Accounting and Management Technology Glossary
Accounting and Management Technology Glossary
20 terms
The field of study that my glossary is made for is the accounting and management technology program. This program is for the people that want to work in accountability or be a business manager. You can have a lot of different jobs option after you graduate especially if you go to the university after that, because this program is a DEC/BAC program. So, if you decide to go to the university after that, you can become a marketing director, a finance director, or a manger for example. I made this glossary because I think it can help students to understand some of the complex words related to this program and the accounting in general. It can also be a good reminder to use for your homework, because sometimes those words can be hard to reminder what they mean.
- accounting
- The process of recording, classifying, and summarizing financial transactions to provide information that is useful for decision making.
- amortization
- A process gradually reduces the value of a loan or intangible asset over a period of time.
- analysis swot
- A technique to determine the good and the bad aspects of your products and business in general.
- annual Budget
- A plan for a company's projected expenditures over the course of a year.
- bank feeds
- A feature of cloud accounting software that automatically imports bank transactions into the system.
- bank reconciliation
- The process of comparing a company's records of its bank account balance to the bank's records of the same account.
- business metric
- A quantifiable measure business use to track monitor and assess the success of failure of various business processes.
- cash-flow
- The total amount of money being transferred into and out of a business, especially as affecting liquidity.
- compliance
- The process of ensuring that a company's financial practices are in line with legal and regulatory requirements.
- cost volume profit analysis
- A financial planning tool leaders use to create effective short-term business strategies.
- depreciation
- A reduction in the value of an asset with the passage of time, due in particular to wear and tear.
- down payment
- An initial payment made when something is bought on credit.
- equity
- The amount of money that an owner and/or shareholders has invested in a business.
- life-cycle cost analysis
- A tool used to compare the total user and agency costs of competing project implementation alternatives.
- margin
- A company's ratio of profit to revenue.
- payroll taxes
- Taxes that employers and employees pay on salaries and wages and remit to the government.
- price modeling
- Refer to the methods you can use to determine the right price for your products.
- sales forecast
- An estimate of expected sales revenue within a specific time frame, such as quarterly, monthly, or yearly.
- sales management scorecards
- A way to track sales rep performance and tie it specifically to the team's development and goals. It gives you a method of tracking salespeople historical results.
- working capital
- The difference between the company's current assets such as cash and accounts receivable and its current liabilities such as accounts payable and current debts.