Business glossary

Accelerator
Accelerators select businesses with the potential to become successful and supports them with mentorship and coaching from business and sector profession...
Fri, 2 Dec, 2016 at 1:16 PM
Annual report
An annual report can be used to analyze a company's performance, financial position and activities during a financial year (normally calendar year)....
Fri, 2 Dec, 2016 at 2:07 PM
Articles of association
The articles of association are adopted by the shareholders in the company and include provisions regarding the activities, number of board members, audi...
Fri, 2 Dec, 2016 at 2:08 PM
Auditor
The role of auditors is to perform an unbiased review of the financial statements and annual reports of companies. Some companies are required by law to ...
Fri, 2 Dec, 2016 at 1:42 PM
Balance sheet
 A balance sheet includes information about the assets, equity and liabilities of a company as of a certain date. Assets include: fixed assets su...
Fri, 2 Dec, 2016 at 2:05 PM
Business angel
Business angels invest in early-stage companies in exchange for shares in the companies. Many angels also contribute with financial and operational know-h...
Fri, 2 Dec, 2016 at 2:12 PM
Board of Directors
The board of directors are responsible for strategic decisions and for ensuring that the company meets legal requirements. The directors are elected by th...
Fri, 2 Dec, 2016 at 2:18 PM
Cash flow statement
A cash flow statement describes how a company generated its cash flow during a specific period of time. The statement is divided into three sections: ...
Fri, 2 Dec, 2016 at 2:20 PM
Company value
The value of the shares in a company is based on its estimated future cash flows and the riskiness in those cash flows. As these factors are difficult to ...
Fri, 2 Dec, 2016 at 2:31 PM
Loans
 A company can finance its business with equity, debt and/or cash flows from its business activities. Debt gives the company an obligation to pa...
Fri, 2 Dec, 2016 at 2:45 PM