Hi, my name is KHAWLA BOURTAL. I am 19 years old, and I have been studying at Ahuntsic College for two years. I am studying Accounting and Management Technology. I create this glossary to help students or people interested in Accounting and Management understand the meaning of 20 words related to Accounting or Management. Each word will have a definition, an audio pronunciation to help people say the word correctly, an example of how we can use the word in a sentence and some may even have an image.
accounting
noun
The systematic and comprehensive recording of financial transactions pertaining to a business.
Example: UK shoppers buy their groceries online more than any other country with Tesco ACCOUNTING for half of the purchases.
en: comptabilité
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.
Example: The rules require companies to assign current market values to the interest-rate swaps, options, and other derivatives they hold and to reflect any changes in their value on the BALANCE SHEET.
en: bilan
budget
noun
An estimate of income and expenditure for a set period in the future.
Example: SEN2 is a new product, thus a BUDGET $4000 needs to be spent on advertising to make consumers aware of the product.
en: budget
business
noun
The practice of making one's living by engaging in commerce.
Example: Profit and Loss Statement - Profit and Loss Statement is based on BUSINESS transactions.
en: entreprise
capital account
noun
That part of the balance of payments recording a nation's outflow and inflow of financial securities.
Example: The current account was opened in August 1994, and the CAPITAL ACCOUNT is cautiously, though gradually, being liberalized.
en: compte de capital
cash cycle
noun
The length of time between the purchase of raw materials and the collection of accounts receivable generated in the sale of the final product.
Example: In order to improve cash flow, the company implemented strategies to shorten the CASH CYCLE by reducing inventory and optimizing payment terms.
en: cycle de trésorerie
chart of accounts
noun
A created list of the accounts used by a business entity to define each class of items for which money or the equivalent is spent or received.
Example: When setting up their financial records, the company created a detailed CHART OF ACCOUNTS to categorize and track their income, expenses, assets, and liabilities.
en: plan comptable
cheque
noun
A printed form, used instead of money, to make payments from your bank account.
Example: There should be an option of other payment methods, such as for example sending a CHEQUE by post, if a customer does not want to pay online.
en: chèque
credit
noun
The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.
Example: Other groups include managers, employees, government, environmental group, local communities, providers of CREDIT, customers, suppliers etc.
en: crédit
customer
noun
A person or organization that buys goods or services from a store or business.
Example: Their CUSTOMER base is more diverse and the focus is on larger companies.
en: client
deposit slip
noun
A deposit slip is a small paper form that a bank customer includes when depositing funds into a bank account.
Example: I went to the bank this morning and filled out a DEPOSIT SLIP to deposit my paycheck.
en: bordereau de dépôt
dividend
noun
A sum of money paid regularly (typically quarterly) by a company to its shareholders out of its profits (or reserves).
Example: The DIVIDEND yield is falling each year, and the investment gaining less and less money.
en: dividende
employer
noun
A person or business that employs one or more people, especially for wages.
Example: It is more likely that the creation of railway routes was maintained as it acted as an EMPLOYER for British workers.
en: employeur
federal
noun
Pertaining to or of the nature of a union of states under a central government distinct from the individual governments of the separate states.
Example: Without the FEDERAL Reserve Bank of America and additional money from the involved banks, the hedge-fund would have gone bust.
en: fédéral
finance
noun
The management of large amounts of money, especially by governments or large companies.
Example: Assuming the early development program is successful, managers will then seek further rounds of FINANCE.
en: finance
financial statement
noun
A document showing credits and debits.
Example: The definition of a FINANCIAL STATEMENT is "the basic information used for financial control of an organisation" (Daft, 2002).
en: état financier
interest
noun
Money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.
Example: The home buyer puts up the other half of the closing costs and fee, and then pays INTEREST at 12 percent a year to the investor.
en: intérêt
net eranings
noun
The total revenue in an accounting period minus all expenses during the same period.
Example: After deducting expenses and taxes, the company's NET EARNINGS for the year amounted to $1 million.
en: bénéfice net
profit
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: The main objectives during the 7 periods have been to maximize PROFIT, sustain business growth, maximize market share and shares price and thus keeping the leading market position.
