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Category: financial terms

link to Financial Terms “K”

Financial Terms “K”

Financial Terms Dictionary K Kaizen Kaizen is a Japanese term for continuous improvement. This is important in manufacturing companies to improve processes and increase...

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link to Financial Terms “L”

Financial Terms “L”

Financial Terms Dictionary L Liability A liability is a debt that a business owes. Liabilities are one of the five types of accounts and are shown on the balance sheet. They are...

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link to Financial Terms “M”

Financial Terms “M”

Financial Terms Dictionary M Managerial accounting Managerial accounting is the use of accounting information by managers to plan, evaluate, and control operations of the firm. Financial...

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link to Financial Terms “N”

Financial Terms “N”

Financial Terms Dictionary N Net income Net income is total revenues minus total expenses. If the revenues are larger, the result is net income. If the expenses are larger, the result is...

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link to Financial Terms “O”

Financial Terms “O”

Financial Terms Dictionary O Operating expense Operating expenses are costs associated with running a company. These expenses are also called general & administrative (G&A)...

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link to Financial Terms “P”

Financial Terms “P”

Financial Terms Dictionary P Plant assets Plant assets are noncurrent physical assets used in business operations. Plant assets include land and buildings. Plant assets are also called...

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