These financial terms will help you to manage the budget, or when you are choosing a project. 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. Balance sheet a financial statement that shows the assets, liabilities and owners. Internal factors are generally those considered to be under the control of the organization. For example, an employee receiving a raise may reply with the words cool beans, upon receiving the news. Glossary of risk management terms this is a comprehensive. Financialmanagement terms small business encyclopedia. The companies selected typically are in different industries and different geographic regions. Bear market a bear market is a prolonged period of falling stock prices, usually marked by a decline of 20% or more. A slang term used to refer to something favorable that has happened in business. There are many financial terms in project management. The complete glossary of project management terms smartsheet. Pdf public financial management in development practice. Not all concepts or coverages identified in this list are found at chapman university.
Using this definition, accounting can be seen to be about the identification and recording of business transactions as a. This is an accounting term that refers to the credit debt your business has incurred. Terms for the updated glossary have been compiled from other entities, including the federal housing finance agency, department of. Glossary of financial terms clute wealth management. Glossary of cncs financial and grants management terms and. The most comprehensive investing glossary on the web. Accountability the obligation to report on ones actions. Knowledge management glossary knowledge research institute, inc. Glossary of public finance terms 5 tions pursuant to section 265b of the internal revenue code in any calendar year. This glossary provides in one place a list of key terms with simple explanations of the ways in which they are technically used. 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. Section ii provides definitions for terms you will likely need as your project. 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.
Gao05734sp a glossary of terms used in the federal. The bureau created a glossary translating common financial terms into spanish in october 2015 and has updated it in 2018 with additional terms. Annual management charge this is a yearly charge made by the managers of unit trusts or investment trusts. It was compiled to assist operations management students in courses at the university of michigan business school. Glossary of business management terms a comprehensive dictionary of business management terms. Glossary of standard project management terms page i. Paul sticht professor of international business, fuqua school of business, duke university. Acceptance criteria performance requirements and essential conditions that have to be achieved before project deliverables are accepted. Glossary of finance terms national association of counties.
Because these financial terms will help you better calculate the cost. A yearly report or record of the financial position and operations of an investment or company. Cash equivalent shortterm, highly liquid investments that are both 1 readily convertible to known amounts of cash and 2 so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Section i is a listing of basic project management terms. Expenditures within capital projects may include costs for the planning, design, and construction management. Balanced fund mutual funds that seek both growth and income in a portfolio with a mix of common stock, preferred stock or bonds.
It has been compiled as an annotated text, building on material from a variety of sources and adapting it to the field of economics and. The most important requirement around the use of strategic. Here is a finance and accounting glossary for a non financial manager. A common element of a financial plan that describes projected capital spending and the proposed uses of net working capital. They are mostly related to project selection methods and especially to the most common approach for project selection which is the economic model. Includes terms used by a range of donors involved in providing bilateral and multilateral aid to development partner governments, including usaid, the eu, the. This list of 30 business phrases can help you understand some of the jargon. Glossary of important business, economic, and financial history terms. 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. If youre a new business owner, you may be hearing some terms youre not familiar with. Start studying glossary of terms used in financial management. Wealth management terms glossary aldrich cpas wealth. The a to z of financial terms plain english campaign. Glossary of terms used in financial management flashcards.
A record that holds the results of financial transactions. The time you spend contributing to your annuity is the accumulation phase. Many businesses use credit for supplies, raw materials, or inventory purchases. The following glossary is designed to help nonfinance experts understand some of the terminology used in public agency financial management. This glossary includes terms pertinent to operations management. This is a yearly charge made by the managers of unit trusts or. Issue of securities to finance purchase of capital assets.
This glossary is designed to help you understand some of the more common investment and financial terms you may encounter. This glossary is provided for gene ral information. 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. Glossary of financial and business terms over 2,500 entries compiled by campbell r. When money is paid into a fund such as a pension fund the allocation rate is the percentage of. Schroders glossary is designed to help clarify terms used in investment literature. Comparing doubleentry bookkeeping vs singleentry accounting. Activity 1 a component of work performed during the course of a project. Account a fiscal and accounting entity with a selfbalancing set of. The annuitant and the annuity owner arent necessarily the same person.
Your pocket guide to understanding financial terms. Glossary of terms in public financial management, with a particular focus on ghana. Brief glossary of financial management terms city of huntington. Here is a finance and accounting glossary for a nonfinancial manager. 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. A bank account specifically set up by a business owner to float money through from business a to enhance the perceived value of business b. The equation that is the basis of the balance sheet. A special case of inductive reasoning resulting in specific assertions that imply the available information in context of the background knowledge without logical certainty.
Glossary financial and banking terms adjusted results. Understanding these terms and acronyms is an important. 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. Many planners might have a different interpretation of a particular term, especially if they primary use one model of strategic planning. Trading center for longterm debt instruments and corporate stocks. Dod financial management regulation volume 1, definitions definitions 1. Public agency financial management frequently involves terms that are unfamiliar to nonexperts, the definitions of which also involve other unfamiliar. Purpose the purpose of this listing is to provide definitions for terms used in the regulation, which are unique to the federal government or the department of defense. It also lists creditors who have been owed money for the.
Glossary of project management terms and acronyms used by project managers and business professionals. Apr 27, 2020 financial terms in project management are important for a strong project management process. Project management glossary terms usaid learning lab. This glossary contains more than 600 terms and provides simple, clear explanations. Terminology a glossary of technical terms on the economics and finance of health services by. The amount is set out in the companys memorandum of association. Establishing standardized definitions for common project management terms is a challenge, even for seasoned pros. This glossary provides in one place a list of key terms with. The annual accounts are presented for approval at this meeting. This guide has been created for you to use with your clients to help make investment literature easier to understand and to clarify some of the more common terms. Glossary of risk management terms this is a comprehensive list of insurance terms.
Draft of risk management terminology isotm wg on risk management terminology, doc. Keeping up with the increasing number of investment products and services in the marketplace today can be confusing. Generally only investments with original maturities of three months or less meet this definition. A service that oversees, measures, and evaluates financial information for decision making purposes.
From 401ks to zerosum investments, the glossary is an evolving reference for investors and. Project management glossary of terms page 8 fall 2007 budget the approved estimate for the project or any work breakdown structure component or any schedule activity. So if you understand these financial terms, the chance of the projects success will increase significantly. Having launched it originally in 2004 we have now updated it with modern.
It is not an exhaustive list of all financial management terms, and it does not define terms when standard dictionary definitions apply. Authoritative guidance with more detailed explanations or nuances may be found in specific volumes or chapters. Glossary of terms ac american international group aig. Glossary of terms acceptance the formal process of accepting delivery of a product or deliverable. To help you achieve this goal, were offering this authoritative reference guide, pulling together a complete list of project management terminology. 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. Glossary of business management terms the balance careers. Glossary of financial and business terms over 2,500 entries. The forbes financial glossary defines hundreds of finance terms to help you decode the puzzle. If you know these financial terms well as a project manager, you will be more confident about choosing the right project. Liability arising from extremely dangerous operations. A key concept in financial planning and money management. Glossary of wealth management terms keeping up with the increasing number of investment products and services in the marketplace today can be confusing.
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. A balance sheet is a summary of an organisations financial position. Glossary of strategic planning terms the following list includes many of the most common terms used in strategic planning. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Feb 24, 2017 establishing standardized definitions for common project management terms is a challenge, even for seasoned pros.
Hedge a financial term for a specific type of financial instruments trading for risk management. A nongaap financial measure used to assess each of the. Dod financial management regulation volume 1, definitions. It lists the values, in the books of account on a particular date, of all the organisations assets and liabilities. This list does not define terms when the normal dictionary definitions are applicable. This wealth management terms glossary is designed to help you understand some of the more common investment and financial wealth management terms you may encounter. Mbiglossary of cncs financial and grants management terms and definitions pdf see all 2012 financial and grants management institute resources. Employee of a brokerage or fund management house who studies companies and makes buyandsell recommendations on their stocks.
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