Saturday 22 September 2012

Glossary Of Small Business Terms part 18

FEDERAL ACQUISITION REGULATION (FAR) The body of regulations which is the primary source of authority governing the government procurement process. The FAR, which is published as Chapter 1 of Title 48 of the Code of Federal Regulations, is prepared, issued, and maintained under the joint auspices of the Secretary of Defense,
the Administrator of General Services Administration, and the Administrator of the National Aeronautics and Space Administration. Actual responsibility for maintenance and revision of the FAR is vested jointly in the Defense Acquisition Regulatory Council (DARC) and the Civilian Agency Acquisition Council (CAAC).

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FINANCIAL FORECAST Projection of revenues and expenses for the next one to five years.

FINANCIAL PLAN An outline for how to use the money (capital) you have and how to raise the money you will need.

FINANCIAL RATIOS Measures of capital, including debt to asset, current, and debt to worth. See individual definitions for "acid," "current," "quick" ratios.

FINANCIAL REPORTS Reports commonly required from applicants request for financial assistance, e.g.: Balance Sheet -A report of the status of a firm's assets, liabilities and owner's equity at a given time.

FINANCING New funds provided to a business, by either loans or purchase of debt securities or capital stock.

FirstGov FirstGov is a public-private partnership, led by a cross-agency board and administered by the Office of FirstGov in the General Services Administration's Office of Governmentwide Policy.

FIVE "Cs" OF CREDIT A system used by lending officers to evaluate a loan application: Character, Cash Flow, Collateral, Capitalization and Conditions. See individual definitions.

FIXED ASSETS Equipment, buildings, etc., which are purchased and used for long-term purposes.

FIXED COSTS Costs of doing business such as rent, utilities, depreciation, taxes, etc., that remain generally the same regardless of the amount of sales of goods or services.

FLOW CHART A graphical representation for the definition, analysis, or solution of a problem, in which symbols are used to represent operations, data, flow, equipment, etc.





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