It's the process of recording financial transaction to keep track of our money.
Example: Therefore any change to such control accounting systems within an organisation, as at C.C.C., will affect intra-organisational power as "they collect and manipulate information used in decision making"
fr: Comptabilité
Asset
noun
An asset is something that you own like buildings, machines, tools, money…
Example: f the Capital asset Pricing Model (CAPM) is used the firm's beta is required, as well as the market return and the risk free rate.
fr: Actif
Balance sheet
noun
It is a financial statement that reports a company's assets, liabilities, and shareholders' equity.
Example: However, it is used as more "reliable guide to the liquidity of a business than the current assets held at the balance sheet date".
fr: Bilan
Cashflow
noun
The amount of money moving into and out of a business.
Example: This is what differentiates a complex system from a time-based system The project manager must prepare a budget for the project and be aware of cashflow issues that may arise, so as to not bring the company into cashflow difficulties.
fr: Des flux de trésorerie
Customer
noun
It's someone who buy’s someone else's product. It can be a person or a company.
Example: To illustrate the difference between the two systems, Sloman (1996) uses the example of working out the amount of change to give to a customer in a shop.
If a customer is charged sixty pence for their purchase and gives the cashier one pound, the cashier may use their associative system to draw from their knowledge and automatically provide the answer of forty pence change.
fr: Client
Depreciation
noun
Depreciation represents how much of an asset's value has been decreased over time.
Example: Union officials feel that it might lead to the depreciation of this traditional institution.
fr: Dépréciation
Equity
noun
It’s the part that you own on a liability like a house.
Example: The problem of dilution is because the Venture Capitalist Company will try to get the majority of the stock equity and also may try to get the majority of the company ownership if things go well.
fr: Équité
Forecasting
verb
It's for predicting something, in accounting you predict how much your company is going to make or lose.
Example: Divide management team into individual responsibilities for each element of marketing mix Don't spend whole budget if returns don't cover the costs Target market where a bigger profit margin is obtainable forecasting is an inexact science and should be relied upon cautiously Need to target consumers on three dimension, psychological, functional and economic Report Contents: List of Figures and Appendices 1.
fr: Prévision
Income statement
noun
It's used for reporting a company’s financial performance over a specific accounting period.
Example: The three main financial statements are the Balance Sheet, the Cash Flow statement, and the income statement.
fr: Releve de revenue
Inventory
noun
An itemized list of current assets that are for sales.
Example: All three distribution channels are being utilised, mass merchandise, specialist and department stores No outstanding loans or R&D projects Advertising accounts for approx. 60% of budget Operating solely in Sonites market Suggested Future Plans: Increase advertising of SULI by 20% Increase Sales Force by 30 R&D possibility of entering Vodite market Lower production levels to reduce inventory Marketing Strategy Lessons Learnt: Carry out detailed analysis of market before launching R&D projects.
fr: Inventaire
Liabilities
noun
A liability is something that you owe that you are going to pay overtime.
Example: Jolly SU has no loan history and therefore has no liabilities in the form of loan repayments.
fr: Passif
Market value
noun
It’s the price that someone is willing to pay for your asset.
Example: The market for face makeup embodies 62.6% of the entire makeup market value in China, hence emphasizing the value of this finding.
fr: Valeur marchande
Payroll
noun
It’s a list of employees receiving salaries.
Example: An alternative which America has chosen to use is the Earned Income Tax Credit or EITC which is a refundable tax credit that reduces or eliminates the taxes that low-income working people pay (such as payroll taxes) and also frequently operates as a wage subsidy for low-income workers.
fr: Paie
Shareholder’s
noun
It’s a person who owns a part of the company.
Example: A shareholder and HiSA rep will be invited to all meetings if they so wish to keep abreast of developments.
fr: actionnaires
Supplier
noun
It’s someone or a company that provides you with merchandises.
Example: At a reduction of 30% off the current price, the price is reduced to £14.70 but the supplier is less reliable.
