An Annual Report
A financial report issued by company and also called corporation on yearly basis that provide information about the company’s business activities and financial statements and its future expectations.
Business Forecasting
Business Forecast is a projection of a business’s future. It is used to plan budgets, revenue, and expenses under a variety of conditions. Cash flow forecast is the most important and common business forecast report.
The Consumer Price Index (CPI)
CPI is an Index calculated monthly by the government showing the change in the prices of a fixed group of consumer goods and services.
Deflation
The term describes a general decrease in the price of goods and services and is the opposite of inflation.
Depreciation
It is the gradual decrease in the value of an asset. Normally the depreciation value is charge to the business profit and loss account over the asset economic useful life. For example, a machinery that can last for 4 years it costs will be depreciated over 4 years period.
Depression
It is a very low point in a nation’s economy when there is high unemployment and a decrease in the purchasing of goods and services. A depression is much worse than a recession.
A Dot Com Company
It is one of the many companies that have been created specifically to provide services via the Internet. The term dot com comes from the internet addresses for commercial organization which end in " .com," Some of these companies actually have ".com" as part of their company name.
A Fiscal Year
It is a 12-month calendar period used for budgeting and planning purposes. A private business can begin its fiscal year with any month, although most begin with January, April, July or October. A fiscal year usually is referred to by the year that cycle ends. Businesses report their earnings and file their tax returns based on their fiscal year.
The Gross National Product (GNP)
It is the total value of all goods and services produced by a country in one year. GNP is an index used to compare the size of a country’s economy over a period of years or to compare one country’s total output with another total output
Inflation
It is a general increase in the price of goods and services. An example of inflation is a land which cost £200,000 twenty years ago which now can be sells for millions.
Liquidating
It means converting securities like stock or bonds to cash.
Monopoly
A monopoly exists when there is only one supplier of a good or service or one supplier is so large that it can control the market.
A Quarter
It is one of four parts of the business fiscal year. Most businesses prepare and file their VAT return on quarterly basis.
A Recession
It is a slowdown in economic activity, which is often accompanied by a reduction in sales, profits and increase in unemployment.
Retained Earnings
It is a profit retained in the company after paying taxes and dividends.
