Relier Pairs accounting vocabularyVersion en ligne accounting vocabulary par marco rabadan 1 Financial 2 Audit 3 Assets 4 Balance sheet 5 Expenses 6 Revenue 7 Income statement 8 Cash flow A financial snapshot showing a company's assets, liabilities, and equity at a specific point in time. To conduct an official examination and verification of financial records to ensure accuracy and compliance with regulations. The income generated by a business from its normal activities, such as sales of goods or services. The movement of money in and out of a business. The resources owned by a business, such as cash, inventory, equipment, and property. The costs incurred by a business in order to generate revenue, including wages, rent, utilities, and supplies. Relating to finances or the management of money. A financial report summarizing a company's revenues, expenses, and net income over a specific period.