Before starting a business, the aspirant  needs to understand business terms. The glossary of business terms provides definitions for  terminology and acronyms used  commonly  in  Business plans(Project Reports), accounting, finance, and other aspects of  business.

The terms have been arranged in Alphabetical order and grouped accordingly.

Accrual-based accounting .

Accumulated depreciation

Acid test

Asset turnover

Assets

Accounting Standards.

Accounts Payable (AP)

Accounts Receivable (AR)

Break-even analysis

Break-even point – Sales

Break Even point - Units

Business plan

Compound Average Growth Rate (CAGR)

Capital assets

Capital expenditure

Cash flow

Cash sales

Channels of distribution

Cost of Goods Sold (COGS)

Collection days

Competitive analysis

Contribution

Contribution margin

Cost of sales

Current assets

Current Liabilities

Cost of Project