The Big Picture | Making More Money | Spending Less Money | Key Accounting Concepts | |
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What is Profit
Income minus Expenses
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What are people who bring money into the company
Revenue Generator
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What are their deliverables clear and are they measure in place to track.
What are the key things to watch when setting terms with suppliers
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What is Finance
Function of the back office is responsible for overseeing company funds, driving strategies for spending and investments, and managing risk over time?
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What isA
A
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What is Triple Bottom Line Value
Profit, People and Planet
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What are people in marketing and customer support
Revenue Neutral
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What is You need to be honest with the expenses you claim, be reasonable with what you claim and make sure the money you spend is spent productively
What are the constraints you should keep in mind when using an expense account?
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What is Bottom Line Profit
A well established company, such as Oracle, looks at ___ to measure its success.
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What isA
A
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What is Amortization
Spreading costs over a long period of time
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What are people that spend and do not bring in revenue
Cost Center
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What is You need to understand your company’s technology plans, and you need to update your skills to keep up with those plans
What should you do as an employee to stay one step ahead of technological change?
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What is Cash Flow Statement
Which of the financial statements is used to tell if a company is really making money and generating cash?
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What isA
A
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What is Inflation
Prices rise quicker than purchasing power
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What is main factor in success or failure of business
Growth
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What is Your time is money. You need to understand the potential size of the deal in order to know what kind of resources and time you need set aside to try and land the client.
If you are asked to round up a team to meet a potential new client, what should you do before you agree to meeting?
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What is The Back Office
Which office can give the best input into almost every part of the business’s operation leading to recognizing potential growth and increasing profit for team and company as a whole?
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What isA
A
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What is Revenue
Life Blood of a Company
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What are documents that highlight revenue minus expensesfunction of the back office is responsible for overseeing company funds, driving strategies for spending and investments, and managing risk over time?
Financial Statements
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What is Yes, considered health insurance, benefits, retirement plans, the space/ office you’re using and electricity. These are resources that add up to the cost.
Are you a cost to the company, how so?
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What isA
A
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