrity in Accounting

Being honest so financial numbers are true and trustworthy.

Functions of Money

Money is used to buy things, measure value, and save value.

Monetary Policies

Actions the Federal Reserve uses to control money and interest rates.

Commercial Banks

Banks where people and businesses deposit money and get loans.

Credit Unions

Member-owned banks that usually have lower fees and better rates.

Investment Banks

Banks that help companies raise money by selling stocks and bonds.

Insurance Companies

Companies that protect people or businesses from financial loss.

Regulatory Shifts in Commercial Banking

Changes in laws about how banks can operate.

Gramm-Leach-Bliley Act

A law that let banks, investment firms, and insurance companies combine.

Dodd-Frank Act

A law that added more bank rules to protect consumers.

Assessing Risk

Figuring out how likely an investment is to lose money.

Types of Bonds

Different kinds of loans investors buy, like corporate or government bonds.

Securities

Investments you can buy or sell, like stocks or bonds.

Stocks

Pieces of ownership in a company.