1. General Business Unit 4 – Small Business Mgmnt.
Chapter 14 – Maintaining Financial Information

2. Text Book Page 182 Page 183 Electronic Budgeting Tool
Focus On Real Life

3. Business Budget A planning tool used to:
Anticipate sources & amounts of income
To predict the types & amounts of expenses for a specific business activity or the entire business

4. Business Budget Income or Revenue Expenses Money received
Costs of operating

5. Business Budget Financial info help for new business
SBA / Dun & Bradstreet / Standard & Poor / Value Line
Business mags & newspapers
Forbes / Fortune / WSJ
Associations
National Federation of Independent Business

6. Budgets Start-up budget Plans income & expenses
Beginning until profitable
Buildings, equipment, inventory, advertising
Lenders want detailed budget before lending money

7. Budgets Operating budget Day-to-day operations
Lists all revenues & expenses
Shows planned net income or loss

8. Budgets
Cash budget
Estimate of actual cash received and paid out

9. Math Sheet
Math work sheet – 29 & 30

10. Financial Records Record and analyze financial performance
Use to see if budgets have been achieved

11. Financial Records Cash records Record of accounts
List cash receipts & disbursements
Record of accounts
Identifies all credit purchases & sales
Accts. Pay – credit purchases made by business
Accts. Rec. – customers owe on credit purchases

12. Financial Records Inventory Records Payroll Records
Types & quantity of products for sale
Payroll Records
Info on all employees & earnings

13. Financial Records Asset Records Identifies buildings & equipment owned
Original & current value
Amount owed if money was borrowed to purchase asset

14. Financial Statements Reports that summarize the financial performance
Balance Sheet
Assets, liabilities & owner’s equity (capital)
Income Statement
Revenues, expenses & net income or loss

15. Financial Statements Net Income Net Loss
Income > Expenses
Net Loss
Income < Expenses
Compare statements from one period to another
How’s company doing?

16. Class Work
CW 14-1
Check if done
Review in class

17. Text Book Page 187 Page 193 Global Perspectives Cultural Notes
Pricing For Global Markets

18. Work Book Pages 75-78 Study Guide All activities Pages 71-73
Turn one in per group

19. Quiz Time Quiz 14-1 Crossword Puzzle

20. Test
Unit 4 – Chapters
Next class meeting

21. The End
Chapter 14