Hi, my name is Raphael Dallaire. I am a 18 years old and I have been studying at College Ahuntsic for one years. I was studying in biology for the last year, but I recently change course. I am now studying in Accounting and Management. I have create this glossary to help student who do not understand the meaning of certain words in the world of Accounting and Management. I'm going to give them 15 words related to Accounting and Management. Each word will have example and audio pronunciation to help student to improve. Some of . the word will even have image to help student
account payable
noun
Is the money a company owes to vendors or suppliers for goods and services purchased on credit, representing a short-term, current liability on the balance sheet.
Example: The accounts payable department is responsible for paying the company’s bills on time.
en: compte à payer
amortize
noun
To amortize means to gradually reduce or pay off a debt, cost, or expense over a period of time through regular payments or allocations.
Example: The company plans to amortize the cost of the new equipment over five years.
en: amortir
asset
noun
Assets are economic resources owned or controlled by individuals or businesses that hold monetary value and are expected to provide future financial benefits.
Example: Well diversified portfolio is not measured by the asset 's standard deviation or its variance.
en: actif
capital account
noun
A capital account refers to either a section in a nation's balance of payments recording international ownership changes in assets, or an equity account in business accounting tracking an owner's investment, profits, and withdrawals.
Example: The owner invested $20,000 into the business, which increased his capital account.
en: compte de capital
cash flow
noun
Cash flow is the net amount of cash and cash equivalents moving in and out of a business or personal account over a specific period.
Example: An increase in free cash flow is useful for the investors as they can immediate benefit.
en: flux de trésorerie
chart of accounts
noun
A Chart of Accounts is a structured, indexed list of every financial account in a company’s general ledger used to categorize transactions.
Example: The accountant created a detailed chart of accounts to organize all the company’s financial transactions.
en: plan comptable
contract
noun
A written or spoken agreement, especially one concerning employment, sales, or tenancy, that is intended to be enforceable by law.
Example: Henry Maine also considered ideas of the family in his objection to Rousseau's Social CONTRACT.
en: contrat
credit
noun
Credit is the ability to borrow money under the agreement that you'll repay the debt later.
Example: Customer Database Amazon.co.uk holds a large volume of personal data about its customers on its customer database, including names, contact details, and credit debit card details.
en: crédit
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".
en: acompte
goodwill
noun
Goodwill is an intangible asset representing the extra value a company has beyond its physical assets, such as a strong brand, loyal customer base, or good reputation.
Example: The company recorded goodwill after acquiring its competitor for more than the fair value of its assets.
en: bonne volonté
loan
noun
A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
Example: She took out a loan from the bank to start her own business.
en: prêt
mortgage
noun
A mortgage is a secured loan used to purchase or refinance real estate, where the property acts as collateral.
Example: They took out a mortgage to buy their first house.
en: hypothèque
pension
noun
A pension is a retirement plan, often employer-sponsored, that provides a regular, ongoing income after you stop working, usually starting around age 55 or later.
Example: After working for 30 years, he now lives comfortably on his pension.
en: pension
stock
noun
A supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer...
Example: He bought stock in a technology company and hopes its value will increase.
en: action
tax
noun
A tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
Example: Citizens must pay tax on their income every year.
