I have reached my second session in this program. In my class, I learn a lot of things, it's not just about Mathematics as many people think. We learn about how to work with several accounting sheets and properly account for the amounts. Also, we have Management and Marketing courses, because it's essential to know what is happening in the company to do our job well. In Accounting, we play with numbers, we need to know where to place them and why. We take care of several things: payroll, purchasing and sales, budget, invoices, reporting, etc. Finally, I think it is important to be structured and organized. This glossary will help you to understand many terms that are used in this course.
accruals
noun
In finance, the accrual of something such as interest or investments is the adding together of interest or different investments over a period.
Example: Accounts payable and ACCRUALS comprise the following.
en: charges à payer
assets
noun
The property and claims against debtors that a business enterprise may apply to discharge its liabilities. Assets may be fixed, current, liquid, or intangible and are shown balanced against liabilities.
Example: Consideration of the possibility of stranded ASSETS must be systematically expanded.
en: actifs
budget
noun
Your budget is the amount of money that you have available to spend. The budget for something is the amount of money that a person, organization, or country has available to spend on it.
Example: Consider trade-offs between evaluation quality and BUDGET.
en: budget
credit
noun
If you are allowed credit, you are allowed to pay for goods or services several weeks or months after you have received them.
Example: Banks also support non-profit CREDIT counseling services.
en: crédit
customers
noun
A customer is someone who buys goods or services, especially from a shop.
Example: Treat all Archives staff and other CUSTOMERS with courtesy.
en: clients
debit
noun
A debit is a record of the money taken from your bank account, for example when you write a cheque.
Example: Customers can purchase services with a DEBIT or credit cards.
en: débit
depreciation
noun
Depreciation is the decrease in the exchange value of one currency against another currency.
Example: DEPRECIATION is the decrease in the exchange value of one currency against another currency.
en: dépréciation
dividends
noun
Dividends are the part of a company's profits that is paid out to the shareholders.
Example: The company's acquisitions will eventually result in higher DIVIDENDS for shareholders.
en: dividendes
equity
noun
In finance, your equity is the sum of your assets, for example the value of your house, once your debts have been subtracted from it.
Example: Documented legal ownership and protection of assets and EQUITY is crucial.
en: capitaux propres
expenses
noun
Expenses are amounts of money that you spend while doing something in the course of your work, which will be paid back to you afterwards by an employer or be allowable against tax.
Example: Her airfare and motel EXPENSES were paid by the committee.
en: dépenses
journal
noun
A journal is a book in which transactions are recorded before they are entered into a ledger.
Example: The JOURNAL shows all purchases, sales, receipts, and deliveries of securities, and all other debits and credits.
en: journal
liabilities
noun
A company's liabilities are the sums of money which it owes, that are entered as claims on the assets shown on the balance sheet.
Example: Average LIABILITIES increased in most provinces in 2004.
en: passifs
marketing
noun
Marketing is the organization of the sale of a product, for example, deciding on its price, the areas it should be supplied to, and how it should be advertised.
Example: Annual Tourism Summit examines MARKETING and industry priorities.
en: marketing
pay
noun
Your pay is the money that you get from your employer as wages or salary.
Example: Holiday PAY was also counted until September 30.
en: paie
payment
noun
A payment is an amount of money that is paid to someone, or the act of paying this money.
Example: Thousands of its customers are in arrears with loans and mortgage PAYMENTS.
en: paiement
profit
noun
A profit is an amount of money that you gain when you are paid more for something that it cost you to make, get, or do it.
Example: We know that in business PROFIT is paramount.
en: profit
purchases
noun
The purchase of something is the act of buying it.
Example: Some of the receipts had been for the PURCHASE of cars.
en: achats
revenue
noun
It is the money that a company, organization, or government receives from people.
Example: The facilities generated $2.4 billion in REVENUE.
en: revenu
stockholder
noun
A stockholder is a person who owns shares in a company.
Example: He was a substantial STOCKHOLDER in the Quebec Fire Assurance Company by December 1819.
en: actionnaire
transaction
noun
A transaction is a piece of business, for example an act of buying or selling something.
Example: Each promotion promotes a purchase TRANSACTION or offers products and/or services.