Assets
Separation of Duties
Revenue
Expenses
Fiscal Year
Internal Controls
Forecasting
Liabilities
Debts that the program is responsible for.
Total amount of money collected for services or goods sold before any expenses are subtracted.
Having more than one person complete a task.
Everything with an economic value a program owns.
The process of using historical financial information to predict future business trends.
Processes that help reduce risk and provide reasonable assurance about the integrity of financial information, the effectiveness of operations, and compliance with laws.
Money spend or costs incurred to run the program and earn revenue.
A 12-month period of time used for tax and accounting purposes and preparing financial statements.
