My field-related glossary

10 10 words related to my future job terms

This glossary was created for me with specific and relevant vocabulary for my future job. It brings together 10 key terms that I am likely to encounter frequently in my professional field. By defining and understanding these words, I hope to later have a solid foundation to better understand the concepts and discussions related to my future role.

Break-even point

Noun

The break-even point corresponds to the minimum level of activity from which a company's activity becomes profitable, i.e. the moment from which the revenue obtained covers all of the costs incurred by it. Beyond this threshold, the company is deemed to enter the profit zone.

Example: Allegations include cutting fares beyond the BREAK-EVEN POINT, hence operating at a loss in an attempt to run smaller competing carriers into the ground and capacity 'dumping' on selected routes.

fr: Le seuil de rentabilité

Confidentiality

noum

Confidentiality is defined by the International Organization for Standardization as “ensuring that information is accessible only to those whose access is authorized,” and is one of the cornerstones of information security.

Example: CONFIDENTIALITY - is ensuring that only authorized people have access to the information. To achieve CONFIDENTIALITY, cryptosystems need to be developed and deployed.

fr: Confidentialité

Depreciation

noun

a reduction in the value of an asset with the passage of time, due in particular to wear and tear.

Example: It is stated in the 'Accounting Policies' section of the Annual Report that "DEPRECIATION is calculated by reference to original cost at fixed percentages assuming effective useful lives". This is a common way of handling DEPRECIATION, but should be remembered when comparing Renold's performance to other companies.

fr: Amortissement

Financial statement

noun

Financial statements are a set of documents that show your company’s financial status at a specific point in time. They include key data on what your company owns and owes and how much money it has made and spent.

Example: It is aligned with what people forecast and forecasts of residual earnings can be validated in subsequent audited financial statements. Impact of different accounting practices: Accounting analysis is concerned with adjusting historical FINANCIAL STATEMENT data to reduce the impact of inappropriate accounting policies and manipulation on predictions of future fundamental performance.

fr: États financiers

Forecast budget

Noun

A budget forecast is a type of forecast that takes its inputs from the budget for the upcoming fiscal period. Once a budget is created and expectations are formed for the upcoming year, a forecast is created to model what the budgeted values should achieve.

Example: The shortcoming of exponential smoothing is hard to find optimum exponent if FORECAST BUDGET and time are constrained and limited.

fr: Le budget prévisionnel

Internal control

noun

Internal control is a system implemented by the management of an administration to enable it to control the risky operations that must be carried out by it. Its resources are therefore measured, directed and supervised so as to enable management to achieve its objectives.

Example: The former is linked to external market control exercised by shareholder and the latter refers to the INTERNAL CONTROL exercised by various stakeholders such as banks, employees and public institutions and so on.

fr: Le contrôle interne

Key performance indicators

Noun

A quantifiable measure used to evaluate the success of an organization, employee, etc. in meeting objectives for performance.

Example: We aimed to be first to market with a Vodite product to benefit from the advantages of this policy; "A sometimes insurmountable advantage gained by the first significant company to move into a new market" Our Sonite products were not ideally targeted to any segments and thus other factors of the marketing mix where to used to drive sales. [accessed February 7th 2005] CONTENTS CURRENT COMPANY POSITION The company position will be analysed mainly on the basis of 4 KEY PERFORMANCE INDICATORS; Market Share, Retail Sales, Contribution and Shareholder Value (SPI and ROI)

fr: Indicateurs clés de performance

Solvency

Noun

the possession of assets in excess of liabilities; ability to pay one's debts

Example: The necessary condition for SOLVENCY: This says that in a world where the nominal interest rate, r, exceed the nominal growth rate of the economy, x, the government must make sure that the primary budget (g-t) has a surplus or that money creation is sufficiently high to stabilise the debt-GDP ratio.

fr: Solvabilité

sustainable development

Noun

Economic development that is conducted without depletion of natural resources.

Example: In this context, the present study aims to briefly revise the literature on adult education and critically analyse the current learning approach adopted by ISNAR, a division of IFPRI, since the organization "seeks to foster policy, institutional, and organizational change to enhance the impact of innovations on food security, poverty reduction, economic growth, and SUSTAINABLE DEVELOPMENT" (IFPRI's Website)

fr: Le développement durable

Working capital

Noun

Working capital is a notion of equity in the functional balance sheet of a company. There are two levels of working capital: overall net working capital and financial working capital. When nothing is specified, the notion of “working capital” refers to the overall net working capital.

Example: Working capital can be included in the funds invested, but the profit disclosed by the financial accounts if often used to calculate the return.

fr: fonds de roulement