Hi, I'm an accounting student in my 2nd semester and I'm studying at Ahuntsic College.This glossary is for people who study in the domain of accounting.The 20 terms in this glossary will help people get familiarized with accounting.I found my words using Google define.
amortization
noun
The action or process of gradually writing off the initial cost of an asset.
fr: amortissement
asset
noun
Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
fr: biens
balance
noun
A condition in which different elements are equal or in the correct proportions.
fr: le solde
balance sheet
noun
A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
fr: bilan
capital
noun
Wealth in the form of money or other assets owned by a person or organization or available or contributed for a particular purpose such as starting a company or investing.
fr: capital
cash
noun
Money in coins or notes, as distinct from checks, money orders, or credit.
fr: en espèces
cash flow
noun
The total amount of money being transferred into and out of a business, especially as affecting liquidity.
credit
noun
An entry recording a sum received, listed on the right-hand side or column of an account.
fr: crédit
debit
noun
An entry recording an amount owed, listed on the left-hand side or column of an account.
fr: débit
dividend
noun
A sum of money paid regularly (typically quarterly) by a company to its shareholders out of it profits (or reserves).
fr: dividende
earning
noun
Obtain (money) in return for labor or services.
fr: revenus
finance
noun
The management of large amounts of money, especially by governments or large companies.
fr: la finance
income
noun
Money received, especially on a regular basis, for work or through investments.
fr: le revenu
interest
noun
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
fr: l'intérêt
liability
noun
A thing for which someone is responsible, especially a debt or financial obligation.
fr: les dettes
management
noun
The responsibility for and control of a company or similar organization.
fr: la gestion
profit
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
fr: profit
property
noun
A thing or things belonging to someone; possessions collectively.
fr: propriété
retained earnings
noun
The retained earnings of a corporation are the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period.
fr: des bénéfices non répartis
share
noun
One of the equal parts into which a company's capital is divided, entitling the holder to a proportion of the profits.