Financial Terms Lecture Notes

Flashcards covering foundational financial terms from lecture notes, including revenue, profit, cash flow, and assets.

Revenue

The total money a business earns from selling its products or services before cutting any costs.

Profit

What is left after subtracting all costs from revenue ($\text{Revenue} - \text{All costs} = \text{Profit}$).

Cash Flow

The movement of money in and out of a business.

Assets

Things a business owns that have value and help the business generate income.

Physical Assets

Tangible items owned by a business that have value, such as buildings, machines, cars, or a bakery's oven and delivery van.

Non-physical Assets

Intangible items owned by a business that have value, such as patents and brand reputation.