Amortization: "... a system that spreads the cost of an intangible asset, such as a patent, over the useful life of the asset," (Wagner, 2005, p. 2). Depreciation offers the same benefit as depreciation, but is specific to non-physical assets, giving a company the advantage of calculating overall net worth.10. Fiscal Year: “A company's financial reporting year” (Wagner, 2005, p. 2). Unrelated to the calendar year, the fiscal year typically coincides with tax obligations.11. Profit margins: “…profit – what the owners of the business keep after paying all the bills – as a percentage of sales or revenues” (Wagner, 2005, p. 2). This is ultimately what the company earns once all other debts/obligations are paid off.12. Accounts Receivable: “…money owed to the company, usually for goods and services” (Wagner, 2005, p. 2). Credits represent a value for the exchange of its production. An example is an electric company that charges $150 per man hour for a job. Upon completion of the effort, if three hours of work were required, the credit amount would be $450.13. Debts: “… money the company owes to others, including suppliers” (Wagner, 2005, p. 2). As they say, it takes money to make money. Debt is often the initial cost of starting, maintaining and producing a business. An example of debts are business cards, brochures and website