Hi, my name is Hamza I am 17 years old and it is my second year as a college student. I made this glossary to help me with the definition and understanding of certains terms related or not to my field of study (Accounting). Accounting can help companies with their financial situation by provinding them monthly reports. To help me find some words, I will just use some words that I know well in french that I want to understand well in english too. These words, will be mostly related to my field of study.
amortize
verb
Gradually write off the initial cost of (an asset) over a period.
Example: They want to amortize the tooling costs quickly.
fr: amortir
assets
noun
Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
"growth in net assets".
Example: This company has a lot of assets because they have a lot of buildings.
fr: Actifs
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 strong currency has helped the balance sheets of Brazilian companies with international aspirations.
fr: bilan
bankruptcy
noun
Money borrowed from a bank.
Example: Many companies were facing bankruptcy.
fr: faillite
breakeven point
noun
The breakeven point (BEP) is the moment a company's operations stop being unprofitable and starts to earn a profit.
Example: After years of losing money the company has finally reached the break-even point and we hope to make a profit soon.
fr: point mort
cash flow
noun
The total amount of money being transferred into and out of a business, especially as affecting liquidity.
Example: We were able to maintain a steady cash flow.
fr: des flux de trésorerie
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charge off
noun
A charge-off means a company has written off a debt because it does not believe it will receive the money that it's owed.
Example: The company charged off $120 million worth of bad credit-card debt in the third quarter.
fr: amortir
chart of accounts
noun
A chart of accounts is a financial organizational tool that provides a complete listing, by category, of every account in the general ledger of a company.
Example: There are resources set up in various areas such as Finance Management which has IRS forms, accounting manuals and unified chart of accounts.
fr: plan comptable
debtor
noun
A debtor is a person who owes a specific debt (usually money) to another person.
Example: The ten biggest debtors have been overpaid 1.7million.
fr: débiteur
deferred revenue
noun
Deferred revenue is money received in advance for products or services that are going to be performed in the future.
Example: The payments collected from the customer would remain in deferred revenue until the customer has received in full what was due according to the contract.5 août 2024.
fr: revenus différés
down payment
noun
An initial payment made when something is bought on credit.
Example: It had taken their savings to make the down payment on a house.
fr: acompte
goodwill
noun
The established reputation of a business regarded as a quantifiable asset, as represented by the excess of the price paid at a takeover for a company over its fair market value.
Example: The plan is dependent on goodwill between the two sides.
fr: bonne volonté
gross profit
Noun
Gross profit on a product is the selling price of your product minus the cost of producing it. For a service business, it's the selling price of your service minus the cost of the time spent doing the job.
Example: Both Audi and Hyundai show a relatively stable gross profit margin. However, Hyundai has higher gross profit margin almost by twice showing that it has been having a better net profit than Audi for three consecutive years.
fr: Bénéfice brut
mortgage
noun
A legal agreement by which a bank or other creditor lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Example: I put down a hundred thousand in cash and took out a mortgage for the rest.
fr: hypothèque
overdraft
Noun
A loan arrangement under which a bank extends credit up to a maximum amount against which a current checking account customer can write checks or make withdrawals.
Example: Other measures include increased overdrafts and credit card limits.
fr: Découvert bancaire
residual value
noun
The residual value, also known as salvage value, is the estimated value of a fixed asset at the end of its lease term or useful life.
Example: Conversely, the aircraft's residual value at the end of the lease is an important consideration for the owner.
fr: valeur résiduelle
running cost
noun
Money you need to spend regularly to keep a system or organization working.
Example: Half of the funding for the running costs of the projects is provided by the government.
fr: Coût de fonctionnement
solvency
noun
The possession of assets in excess of liabilities; ability to pay one's debts.
Example: The company was confident that solvency could be maintained.
fr: solvabilité
tangible asset
adjective and noun
A tangible asset is an asset that has a finite, transactional monetary value and usually a physical form.
Example: People believe in the value of tangible assets such as buildings, but prices do not always go up.
fr: actif corporel
transfer pricing
noun
Transfer pricing is an accounting practice that represents the price that one division in a company charges another division for goods and services provided.
Example: Bic will charge a transfer price of between 20 cents and 80 cents per pen to its subsidiary.
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