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Study sets matching "accounting finance accounting finance english"

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Study sets matching "accounting finance accounting finance english"

38 terms
Finance and Accounting
Balance Sheet (statement of financial…
Efficiency
Growth
Liquidity
A financial statement that summarises a business's assets and…
the ability of a business to minimise its costs and manage th…
ability of a business to expand over time
the ability of a business to pay its short term debts as they…
Balance Sheet (statement of financial…
A financial statement that summarises a business's assets and…
Efficiency
the ability of a business to minimise its costs and manage th…
41 terms
Accounting & Finance
Variable Costs
Fixed Costs
Annual Report
Cash Flow
Costs that change with each change of unit of output
Costs that don't change with each change of unit of output
The annual financial statement showing the financial results…
The flow of cash into and out of the business
Variable Costs
Costs that change with each change of unit of output
Fixed Costs
Costs that don't change with each change of unit of output
11 terms
Accounting/Finance
balance sheet
balance sheet equation
GAAP
SEC
a record of the financial situation of an institution on a pa…
Assets = Liabilities + Stockholders' equity
Generally accepted accounting principles
Securities and Exchange Commission
balance sheet
a record of the financial situation of an institution on a pa…
balance sheet equation
Assets = Liabilities + Stockholders' equity
16 terms
Accounting and Finance
Cycle Process
revenues
expenses
assets
cyclical process of recording what a business does with its m…
Fees earned from providing services and the amounts of mercha…
expenses are costs that have been used up or have been incurr…
Assets are things that the company owns. They are the resourc…
Cycle Process
cyclical process of recording what a business does with its m…
revenues
Fees earned from providing services and the amounts of mercha…
132 terms
Finance & Accounting
deferred income tax provision
deferred income tax value
income tax
VAT (Value Added Tax)
rezerwa z tytułu odroczonego podatku dochodowego
wartość odroczonego podatku dochodowego
podatek dochodowy
podatek od wartości dodanej
deferred income tax provision
rezerwa z tytułu odroczonego podatku dochodowego
deferred income tax value
wartość odroczonego podatku dochodowego
55 terms
accounting and finance
users of accounting info
fundamental qualities of accounting info
further enhancing qualities of account…
difference between management accounti…
directors, managers, investors, customers, lenders, employees…
relevant (cross a threshold of materiality)... faithful represen…
comparability, verifiability, timeliness, understandability
users of accounting info
directors, managers, investors, customers, lenders, employees…
fundamental qualities of accounting info
relevant (cross a threshold of materiality)... faithful represen…
25 terms
Accounts & Finance
Retained Profit
Trade Credit
Balance Sheet
Profit and Loss Account
1. At the end of the financial year, a firm can decide to kee…
This is where you buy something off another business, but the…
An account that gives a statement of a firm's wealth on a par…
A financial account showing the revenue, costs and profit of…
Retained Profit
1. At the end of the financial year, a firm can decide to kee…
Trade Credit
This is where you buy something off another business, but the…
26 terms
Accounting and Finance
Accounting
Management accounting
Business concept
Core competence
Helps describe the business situation and implications of cha…
Sales and distribution management... Material and production man…
May comprise a product or a combination of a product and a sp…
An activity or process that critically underpins an organizat…
Accounting
Helps describe the business situation and implications of cha…
Management accounting
Sales and distribution management... Material and production man…
16 terms
Accounting and Finance
Accounting
Creditor
Debtor
Goodwill
The process of collecting, recording and interpreting the fin…
Owed money by the business for buying goods or services on cr…
Customers who owe the business money as a result of buying go…
The reputation of a business based on their assets and client…
Accounting
The process of collecting, recording and interpreting the fin…
Creditor
Owed money by the business for buying goods or services on cr…
42 terms
Finance and accounting
income statement
statement of financial position
gross profit
operating profit
a document that gives the revenues and costs for a business a…
the financial document that lists all the assets and liabilit…
sales revenue minus the cost of sales
gross profit minus expenses (used to known as net profit)
income statement
a document that gives the revenues and costs for a business a…
statement of financial position
the financial document that lists all the assets and liabilit…
42 terms
Finance English / Accounting
Bookkeeping
Double-entry bookkeeping
Ledger
Day books / journals
Grāmatvedība
Divkāršā uzskaites sistēma / a generally accepted system in a…
Virsgrāmata / main books of account
Kases grāmata / a book in which the transactions are recorded…
Bookkeeping
Grāmatvedība
Double-entry bookkeeping
Divkāršā uzskaites sistēma / a generally accepted system in a…
13 terms
Accounting & Finance
Accounting
Financial Statements
Balance Sheet
Assets
Reporting financial activity
Written reports that describe financial health
Reports assets, liabilities, and owner's equity
Anything of value owned
Accounting
Reporting financial activity
Financial Statements
Written reports that describe financial health
19 terms
Accounting and Finance
Sole traders
Partnership
Small proprietary company
Intern finance
A business that is owned by one person
Exists when two or more people (not more than 20) go into a b…
A business structure,which has minimum of one shareholder wit…
Finance comes from sources within the business (CA & CL)
Sole traders
A business that is owned by one person
Partnership
Exists when two or more people (not more than 20) go into a b…
100 terms
Finance and Accounts
Business angels
Capital expenditure
Debt factoring
External source of finance
are wealthy entrepreneurs who risk their own money by investi…
is investment spending on fixed assets such as the purchase o…
is a financial service whereby a factor (such as a bank) coll…
Mean getting funds from outside the organisation, e.g through…
Business angels
are wealthy entrepreneurs who risk their own money by investi…
Capital expenditure
is investment spending on fixed assets such as the purchase o…
296 terms
Finance and accounting
retail banking
corporate banking
invest banking
personal/consumer banking
bankowość detaliczna
bankowość przedsiębiorstw
bankowość inwestycyjna
bankowość osobista
retail banking
bankowość detaliczna
corporate banking
bankowość przedsiębiorstw
18 terms
Accounting - Finance
What are 5 internal decisions that use…
What are 2 external parties that view…
What type of accounting looks backward…
What type of accounting looks forward,…
Short-term planning... Long-term planning... Controlling routine op…
Investors... Banks
Financial accounting
Managerial accounting
What are 5 internal decisions that use…
Short-term planning... Long-term planning... Controlling routine op…
What are 2 external parties that view…
Investors... Banks
20 terms
Accounting and Finance
Accrue (v)
Allocate (v)
Annuity (n)
Budgetary (adj)
To accumulate or collect
To designate, set apart, or budget
A yearly payment of an allowance/income
Pertaining to a financial or spending plan
Accrue (v)
To accumulate or collect
Allocate (v)
To designate, set apart, or budget
20 terms
Accounting & Finance
accrue
allocate
annuity
budgetary
to accumulate, collect, or build up
to designate, set apart, or budget
a yearly payment of an allowance or income
pertaining to a financial or spending plan
accrue
to accumulate, collect, or build up
allocate
to designate, set apart, or budget
13 terms
Accounting and Finance
The Accounting Cycle
The Accounting Process
The interpretation and use of financia…
Personal and business finance
...
...
...
...
The Accounting Cycle
...
The Accounting Process
...
36 terms
Accounting and Finance
assets
managerial accounting
past, future
managerial accounting
company's resources
made up of detailed reports of secret data that helps people…
accounting uses the __________ to help us make decisions in t…
type of accounting that helps a company decide how to handle…
assets
company's resources
managerial accounting
made up of detailed reports of secret data that helps people…
49 terms
ACCOUNTING AND FINANCE
ASSETS
LIABILITY
EQUITY
ENTITY
An Asset is a resource controlled by the entity as a result o…
A Liability is a present obligation of the entity arising fro…
Equity, in simple terms, is the value of the resources contri…
Organisation such as a business.
ASSETS
An Asset is a resource controlled by the entity as a result o…
LIABILITY
A Liability is a present obligation of the entity arising fro…
11 terms
Accounting and Finance
stocks and bonds
bond
stocks
dividends
two primary forms of long term financing
a corporate certificate that obligates the issuer to... pay the…
a share of ownership in a corporation where each... share of sto…
a proportion of a company's profit that is paid to its shareh…
stocks and bonds
two primary forms of long term financing
bond
a corporate certificate that obligates the issuer to... pay the…
8 terms
Accounting / Finance
Balance Sheet
Income Statement
Statement of Stockholder's equity
Statement of cash flows
A sheet that displays the resources a company owns, and the s…
Reports a company's ability to sell goods at a profitable mar…
Reports additional income/losses dealing with investors and s…
Reports cash and how it was used, done at the end of a term.
Balance Sheet
A sheet that displays the resources a company owns, and the s…
Income Statement
Reports a company's ability to sell goods at a profitable mar…
41 terms
Accounting & Finance
Variable Costs
Fixed Costs
Annual Report
Cash Flow
Costs that change with each change of unit of output
Costs that don't change with each change of unit of output
The annual financial statement showing the financial results…
The flow of cash into and out of the business
Variable Costs
Costs that change with each change of unit of output
Fixed Costs
Costs that don't change with each change of unit of output
18 terms
Accounting & Finance
Sole Proprietorship
Partnership
Limited Company
Shares
An individual who is the sole owner of a business
Two or more individuals who carry on a business with the inte…
Limited liabilities (e.g. all the debts have to come from the…
investments and loans put in a business by owners
Sole Proprietorship
An individual who is the sole owner of a business
Partnership
Two or more individuals who carry on a business with the inte…
20 terms
Accounting & Finance
Accounting
Audit
Budget
Financial Statements
the system of recording and reporting financial activity and…
a formal examination of a company's financial records for acc…
a plan that shows what you expect to earn and spend in a cert…
a written report which describes the financial health of a co…
Accounting
the system of recording and reporting financial activity and…
Audit
a formal examination of a company's financial records for acc…
17 terms
Accounting & Finance
Current Ratjo
Gross Profit %
Operating Profit %
ROE
Current Assets / Current Liabilities
Gross Profit / Revenue (Sales) x100
Operating Profit / Revenue (Sales) x100
Profit After Tax / Equity (%)
Current Ratjo
Current Assets / Current Liabilities
Gross Profit %
Gross Profit / Revenue (Sales) x100
15 terms
Accounting Finance
Accrued
Belt tightening
Cash flow
Depreciation
An expense that has been incurred but not yet paid for
Spend less to reduce costs
Movement of money
A gradual decrease in the value of an asset
Accrued
An expense that has been incurred but not yet paid for
Belt tightening
Spend less to reduce costs
84 terms
Accounting/Finance
Reserve Requirement
Discount Rate
Federal Funds Rate
Open Market Operations
Percentage of deposits that a bank must hold in cash or on de…
The interest rate at which member banks can borrow money from…
Key rate; interest rate at which commercial banks lend reserv…
Sale and purchase of securities by the Fed (treasury securiti…
Reserve Requirement
Percentage of deposits that a bank must hold in cash or on de…
Discount Rate
The interest rate at which member banks can borrow money from…
24 terms
Accounting & Finance
Deferred
time-series analysis
cross-sectional analysis
Assurance Opinion
postponed or delayed
A statistical approach that relies heavily on historical dema…
A type of analysis that helps identify similarities and diffe…
Opinions on the effectiveness of the internal control system…
Deferred
postponed or delayed
time-series analysis
A statistical approach that relies heavily on historical dema…
9 terms
Finance and Accounting
Net Profit Margin
Return on Equity
Gross Profit Margin
Current Ratio
Net Income/Sales
Net Income/Average Equity
Gross Profit/Sales
Current Assets/Current Liabilities
Net Profit Margin
Net Income/Sales
Return on Equity
Net Income/Average Equity
33 terms
Accounting and Finance
Accounting Process
Accounting Purpose
Managerial Accounting
Financial Accounting
The financial information system used to measure, record (or…
Stockholders, managers, and employees all use these statement…
Internal Accountants who specialize in preparing and analyzin…
Internal Accountants who specialize in preparing financial da…
Accounting Process
The financial information system used to measure, record (or…
Accounting Purpose
Stockholders, managers, and employees all use these statement…
57 terms
Accounting and Finance
To increase
To assess
To calculate
To add
Accroître
Evaluer
Calculer
Additionner
To increase
Accroître
To assess
Evaluer
8 terms
Finance and accounting
owe
intangible
stock counting
escalating
być dłużnym
niematerialny
inwentaryzacja
narastający
owe
być dłużnym
intangible
niematerialny
23 terms
Accounting and Finance
CFO
Auditor
Fixed Assets (PPE)
Current Assets
Officer in charge of managing financial risks for the corpora…
The firm that provides the company with an examination of the…
An asset with a long-term life that will not be used within t…
An asset with a short-lived life. Will be converted into cash…
CFO
Officer in charge of managing financial risks for the corpora…
Auditor
The firm that provides the company with an examination of the…
12 terms
Accounting and finance
Accounting
Accounting Equation
Assets
Examples of Assets
the method of reporting and recording financial activity of a…
assets = liabilities + owners equity
anything of value owned by the business
Cash (accounts receivable) , office furniture ,equipment & su…
Accounting
the method of reporting and recording financial activity of a…
Accounting Equation
assets = liabilities + owners equity
18 terms
Finance accounting
Income statement
Operating expenses
Financing cost
net working capital
Sales - Expenses = profits
Marketing and distrabution
The intrest paid to creditors
current A - Current L
Income statement
Sales - Expenses = profits
Operating expenses
Marketing and distrabution
28 terms
Accounting & Finance
Accounting
CPA
Private Accounting
ALOE
The action or process of keeping financial accounts.... ...also…
Certified Public Accountant... Given by the American Institute o…
No need to be certified... Deals With- Preparing internal manage…
An equation ... Assets=Liability+Owners Equity
Accounting
The action or process of keeping financial accounts.... ...also…
CPA
Certified Public Accountant... Given by the American Institute o…
Accounting and Finance -
Accounting
Accounting Equation
Assets
Examples of Assets
The method of reporting and recording financial activity 0f a…
Assets = liabilities + owners equity
Anything of value owned by the business
Company cars , Building / Real Estate , Cash
Accounting
The method of reporting and recording financial activity 0f a…
Accounting Equation
Assets = liabilities + owners equity
9 terms
Accounting and Finance
long-term financing forms
bond
stock
common stock
-stocks... -bonds
-corp. certificate that obligates the issuer to pay the bondh…
-share of ownership... -each share is a proportional stake in th…
allows holder right to vote for the board of directors & impo…
long-term financing forms
-stocks... -bonds
bond
-corp. certificate that obligates the issuer to pay the bondh…
47 terms
Finance and Accounting
Accounting
Financial Accounting
Management Accounting
Bookkeeping
The system a business use to identify, measure, and communica…
concerned with preparing financial statements and other info…
concerned with preparing cost analysis, profitability reports…
recording economic activities of a business.
Accounting
The system a business use to identify, measure, and communica…
Financial Accounting
concerned with preparing financial statements and other info…
accounting and finance
accounting
accounting equation
assets
examples of assets
the method of reporting and recording financial activity of a…
assets=liabilities+owners equity
anything of value owned by the business
cash accounts,office supplies,company cars,real estate
accounting
the method of reporting and recording financial activity of a…
accounting equation
assets=liabilities+owners equity
Accounting and Finance
Fundamental Accounting equation
Assets
Liabilities
Owners equity
also called the balance sheet equation, is the basic equation…
Everything a corporation owns or that is due to it including…
All the claims against a corporation. including debts, salari…
the difference between a company's assets an liabilities (the…
Fundamental Accounting equation
also called the balance sheet equation, is the basic equation…
Assets
Everything a corporation owns or that is due to it including…
16 terms
Accounting and finance
sole trader
partnership
limited company
asset
someone opting to work for themselves
2 or more people deciding to run a business together
a private company whose owners are legally responsible for it…
resource collected by an entity as a result of past events an…
sole trader
someone opting to work for themselves
partnership
2 or more people deciding to run a business together
14 terms
Accounting and Finance
Convention
Evolve
Practical
Entity
(N-count)... a way of behaving that is considered to be correct…
(Verb-erg) ... it gradually develops over a period of time into…
(adj)... something involve real situation and events, rather tha…
(N-count)... something that exists separately from other things…
Convention
(N-count)... a way of behaving that is considered to be correct…
Evolve
(Verb-erg) ... it gradually develops over a period of time into…
47 terms
Accounting and finance
Hire purchase
Leasing
Retained profit
Short-term finance
Buying specific goods with a loan, often by a finance house.
Renting or hiring equipment or property.
A profit held by a business rather than returning it to the o…
Money borrowed for one year or less.
Hire purchase
Buying specific goods with a loan, often by a finance house.
Leasing
Renting or hiring equipment or property.
52 terms
ACCOUNTING & FINANCE
collateral, liquidity, history and gua…
security of repayment
money in the bank
credit history
name 4 factors considered when approving finance
what is collateral
what is liquidity
what is history of the business
collateral, liquidity, history and gua…
name 4 factors considered when approving finance
security of repayment
what is collateral
67 terms
accounting & finance
accounting info system
accounting transactions
the account
debit balance
system of collecting & processing transaction data & communic…
economic events that require recording --> occur when assets,…
individual accounting record of increases/decreases in a spec…
left side; total debit amounts exceed credit amounts
accounting info system
system of collecting & processing transaction data & communic…
accounting transactions
economic events that require recording --> occur when assets,…
13 terms
Accounting & Finance
Accounting Entity
Going Concern
Measurement
Units if Measure
The business unit (regardless of the legal business form) for…
Unless there is evidence to the contrary, accountants assume…
Accounting deals with things that can be quantified- resource…
U.S. dollars are the units of value reported in the financial…
Accounting Entity
The business unit (regardless of the legal business form) for…
Going Concern
Unless there is evidence to the contrary, accountants assume…
20 terms
Accounting &Finance
Accounting
Audit
Budget
Financial Statement
The system of recording and reporting financial activity and…
A formal examination of a company's financial records for acc…
A plan that shows what expect to earn and spend in a certain…
A written report which describe the financial health of a com…
Accounting
The system of recording and reporting financial activity and…
Audit
A formal examination of a company's financial records for acc…
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