The twelvemonth period over which the financial year takes place. Finance and business strategy healthcare capital finance, risk management, analytics, consumerism and physician relationships. The nysscpa has prepared a glossary of accounting terms for accountants and. Period of time from when cash is spent to acquire resources to provide services until cash is received in payment for the services. This glossary is provided for gene ral information. An accounting term for what is owned or held by an organization and that has a money value. Department of finance glossary for financial management policies 5 page cc. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Accounting terminology guide over 1,000 accounting and. Project management glossary of terms page 3 fall 2007 acronyms aashto american association of state highway and transportation officials acec american council of engineering companies acwp actual cost of work performed afrs agency financial reporting system api applications programming interface bc benefitcost bac budget at completion. Applicable financial intosai, iaasb the financial reporting framework adopted by management issai 1003, glossary of reporting framework and, where appropriate, those charged with governance in terms to the intosai the preparation of the financial statements that are financial audit guidelines, acceptable in view of the nature of the entity and. Glossary financial management and analysis of projects 5 of 51 auditing standards stated and regulated practices followed in the auditing of financial and other information.
Balance sheet a financial statement that shows the assets, liabilities and owners. It is not an exhaustive list of all financial management terms, and it does not define terms when standard dictionary definitions apply. Glossary of financial terms i 1 overview of financial management 1 foundations for effective ngo work 1 two golden rules 2 so what is financial management. Unia masters course in management and conservation of species in trade. With the development of company law and government requirements for public sector financial management, the profession of accountancy has developed considerably in. Agency relationship the term agency relationship describes the relationship between management and shareholders.
Having launched it originally in 2004 we have now updated it with modern. This fee is eligible only to properties constructed prior to 1987 as part of the section 8 housing program. Financial management seminar ppt and pdf report speaking differently, it is concerned with making decisions relating to investments in long. Government printing office superintendent of documents, mail stop. Financial management meaning, objectives and functions. Handling the department of justices 3% fee updated march 2015. A special case of inductive reasoning resulting in specific assertions that imply the available information in context of the background knowledge without logical certainty.
Expenditures within capital projects may include costs for the planning, design, and construction management. Fixed income fund a fund or portfolio where bonds are primarily purchased as investments. Financial management essentials a handbook for ngos. Brief glossary of financial management terms city of huntington. Glossary 169 board also board of directors n c usually singular the group of people who have been elected by shareholders to manage a company bonus n c an extra amount of money added to an employees wages, usually as a reward for doing difficult work or for doing their work well boom1 n c,u 1 a time when business activity increases. Glossary of personal finance terms institute for financial. Balance sheet a financial statement that shows the assets, liabilities and owners equity at a particular date. Glossary of terms used in nonprofit financial management excerpted and adapted from financial management for public, health, and notforprofit organizations, steven a. Asset allocation plan the process of dividin g investments among different kinds of assets, such as stocks, bonds, real estate and cash, to optimize the riskreturn tradeoff based on an individuals or institutions specific situation and goals. For the city of columbus, the fiscal year begins on january 1 and ends december 31. Ssop, washington, dc 204019328 isbn 9780160842870, stock number 008020015954. Financial management for elected officials january 20 institute for local government.
Investment income or expenditure is allocated to the various funds. Baeza, from 9th april to 22nd june 2018 on campus class price. Ffmia federal financial management improvement act of 1996. Cash is required for many purposes like payment of wages and salaries, payment of electricity and water bills, payment to creditors, meeting current liabilities, maintainance of. Unia masters course in management and conservation of. Financial management is an integrated decision making process, concerned with acquiring, managing and financing assets to accomplish overall goals within a business entity. Finance company a company, usually a wholly owned subsidiary, which borrows funds from within or outside a group of companies and onlends the funds to affiliates. A form of corporation, allowed by the irs for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed as if it were a partnership. Authorised share capital this is the highest amount of share capital that a company can issue. To ensure regular and adequate supply of funds to the concern.
Accounting terminology guide over accounting and finance. The annual accounts are presented for approval at this meeting. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Glossary of terms used in nonprofit financial management. Economics and finance of health services 3 the private or public sector see also audit and auditor. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management. Each of your firms officers, partners, or directors exercising executive responsibility or. Pdf public financial management in development practice. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. Chargebacka transaction reversed by a bank due to incomplete transaction information. Project management glossary of terms page 6 fall 2007 a acceptance criteria those criteria, including performance requirements and essential conditions, which must be met before project deliverables are accepted. Institute for financial literacy po box 1842 portland, me 04104 phone. Finance encyclopedic dictionary of international finance and. It is my fervent duaa that allah accept this book for his pleasure and make it a means of changing the mindset of people to understand the wisdom of islamic economics and.
Donor harmonization glossary of abbreviations and terms author. Glossary of finance terms national association of counties. Account a fiscal and accounting entity with a selfbalancing set of general ledger codes in which cash and other financial resources, together with all related liabilities and residual equities or. A record that holds the results of financial transactions. Financial management operations fm 106 pdf glossary of terms used in federal budget process pdf legislative activities at the new congress. This az pocket guide to understanding financial terms is just one of the achievements of ebss partnership with nala. Financial management and analysis of projects glossary. Therefore, the citys fiscal year is the same as the calendar year. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. The basis of accounting under which revenues are recorded when earned and expenditures are recorded as soon as they result in liabilities for benefits received. Financial materiality an event or information that are reasonably likely to impact the financial condition or operating performance of a company and should be considered during the investment decisionmaking process. At the end of this period, the city evaluates its financial position and results of operations carried out in this time period.
We currently use seven modules iprocurement, purchasing, accounts payable, assets. A key concept in financial planning and money management. The amount is set out in the companys memorandum of association. A formal statement of management s expectations of sales, expenses, volume, and other financial transactions of an organization. Period of time from when cash is spent to acquire resources to provide services until cash is received in payment for the services provided. Glossary of financial terms clute wealth management. Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. Scholarships will be awarded on the basis of applicants professional and financial circumstances. Operations management healthcare cost containment, productivity and quality improvement. The power, directly or indirectly, to direct the management or policies of a person, whether through ownership of securities, by contract, or otherwise. Using this definition, accounting can be seen to be about the identification and recording of business transactions as a way of assisting the management and. It is based on the assumption that, as a persons income increases, the. Start studying glossary of terms used in financial management. Introductioninitially, financial management has long been related the concept of proper management of funds within an organization.
Account a fiscal and accounting entity with a selfbalancing set of. Academic program is a layer of academic structure not currently existing in the legacy. Legal and regulatory compliance the latest from washington and across the country on payment, healthcare reform and industry trends. It may seem like an archaic term from an era before digital finance and the electronic age, but cash flow management can make or break a business. Financial management f in human capital management hcm campus solutions cs general term definition academic program controls the students academic level, academic load, academic calendar, academic group for tuition calculation, and grading scheme.
Hr director ministry of finance, islamic republic of afghanistan. This glossary contains more than 600 terms and provides simple, clear explanations. Towers, principles of management, springer texts in business and. Gasb has responsibility to establish accounting rules and standards used by governmental agencies. This is a yearly charge made by the managers of unit trusts or. Debtorinpossession financing new debt obtained by a firm during the chapter 11 bankruptcy process. Fmfia federal managers financial integrity act of 1982. First day of rest is the 24hour period starting at midnight of the calendar day on which the employees last regular shift was completed. The system will be used to collect and organize government financial information through a central database that supports the following fundamental pfm functions. City of fort worth department of finance glossary for. The a to z of financial terms plain english campaign. Asset management a service from a financial adviser to spread a persons investment between a number of assets, such as shares, government bonds, cash and property, so that they can potentially earn more money asset management insurance cover for an event such as death, rather than. Government financial institutions gfis or government owned or controlled corporations goccs which by law. The principle of taxation that holds that the tax burden should be distributed according to a persons wealth.
The ratio is found by dividing the most liquid current assets cash, marketable securities, and accounts receivable by current liabilities. Public administration glossary of terms the following list of selected terms and concepts are commonly used in public administration and finance1. Knowledge management glossary knowledge research institute, inc. To ensure adequate returns to the shareholders which will depend upon the earning capacity, market price of the share, expectations of the shareholders. Glossary of terms used in financial management flashcards. Such regulations may be either statutes, or statements issued by the regulatory or professional bodies in the countries concerned. Finance lease lease where the lessor is considered only as a financier. Financial management board fmb means the committee of the executive council known as the financial management board, established by subsection 31 of the financial administration act. A fee payable to a management agent of a property for accounting and bookkeeping services, as allowed by phfa or hud.
Financial planning looks for all of these avenues and whether they are viable directions given the circumstances of the business. Glossary page 101 glossary of terms the primary source of information for this glossary is the aashto transportation asset management guide. The financial management is generally concerned with procurement, allocation and control of financial resources of a concern. Pooled cash the sum of unrestricted cash and investments of several accounting funds that are consolidated for cash management and investment purposes. Dod financial management regulation volume 1, definitions.
This document defines terminology related to financial statements and disaster business loan applications. A finance company is, in many cases, established in a low or no tax jurisdiction. Financial terms and definitions handout iowa department of. The resistance management plan is the identification of what resistance might look like, where it might come from and what steps will be taken to mitigate or prevent the resistance. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions. Any financial planning attempted without understanding. Glossary of terms a department of budget and management. Hcm campus solutions cs glossary financial management f. The following glossary is designed to help non finance experts understand some of the terminology used in public agency financial management.
Hedge a financial term for a specific type of financial instruments trading for risk management. Bond a contract between a borrower and a lender in which the borrower promises to pay the face value at maturity and to pay interest at a specified rate at regular. Dod financial management regulation volume 15, glossary e july 2009 summary of major changes to. Accounting officer the senior official ultimately responsible for all spending of a government department or arms length body. Glossary of school finance terms kenosha unified school. Authoritative guidance with more detailed explanations or nuances may be found in specific volumes or chapters. Glossary of terms human resource manual glossary of terms. A periodic usually annual investigation of the financial.
This is a proactive effort to address concerns and build support early in the project, rather than waiting until implementation. Cash management officeran individual within an organization unit who is the primary point of contact with the office of financial management in matters relating to cash management and reporting cash management efforts for that organization unit. A budget is a business entitys financial management plan for a specified future period of time, generally a fiscal year. Glossary of knowledge management 3 knowledge management the explicit and systematic management of processes enabling vital individual and collective knowledge resources to be identified, created, stored, shared, and used for benefit. This is a report and opinion, by an independent person or firm, on an organisations financial records. Scholarship students should confirm acceptance of their scholarship and complete enrolment by 15th july 2012. Examples of accounts payable include invoices for goods or services, bills for utilities and tax payments due. The university uses oracle software for its financial management. A term referring to the refund of previously paid prop erty taxes due to the overvaluation of property. This glossary focuses in particular on financial terms relevant to the uk government. Finance manager has to make decisions with regards to cash management. Recovery plans and sustainable management programmes for animals and plants on an international level. According to oxford dictionary, the word finance connotes management of. Prospective students can use the directory of terms to familiarize themselves with basic co.
Using this definition, accounting can be seen to be about the identification and recording of business transactions as a. Management, advances in accounting, corporate controller, the cpa. Glossary of key health care finance terms gross charges revenue total patient revenue generated price x quantity deductions from revenue amount of gross charges not collected due to uncompensated care charity and bad debt contractual allowances difference between charges and payments for all payers net patient service revenue total amount of cash collected from. It explains how management act as agents for shareholders, using their. Its practical expression is the fusion of information management and organizational learning. The complete glossary of project management terms smartsheet. Jan 22, 2020 use s personal finance glossary to find easytounderstand definitions for key terms used in personal finance and money management so you can make informed financial decisions. Accounts receivable a record of all shortterm less than 12 months expected. The accounting officer for a government department is usually the permanent secretary. May 10, 2015 sumit thakur mba financial management seminar and ppt with pdf report. A service that oversees, measures, and evaluates financial information for decision making purposes. The encyclopedic dictionary is a handy reference for todays busy financial executive.
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