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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z New
Filename extension is three characters long suffix to the filename written after the dot. (Such as .pdf or .jpg). Every file format has its own extension.
Financial Statements is a term that is used for comprehensive designation of mandatory statements showing a basic financial situtation.
Financial Institutions are all organizations whose principal activity is the management of financial resources or securities. Thus, mediation, providing or storage of financial resources, securities or various financial derivates.
Fiscal year is an economic term that refers an accounting period that begins on the first day of a month other than January.
Fixed costs are the costs that directly not depend on the volume of produced goods or provided services. For example, in terms of costs of acquiring and operation of buildings, machinery, information technology etc.
Philip Kotler and Kevin Lane Keller distinguish five product levels - Pure material goods, Predominant material goods with accompanying services, Hybrid, Predominant service with accompanying goods, Pure service.
Formal communication means official communication. It is typically somehow controlled, prescribed, has its given form and requirements are predetermined.
A financial audit is an independent assessment of the financial statements of an organisation.
Factoring is a term that refers to the sale of short-term (usually with a maturity of 14-90 days) collective receivables that are not secured (i.e. hedge funds are not used), resulting from the sale of goods and services before their due date.
Financial Stability is an economic term that refers to the financial balance. It breaks down into short-term stability - liquidity and long-term stability - solvency.
Financial Result (economic result) is the difference between revenues and costs.
Format means the size, dimension, shape, or configuration syntax something.
Financial Accounting (Financial Accountancy) monitors information for the enterprise as a whole and it is intended both for external users (e.g. tax authorities, banks) and internal users as a source of data for managers.
FAQ is an abbreviation for Frequently Asked Questions. It is a list of often asked questions by customers and responses on them.
Directory or file folder is used to organize files on a computer or on a disk. Folders with documents creates the user so he is oriented in own files and also to define who can do that folder (if the are shared).
Fixed assets are such property that serve the enterprise for a long period of time (usually longer than one year) and forms the essence of its shareholding.
Flat tax (or fixed tax) is a one-rate tax on subjects regardless of their income, sales and so on. All subjects pay the same rate. It is usually applied in excise taxes or VAT. Some states apply a flat tax on income tax as well. Its opposite concept is a progressive tax.
Fiscal policy is a set of rules and measures through which the government affects macroeconomic conditions, and therefore the development of the national economy.
The formal organizational structure (also used the term organizational structure) is an officially codified hierarchical arrangement of relationships between different jobs within the organizational units and relationships between departments within the organization. It defines hierarchical relationships and assignes competencies (competences), mutual ties and liability.
FTE (Full Time Equivalent) is a term that indicates a unit, which expresses the degree of involvement or the workload capacity equivalent to 100% capacity. In other words, it is a equivalent of one full-time worker.
For the Attention Of (FAO) is the acronym used in business correspondence to refer to the addressee, i.e. the person to whom the letter is addressed.
Factors of production are used in a production of economic goods as inputs. Economic theory usually defines three types of factors of production: Land, Labor, Capital Stock.
Finance is one type of resources, respectively, inputs into the production process. Financial resources are from an economic perspective part of the assets (property) of the organization.
Financial report and closing are terms that are often used interchangeably. Further it is described the difference between them.
False identity is such an identity of the person behind which hides or is controlled by someone else who's on first sight said.
Financial Report is a term that refers to a set of financial statements. It includes a balance sheet, income statement, annex to the accounting report.
Freelancer is a designation for an independent professional who is available for hire by firms on a project basis. Freelancer is a self-employed person or an entrepreneur that operates by himself and allows himself to be hired by others.
FFF is a way of financing of the business through Family, Friends or Fools.
Fixed Payment Coverage is a term that indicates whether the enterprise has sufficient revenue available to pay obligations to investors and creditors.
The face value of the shares is the value specified on the share.
Financial Market is a term used to refer to that part of the market, in which takes place the movement of the financial resources (money, securities, shares, bonds, bills, checks and other financial instruments and derivates).
Free trial period is for customers to try out a product before they buy it. It is very common in the software industry, where is typically 14 or 30 days.
Flat organizations is an organization that has a low number of management levels and simple organizational structure.
Freemium is name for a business model of providing products or services by which basics are provided for free, but an advanced version is charged. Word Freemium is composed from words free and premium.
Functional or physical obsolescence is the time after which a product, equipment or property is outdated, malfunctioned or not functioning.
Regulation is a set of rules and standards that govern the functioning of financial institutions whose main objective is to increase financial stability and client protection.
FYI is the acronym of For Your Information. It is used if we do not expect from the other party a response and we send it a message for information only, to let it know.
Foreign exchange risk arises in the foreign trade if there is a possibility of a disadvantageous change of the exchange rate of the foreign currency against the currency in which the company trades.
Formal means meeting the requirements or regulations and also emphasizing form or compliance with norm and practice.
Full time job (or just Full-time) is a time devoted to any work, task or job. Full time means 100% of the working time, usually 8 hours a day (on weekdays).
F2F stands for Face-to-Face and it means personally.
Fiscal Deficit occurs when state expenditures exceed its revenue.
Fiscal Cliff is a term for economic effect for the unprecedented structural hole in the state budget - the difference between federal spending and revenues, which threatened the U.S. in late 2012.
Facilitated discussion is a factual conversation, a dialogue of two or more people over a particular topic. One of them, a facilitator is directing and managing this discussion. The aim of the discussion is to break the topic from different views, to gather arguments for possible decisions.
Financial asset is the sum of all funds or other securities of the company.
The face value of shares or securities is the value printed on them and refers to their value on the day of their issue.
Feedback is a basic regulatory mechanism of complex systems. The principle is to compare the values ​​of the input with values of the output.
Forfaiting is a term that refers to redemptions (onerous assignment) outstanding receivables that are secured by a bank guarantee, avalised bank bill or documentary letter of credit with deferred payment.
Formal education is the formal education provided by qualified instructors, teachers and schools. It ended with some form of certificate or certificates.
Foreign direct investment (FDI) is the term for a direct investment in a particular company or a busines invested by an investor from another country.
False invoice is an invoice issued for goods or services that have not been provided and for which there is no purchase order or contract. Its goal is to cheat someone, the fraud.
File is a set of data that has some common features, format, name and extension. Almost all the data used by the computer must be in a file that is stored on disk.
Fixed Asset Turnover is a term that indicates the efficiency of utilization of fixed assets and indicates how many times they turn in revenues per year.
Financial literacy is one of the higher forms of basic literacy and it is a concept of an individual's ability to understand basic economic principles, take care of the personal finances, secure themselves and family, how to not be tricked ingenious marketing tricks.
Fair value is rational, unbiased and mutually advantageous price paid and obtained within transaction between the seller and the purchaser.
Firm's Credit worthiness is an appreciation of the company's ability to repay the loan provided. It affects both the decision to provide the loan and the interest rate.
File format determines how the computer process or otherwise work with the file and which application open the file. The file format can usually be identified by the file extension. There are many different formats.
Foreigner (Alien) is a person who comes from another country or state and has there a citizenship.
Favicon is the icon used to describe and distinguish the website. Favicon is that little obázek what is displayed on the tab in the web browser when the page loads.
Functional organizational structure is on one of the types of the formal organizational structure. The basis of this structure is an arrangement where a worker has different managers for different areas of the organization operation.