Asset, Anything of value that a person or business owns or controls. Examples include cash, inventory, real estate, and equipment., Liability, Money that a person or business owes to outside parties. Examples include bank loans, mortgages, and unpaid bills (accounts payable), Equity, The value that remains for the owners after all liabilities are subtracted from assets (Assets - Liabilities = Equity). It represents the true ownership stake in the business., Revenue, The total amount of money a business brings in from selling its goods or services before any expenses are deducted. Often called the "top line.", Expense, The ongoing costs a business incurs to generate revenue. Examples include rent, employee salaries, and advertising., Profit, The financial gain left over after all expenses are subtracted from revenue (Revenue - Expenses = Profit). Often called the "bottom line" or net income., Cash, The net amount of cash moving into and out of a business. A company can be profitable on paper but still run out of money if its cash flow is poorly managed., Flow, The net amount of cash moving into and out of a business. A company can be profitable on paper but still run out of money if its cash flow is poorly managed.

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