Accounting

20 Accounting and Management technology terms

This glossary is about the program I've been studying in for the past 1 year: Accounting and Management technology. You will find definitions of some technical words that we use.

Accrued depreciation
Noun
In appraisal, accrued depreciation is the loss in value from reproduction or replacement cost new due to all causes except depletion, as of the date of appraisal.
Example: An accrued depreciation is related to a car.
fr: Amortissement
Asset
Noun
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity.
Example: A car
fr: Actif
Book value
Noun
Book value is the net value of a firm's assets found on its balance sheet, and it is roughly equal to the total amount all shareholders would get if they liquidated the company.
Example: If you bought a machine for $50,000 and its associated depreciation was $10,000 per year, then at the end of the second year, the machine would have a book value of $30,000.
fr: Valeur comptable
Cashflow
Noun
Cash flow refers to the net balance of cash moving into and out of a business at a specific point in time.
Example: A payroll is a cashflow.
fr: Flux de trésorerie
Chart of accounts
Noun
A chart of accounts (COA) is a list of financial accounts set up, usually by an accountant, for an organization, and available for use by the bookkeeper for recording transactions in the organization's general ledger.
Example: Can you please check the chart of accounts for me?
fr: Plan comptable
Chart of accounts
Disbursement
Noun
The payment of money from a fund.
Example: They established a committee to supervise the disbursement of aid.
fr: Décaissement
Equity
Noun
In finance, equity is ownership of assets that may have debts or other liabilities attached to them.
Example: He owns 62% of the group's equity.
fr: Capitaux propres
Fixed asset
Noun
Assets which are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment.
Example: A building is a fixed asset.
fr: Actif immobilisé
Income
Noun
Income is money that a person or a business receives in return for working, providing a product or service, or investing capital.
Example: My income is higher than last year.
fr: Bénéfice
Income statement
Noun
An income statement is a financial statement that shows you the company's income and expenditures.
Example: Interests are included in the income statement.
fr: Compte de résultat
Income statement
Invoice
Noun
A list of goods sent or services provided, with a statement of the sum due for these; a bill.
Example: I just sent an invoice for a customer.
fr: Facture
Invoice
Liabilitie and equity
Noun
The liabilities represent their obligations. Both liabilities and shareholders' equity represent how the assets of a company are financed.
Example: A bank debt is a liabilitie.
fr: Passif
Liabilitie
Overheads
Noun
Overhead refers to the ongoing costs to operate a business but excludes the direct costs associated with creating a product or service.
Example: An insurance is an overhead.
fr: Frais généraux
Payroll
Noun
A list of a company's employees and the amount of money they are to be paid.
Example: I just got my payroll.
fr: Paie
Payroll
Payslip
Noun
A note given to an employee when they have been paid, detailing the amount of pay given, and the tax and insurance deducted.
Example: Here is your payslip.
fr: Fiche de paie
Payslip
Prepaid expense
Noun
Prepaid expenses are future expenses that are paid in advance.
Example: The insurance can be a prepaid expense.
fr: Charge payée d'avance
Shareholder
Noun
An owner of shares in a company.
Example: Someone who owns stock in Apple is a shareholder.
fr: Actionnaire
Stocktaking
Noun
The action or process of recording the amount of stock held by a business.
Example: The store is closed for stocktaking.
fr: Inventaire
Supplier
Noun
A supplier is a person, company, or organization that sells or supplies something such as goods or equipment to customers.
Example: Target is my supplier.
fr: Fournisseur
Turnover
Noun
Turnover is an accounting concept that calculates how quickly a business conducts its operations.
Example: An example of turnover is when new employees leave, on average, once every six months.
fr: Chiffre d'affaire