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business terms explained and defined....

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King CARLOS I:
hope this would help the biznes minded people out there....and those people who define 'asset' as 'a gurl's behind' ;D

if i hav forgotten other terms, feel free to add them....

*these are not my own explanations,...got the definitions from the net...hirap na kc explain isa isa from memory....hehehe

Accounts Receivable - Accounts Receivable is the monies due to the company for goods sold or services rendered for which payment has not yet been received

Assets - Assets are all of a company's physical or intellectual property that has financial value.

Balance Sheet - A financial document showing the assets and liabilities of an organization.
 
Barriers to Entry - Barriers to entry are those things that make it difficult for a new company to compete against companies already established in the field. Examples include such things as patents, trademarks, copyrighted technology, and a dominant brand.
 
Benchmarking - Benchmarking is the process of gathering information about other companies in your industry to compare your performance against and to use to set goals.
 
Bottom Line - Bottom Line refers to the bottom line of an Income Statement. The bottom line shows the Net Income Available To Shareholders. When a company talks about increasing the bottom line, they mean doing things to either increase the revenue or decrease expenses so the company's income increases.
 
Break-Even Point - The break-even point is the point at which income matches expenditures. Typically, initial expenditures are high. It takes time for the income to reach the same level. The break-even point can apply to a product, an investment, or the entire company's operations
 
Capital - Capital is the financial investment required to start and/or run a business
 
Cash Flow - Cash Flow is the movement of money into and out of a company. When more comes in than goes out, it is said to be a positive cash flow. A negative cash flow is when more goes out than comes in.
 
CGS - CGS (Cost of Goods Sold) are the costs directly related to the purchase or production of whatever the company sells
 
CIP - CIP is the abbreviation for continuous improvement plan, a set of activities designed to bring gradual, but continual improvement to a process through constant review. The Shewhart cycle is among the best known.
 
Company Culture - Company Culture is the term given to the shared values and practices of the employees. Note that the actual culture may not match the published culture
 
Cost of Sales - Cost of Sales are the costs directly related to the purchase or production of whatever the company sells.
 
Cross Training - Cross training is training someone in another activity that is related to their current work. The name comes from the fact that you are training them across a broader spectrum of the organization's work.
 
Earnings Statement - An Earnings Statement is a standard financial document that summarizes a company's revenue and expenses for a specific period of time, usually one quarter of a fiscal year and the entire fiscal year.
 
EBITDA - EBITDA is an abbreviation for Earnings before Interest, Tax, Depreciation and Amortization. It reports what the company would have earned during the period if it did not have to pay interest on its debt; didn't have to pay taxes; and had depreciated the full value of all assets at their acquisition. It is roughly equivalent to the Operating Income line in the Income Statements.
 
Expenses - Expenses are the costs of doing business that result from generating revenue. They include parts, salaries, utilities, etc.
 
Fiscal Year -  A twelve-month accounting period that usually, but not necessarily, starts on January 1
 
Fixed Assets - Fixed Assets are the non-liquid assets that are required for the company's day-to-day operations. They include facilities, equipment, and real property.
 
Fixed Costs - Fixed Costs are expenses that don't change based on production or sales volumes. They include salaries, rent, insurance, etc.
 
Generally Accepted Accounting Principles - Generally Accepted Accounting Principles refers to a set of widely accepted accounting standards, set by the FASB, and used to standardize financial accounting of public companies.
 
Goals - Goals are objective, measurable expectations set to measure progress toward desired results.
 
Gross Profit - Gross Profit equals sales revenue minus the cost of goods sold.
 
Gross Revenue - Gross Revenue is money generated by all of a company's operations, before deductions for expenses.
 
H1 - H1 is a shorthand expression for the first half of a company's fiscal year. For a fiscal year that starts in January, H1 is January through June.
 
H2 - H2 is a shorthand expression for the second half of a company's fiscal year. For a fiscal year that starts in January, H2 is July through December.
 
HRIS - An HRIS, the abbreviation for Human Resources Information System, is a system that lets you keep track of all your employees and information about them. It is usually done in a database or, more often, in a series of inter-related databases. HRIS include reporting capabilities. Some HRIS track applicants before they become employees. Some HRIS systems are interfaced to payroll or other financial systems
 
Income Statement - An Income Statement is a standard financial document that summarizes a company's revenue and expenses for a specific period of time, usually one quarter of a fiscal year and the entire fiscal year.
 
Insider - A company insider is someone who has access to the important information about a company that affects its stock price or might influence investors decisions. People who are not employees of the company may be company insiders. Auditors, outside counsel, brokers and analysts may fit the definition.
 
Insider Trading - Illegal Insider Trading is the trading in a security (buying or selling a stock) based on material information that is not available to the general public.
 
Intellectual Property - intellectual Property (IP) is all of a company's patents, trademarks, service marks, trade names, trade secrets, and copyrights. It is distinguished from capital property.
 
Job Enlargement - Job Enlargement is the horizontal expansion of a job. It involves the addition of tasks at the same level of skill and responsibility. It is done to keep workers from getting bored. It is different than job enrichment
 
Job Enrichment - Job Enrichment is the addition to a job of tasks that increase the amount of employee control or responsibility. It is a vertical expansion of the job as opposed to the horizontal expansion of a job, which is called job enlargement.

Key Performance Indicators - Key Performance Indicators (KPI) are quantifiable measurements, agreed to beforehand, that reflect the critical success factors (of the company, department, project.)
 
Liabilities - Liabilities are all of a company's financial obligations that have a negative value.
 
Long Term Assets - Long Term Assets are the non-liquid assets that are required for the company's day-to-day operations. They include facilities, equipment, and real property.
 
Market Share - A company's market share is the percentage of any of its markets that it holds. Companies will often discount their products in order to saturate the marketplace with them and thereby gain a bigger market share.
 
Metrics - Metrics are a set of measurements that quantify results. Performance metrics quantify the units performance. Project metrics tell you whether the project is meeting its goals. Business metrics define the business' progress in measurable terms.
 
NDA - NDA is the abbreviation for non-disclosure agreement. An NDA is a legal contract that allows a company to share its IP with others, whose input it needs, without unduly jeopardizing that information.
 
Net Income - Net Income is total revenue minus total expense, what's left of the monies received after all debts have been paid, the bottom line. If Net Income is positive it is also called Net Profit. A negative Net Income is a Net Loss.
 
Objective - A business objective is something the business is aiming toward or a strategic position it is working to attain. Usually it is a step in the strategy. Objectives are similar to goals, but often have success/failure rather than quantifiable metrics
 
Opportunities - A company's opportunities are the gains it has the potential to realize. It may have the potential to gain market share, the ability to raise cash by divesting of less-profitable units, etc. Opportunities are also part of a SWOT analysis, the abbreviation for strengths, weaknesses, opportunities, and threats.
 
Paradigm - A paradigm is a pattern or example. In business it is a framework of behaviors or set of rules action governing people's actions and assumptions.
 
PDCA - PDCA is a cycle of activities (Plan, Do, Check, Act) designed to drive continuous improvement. Initially implemented in manufacturing, it has broad applicability in business. First developed by Walter Shewhart, it was popularized by Edwards Deming.
 
Profit and Loss Statement - A Profit and Loss Statement is a standard financial document that summarizes a company's revenue and expenses for a specific period of time, usually one quarter of a fiscal year and the entire fiscal year.
 
R & D - R & D is the abbreviation for Research and Development. This refers to the line on an income statement showing the amount of money a company has re-invested during the period to find and develop new products.
 
Request for Proposal - A Request for Proposal is a document issued when an organization wants to buy something and chooses to make the specifications available to many other companies so they can submit competitive bids.
 
Request for Quotation - A Request for Quotation is a document issued when an organization wants to buy something and chooses to make the specifications available to many other companies so they can submit competitive bids.
 
Restricted Stock - Units of stock with restrictions on when they can be sold. Usually issued as partial compensation for employees and directors. The restriction usually lifts in 3 to 5 years when the stock vests.
 
Return on Assets - Return on Assets (abbreviated ROA) is a measure of a company's profitability. It is calculated as earnings divided total average assets and is expressed as a percentage.
 
Return on Investment - Return on Investment (abbreviated ROI) is a measure of a company's ability to use its assets to generate additional value for shareholders. It is calculated as Net Profit divided by Net Worth, and expressed as a percentage.
 
Revenue - Revenue is money generated by a company's operations, before deductions for expenses.
 
Sales Revenue - Sales Revenue is money generated by a company's sales operations, before deductions for expenses.
 
SME - An SME is a subject matter expert, the individual who understands a business process or area well enough to answer questions from people in other groups who are trying to help. SME is most commonly used to describe the people who explain the current process to IT and then answer their questions as they try to build a technology system to automate or streamline the process.
 
Strategy - A Strategy is the plan you develop to help you achieve your vision. It requires an evaluation of your organization internally, but also of the external and environmental factors, especially competitors, that can impact you.
 
Strengths - A company's strengths are the things it does well. It may have a dominant market share or have a low turnover rate, etc. Strengths are also part of a SWOT analysis, the abbreviation for strengths, weaknesses, opportunities, and threats.
 
Strike Price - The Strike Price is the price at which the holder of a stock option may purchase the stock.If the strike price is below the price at which the stock is trading on the open market, the option holder may be able to make a profit. If the stock price on the open market is below the strike price, the options are said to be "underwater". It would make no sense to exercise an "underwater" option because that would mean buying the stock through the stock option at a higher price than you would pay on the open market.
 
SWOT - SWOT is the abbreviation for strengths, weaknesses, opportunities, and threats. These four factors provide a framework which an organization can use to conduct a structured analysis of its operations
 
Tactics - actics are the specific actions, sequences of actions, and schedules you use to fulfill your strategy. If you have more than one strategy you will have different tactics for each.
 
Theory X - Douglas McGreagor's Theory X states that some people have an inherent dislike for work and will avoid it whenever. These people need to be controlled and coerced by their managers to achieve production. See Theory Y for the opposite.
 
Theory Y - Douglas McGreagor's Theory Y states that some people see work as natural will be self-directing if they are committed to the objectives. The manager's role with these people is to help them achieve their potential.
 
Threats - A company's threats are the dangers it faces, either from within or from outside. Threats can be things like a new low-cost competitor, possible new government regulations, etc. Threats are also part of a SWOT analysis, the abbreviation for strengths, weaknesses, opportunities, and threats.
 
TLA - LA is the abbreviation for three letter acronym. TLA is itself a TLA. DOB is the TLA for Date of Birth. ROI is the TLA for Return on Investment
 
Top Line - Top Line refers to the top line of an Income Statement. The top line shows the Total Sales Revenue. When a company goal is to increase the top line, it means to concentrate on increasing gross sales.
 
Variable Costs - Variable Costs are expenses that vary based on production volumes. They include material, labor, production utilities, etc.
 
Vesting of Stock or Options - To give someone control over their stock or stock options. When employees are given stock options or restricted stock, they often do not gain control over the stock or options for a period of time. This period is known as the vesting period and is usually 3 to 5 years. During the vesting period the employee cannot sell or transfer the stock or options.Typically, a quarter of the options in a stock option grant, for example, will vest each year for a four-year period.
 
Vision - Your organization's Vision is the over-riding principle that guides the organization. It defines what you want the organization to be. The vision is often the dream of the founder or leader.
 
Weaknesses - A company's weaknesses are the things it does not do well or that others do better. It may have a high turnover, be more concerned about processes than progress, etc. Weaknesses are also part of a SWOT analysis, the abbreviation for strengths, weaknesses, opportunities, and threats.

Knivez117:
Bro, meron kang term n nkalimutan.. Madalas itong naririnig s opisina..



"Your FIRED!"... :D

King CARLOS I:
Your FIRED! - get the fu^k out of here!

:D

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