20 Here is my glossary. I hope you will learn new words! terms
Asset
noun
Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Example: He has many assets.
fr: Actif
Balance sheet
noun
It refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time.
Example: When the internet shut down, the accountant lost the balance sheet he was filling out.
fr: Bilan
Bank details
noun
Details such as bank name, account number, etc., which uniquely identify a bank account, and are used when making or receiving a payment, now especially electronically.
Example: Desjardins employees have access to our bank details.
fr: Informations bancaires
Bank reconciliation
noun
A bank reconciliation is the process of matching the balances in an entity's accounting records for a cash account to the corresponding information on a bank statement.
Example: I made a mistake in the bank conciliation I did last month.
fr: Conciliation bancaire
Bankrupt
noun
Bankruptcy is a legal proceeding involving a person or business that is unable to repay their outstanding debts.
Example: Several small businesses went bankrupt due to the pandemic.
fr: Faillite
Cash-flow
noun
It refers to the net amount of cash and cash equivalents being transferred in and out of a company.
Example: The manager would like to look at the cash flow statement.
fr: Flux de trésorerie
Creditor
noun
A person or company to whom money is owed.
Example: When someone goes bankrupt, creditors lose a lot of money.
fr: Créancier
Depreciation
noun
The reduction in value of a fixed asset due to use, obsolescence, etc
Example: The car depreciated in value.
fr: Dévalorisation
Dividend
noun
A sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
Example: I received 30$ of dividend from Canadian Tire yesterday.
fr: Dividende
Expense
noun
A cause or occasion of spending.
Example: The company has several expenses to come from the purchase of a building.
fr: Dépense
Financial contribution
noun
Bringing money into the company.
Example: The owner of the company made a financial contribution of $3000.
fr: Apport financier
Fix cost
noun
A type of expense, fixed costs do not change from month to month.
Example: Hydroquebec is a fix cost.
fr: Coût fixe
Macroeconomics
noun
Macroeconomics is a science of global economics.
Example: We learn macroeconomics in our economics classes.
fr: Macroéconomie
Net income
noun
In business and accounting, net income is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period.
Example: Last year our net income was 1 mllion.
fr: Revenu net
Payroll
noun
A list of employees to be paid, with the amount owed to each.
Example: The payroll is ready for the next pay.
fr: Registre des employés
Property tax
noun
Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation.
Example: I had to pay my property tax last week.
fr: Impôt foncier
Return on investment
noun
Return on investment (ROI) measures the efficiency of an investment, including the amount of return on an investment relative to its cost.
Example: Last year, we had a big return on investment compare to our competitor.
fr: Retour en investissement
Software
noun
A set of instructions, data or programs used to operate computers and execute specific tasks.
Example: The software we use in accounting is called Acomba.
fr: Logiciel
Stock market
Noun
A particular market where stocks and bonds are traded.
Example: Nowadays, many people want to invest in the stock market.
fr: Marché boursier
Yield
verb
The income produced by a financial investment, usually given as a percentage of cost.
Example: The yield of our new product is 5% of all our profits.
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