20 If you like to work with numbers, solve problems and help make strategic business recommendations, than Accounting and Management Technology is a program for you. This program emphasizes studies in accounting, finance, management and computer applications terms
The purpose of this glossary is to define some terms that people in the industry use. Those terns will help you better understand field related concepts and conversations.
accounting
noun
The systematic and comprehensive recording of financial transaction pertaining to a business
Example: In terms of ACCOUNTING and cash-flow analysis the most important decisions to be made are at what point revenue and expenditure is recognised.
fr: Comptabilité
asset
noun
An asset is a resource with economic value that an individual or corporation owns or controls with the expectation that it will provide a future benefit
Example: This may happen since with the share of noise traders rising they (the arbitrageurs) demand a compensation for bearing the risk that the noise traders may become even more pessimistic about the risky ASSET and behaving in an irrational way by selling the ASSET out of pure misperception of information.
fr: Actif
bankruptcy
noun
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.
Example: Cash position is core to corporation when comparing with profit, for a company may loss in profit for several times, while facing BANKRUPTCY after exhausting cash.
fr: Faillite
bookkeeping
noun
The activity or occupation of keeping records of the financial affairs of a business.
Example: Bookkeepers record all financial transactions on a day-to-day basis. They make sure that a business’ financial records are up-to-date and accurate. Bookkeeping is part of accounting.
fr: Tenue du livre compte
break even
noun
Reach a point in a business venture when the profits are equal to the costs.
Example: The real business using marginal costing to calculate BREAK EVEN point, decide Make-or-Buy, determine marginal cost price etc., which are all helpful in making business decisions.
fr: Seuil de rentabilité
budget
noun
A budget is a way to balance income, expenses and financial goals for a specific length of time.
Example: The BUDGET must conform with organisational objectives for the farm to achieve its mission statement.
fr: Budget
business
noun
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities.
Example: My objective in this report is to explain how I have adapted the main functions of management to suit my BUSINESS and make the most of the resources available to me.
fr: Entreprise
capital
noun
Wealth in the form of money or other assets owned by a person or organisation or available or contributed for a particular purpose such as starting a company or investing.
Example: If available resources are indeed fully utilised, a South-South RTA may be able to promote growth by expanding the volume of investable funds, i.e. the availability of local private as well as public savings, and of foreign risk CAPITAL.
fr: capital
competitor
noun
A competitor is a person, company, team or entity that competes against another entity or person.
Example: Coca-Cola and PepsiCo, for example, are competitors.
fr: Concurrent
contract
noun
A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
Example: As I have not been in the position to sign the CONTRACTs I could only observe the work done by senior colleagues within this field.
fr: Contrat
cooperative
noun
A farm, business, or other organization which is owned and run jointly by its members, who share the profits or benefits.
Example: It has been observed that technical standard setting and patent pools potentially raise competition policy issues since they are established through a COOPERATIVE act among private companies in a free market.
fr: coopérative
debt
noun
Something, typically money, that is owed or due.
Example: Often, a significant part of their export revenues is used to pay back their large foreign DEBT.
fr: Dette
expences
noun
The cost required for something; the money spent on something.
Example: To build a personal budget, you need your EXPENCES and income.
fr: Dépenses
finance
noun
Finance is a term for matters regarding the management, creation, and study of money and investments.
Example: Nevertheless, agricultural technology transfer is in the agenda of many internal donors, such as the World Bank, which has just released a credit of US$100 million to China to help FINANCE a project which aimed to test innovative models for agricultural technology generation, transfer, and application; which is expected to generate additional farm income in China.
fr: Finance
firm
noun
A firm is a commercial enterprise, a company that buys and sells products and/or services to consumers with the aim of making a profit.
Example: This can help a FIRM build customer relationships and increase consumer confidence in the service as well as creating new distribution channels.
fr: Firme
headquarters
noun
The place or building serving as the managerial and administrative center of an organization.
Example: The FSA UK HEADQUARTERS are in London, but also has national offices in Scotland, Wales and Northern Ireland.
fr: Quartier général
income
noun
Money received, especially on a regular basis, for work or through investments.
Example: If it were assumed that the tax would influence consumer spending, despite the contrary being more probable, substitutions between foods faced by low INCOME families as a result of the tax might reduce a consumer's fat intake, lowering their risk of obesity related diseases but at the same time could pose other health risks such as malnutrition
fr: Revenu
investment
noun
The action or process of investing money for profit or material result.
Example: Furthermore, efficient credit allocation was hampered as funds were not always used by farmers for productive INVESTMENT.
fr: Investissement
management
noun
The members of the executive or administration of an organisation or business.
Example: As the farm manager, I must look carefully at resources, particularly staff.
fr: Gestion de l'entreprise
salary
noun
A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.
