My name is Nicolas Chamberland and I'm 21 years old. I have been studying Accounting and Management for one year. This glossary will be for everyone who wants to learn more words relate to Accounting and Management. What is Accounting and Management? Well, it's how you know if your business is in a good shape or not. In this glossary, there will be 20 terms with definitions, a small audio to how to pronounce it and also, a translation in French. The method I used to find the words for this glossary and the definitions are by using my English book. Also, what I want you do to next is to try to memorize most of these words because it'll help you in the future.
accounting
noun
The systematic and comprehensive recording of financial transactions pertaining to a business.
en: comptabilité
amortize
noun
Reduce to pay off (a debt) with regular payments.
en: amortir
asset
noun
An item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
en: atout
balance sheet
noun
A financial statement that summarizes a company's assets, liabilities and share-holders' equity at a specific point in time.
en: bilan
budget
noun
An estimate, often itemized, of expected income and expense for a given period in the future.
en: budget
credit
noun
The deduction of a payment made by a debtor from an amout due
en: crédit
customer
noun
A party that receives or consumes products (good or services) and has the ability to choose between different products and suppliers.
en: client
debt
noun
Something, typically money, that is owed or due.
en: dette
discount
noun
A deduction from the usual cost of something.
en: rabais
finance
noun
The management of revenues; the conduct or transaction of money matters.
en: finance
general ledger
noun
A complete record of the financial transactions over the life of a company.
en: grand livre général
interest
noun
A charge for a loan, usually a percentage of the amount loaned.
en: intérêt
license
noun
Authorize the use, performance, or release of something.
en: permis
loss
noun
The result of selling assets for a price lower than the original purchase price.
en: perte
net income
noun
A company's total earnings, also called net profit. Net income is calculated by subtracting total expenses from total revenues.
en: revenu net
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.
en: découvert
profit
noun
A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
en: profit
share
noun
A unit of account for the capital or stock of a company.
en: action
trial balance
noun
A business document in which all ledgers are compiled into debit and credit columns in order to ensure a company’s bookkeeping system is mathematically correct.
en: balance d'essai
wage
noun
Money that is paid or received for work or services, by the hour, day or week.