4.01 Understand finance activities and careers, Vocabulary

The specific period of time covered by an accounting statement or report (1 month or year)

Which of the following Finance Careers has the highest projected Job Outlook between 2012-2022?

Financial statement that reports the changes that have occurred in the owner's equity account during the fiscal period.

A formal examination of a company’s financial records for accuracy and compliance with regulations

A report showing the revenue, expenses, and income (or loss) of a business for a specific period of time.

Which of the following only needs a high school diploma?

Bookkeeping, accounting, and auditing clerks work in ____________, and may do site visits. About 1 in 4 worked part time in 2012.

Which of the following Finance Careers has the lowest projected Job Outlook between 2012-2022?

Results when a business' income is greater than its expenses.

What are the duties of an appraiser?

Results when a business' expenses are greater than its income.

Many of the careers found in the Finance Career Cluster, usually work in what type of environment?

Things (items) owned by a company.

Which of the following finance careers other than a bank teller only requires a high school diploma?

A plan that shows what you expect to earn and spend in a certain period of time.

Money owed by the business (debts, accounts payable)

To become an Accountant, most employers require a candidate to have a _________ in accounting or a related field

__________________ help public and private institutions organize their finances. They prepare budget reports and monitor institutional spending.

Costs of maintaining and operating a business.

A report showing all assets, liabilities, and owner’s equity of a business as of a specific date.

Net worth of the business

A written report which describes the financial health of a company; prepared on a quarterly and annual basis.
 Balance Sheet, Income Statement, Statement of Changes in Owner's Equity

What is the job outlook for Appraisers and Assess of Real Estate Workers, for the 2012-2022 period?

A Loan Officer is estimated to earn _____________ per year, according to the 2014 Occupational Outlook Handbook .

The system of recording and reporting financial activity and transactions.

_________________prepare and examine financial records. They ensure that financial records are accurate and that taxes are paid properly and on time. Accountants and auditors assess financial operations and work to help ensure that organizations run efficiently