My name is Justine McKale, I'm 18 years old, and I'm an accounting student. I've been in this program for over a year now. In this program, we learn how to make a budget, balance sheets and many more. We also learn about taxes and what's good for companies. My glossary will be for accounting students like me. It will help me write a good text in English about accounting using detailed words. In this glossary, there are 20 words or concepts about my field of study. There is the definition of all these words, how to pronounce them, the translation in French and even how to use them in a sentence. I found the words for this glossary in my English book, and I found the definitions on Google. I would like you to use my glossary every time you have to write a text, and you want to have specific and useful words about accounting. With that, your text will be at a higher level.
(to) fund
verb
A sum of money saved or made available for a particular purpose.
Example: The government has agreed to fund our research for another year.
en: financer
added value
noun
The increased utility of a product as it passes through different production stages.
Example: The industrial added value growth rate may fall to break the record.
en: valeur ajoutée
amortize
verb
Reduce or pay off(a dept) with regular payments.
Example: The value of the machinery is amortized over its estimated useful life.
en: amortir
asset
noun
Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Example: Investors would rather see the company sell assets than raise the cash it needs through a rights issue.
en: actif
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.
en: bilan
cash flow
noun
The total amount of money being transferred into and out of a business, especially as affecting liquidity.
Example: The company ran into cash flow problems and faced liquidation.
en: marge brute
contract
noun
An agreement between two or more parties to do or not do something specified.
Example: If he breaks the contract, he'll be sued.
en: contrat
credit
noun
The deduction of a payment made by a debtor from an amount due.
Example: Tax credits have become a convenient vehicle for economic stimulation of targeted sectors and are far more acceptable politically than tax increases.
en: crédit
debtor
noun
Someone who owes a debt or obligation to someone else.
Example: The debtor agrees to pay the debt over a three-year period.
en: débiteur
discount
noun
A deduction from the usual cost of something, typically given for prompt or advance payment or to a special category of buyers.
Example: The store offers a two percent discount when customers pay in cash.
en: rabais
grant
noun
A sum of money given by a government or other organization for a particular purpose.
Example: They'd got a special grant to encourage research.
en: bourse
hike
noun
To increase the amount or cost of something, especially suddenly or by a large amount.
Example: The result of that price hike in 1973 was that we suffered a substantial fall in demand and had an over-capacity of electricity supply.
en: augmentation
loan
noun
A sum of money borrowed and expected to be paid back with interest.
Example: She needed money, so she asked her friend for a loan.
en: prêt
margin
noun
The difference between a sale price and a cost.
Example: The greater the margin, the greater the percentage of revenue you keep when you make a sale.
en: marge
net earnings
noun
The total revenue in an accounting period minus all expenses during the same period.
Example: The group has just reported a 70 percent drop in net earnings for its latest financial year.
en: bénéfice net
pension
noun
A regular payment made during a person's retirement from an investment fund to which that person or their employer has contributed during their working life.
Example: He retired on a generous pension from the company.
en: retraite
price cap
noun
A form of economic regulation that establishes an upper limit on the prices that a utility provider can charge.
Example: The government recently introduced a new price cap on essential goods to protect consumers during the pandemic.
en: montant plafond
profit
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: The profits are shared out equally among the partners.
en: profit
share
noun
A unit of account for the capital or stock of a company.
Example: Generally, a company’s board of directors is given a specific number of shares that can be issued.
en: action
tax
noun
A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
Example: A restaurant must charge a sales tax on the meals it sells.
