Cash Flow Statements

balance sheet = a written statement showing the amount of money and property that a company has and listing what has been received and paid out

P&L= profit and loss net worth = the value of the assets (property, money) a person or corporation owns, minus the liabilities (property, money) they owe accounting period = an established range of time during which accounting functions are performed, aggregated, and analyzed summary statement = a billing Statement that provides only an aggregate amount of all Transactions posted to such Accounts billing = the process of preparing or sending invoices net position = the value of the position subtracting the initial cost of setting up the position. For example, if 100 options where purchased for $1 each and the option is currently trading for $9, the value of the net position is $900 - $100 = $800. core operations = the activities, duties, obligations and responsibilities of a company overlook = fail to notice bill = charge (a sum of money)