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Accounts, accountancy and accountants

account

noun

a detailed record that a business keeps of the money it receives and spends in a particular period of time

accounts

noun

the part of an organization that keeps records of the money it receives and spends

account for

to say how you have used, or how you will use, an amount of money that you are responsible for spending, especially in your job

accountancy

noun

the work or profession of an accountant

accountant

noun

someone whose job is to prepare financial records for a company or person

accounting

noun

the work of accountants or the methods they use

accounting package

noun

a piece of software that a business uses to organize its financial records

accounts payable

noun

a record of how much money a company owes other people or companies for goods and services

accounts receivable

noun

a record of how much money customers owe a company for goods and services

annual report

noun

a document that gives details of the financial activities of a company or other organization over the past year

assessor

noun

someone whose job is to calculate the cost or value of something, for example so that tax can be paid on it

auditor

noun

someone whose job is to officially examine the financial records of a company, organization, or person to see that they are accurate

balance sheet

noun

a written statement showing the value of a company at a particular time

base currency

noun

a currency that a business uses in its accounts and for buying and selling

bean counter

noun

a business manager or accountant who cares only about financial numbers and profits

books

noun

records of the money that an organization or business has earned and spent

bookkeeping

noun

the job of recording an organization’s financial accounts

book value

noun

the official or expected value of a company or product, as calculated in accounts or stated in information about prices

budgetary

adjective

relating to a budget

cash flow

noun

the rate at which a business takes in money through sales and pays it out for the things it needs to continue operating

certified public accountant

noun

a chartered accountant

CFO

noun

Chief Financial Officer: the person in charge of the financial policy and decisions in a company

chartered accountant

noun

an accountant who has passed a professional examination

comptroller

noun

someone whose job is to look after the financial aspects of an organization

controller

noun

someone whose job is to manage an organization’s money

CPA

noun

certified public accountant: an accountant with all the necessary qualifications

creative accounting

noun

the practice of showing financial information in a way that gives a false idea but is not illegal

environmental accounting

noun

a way of calculating the cost of a business decision that includes all its good and bad effects on, for example, the environment and people’s health, as well as the direct costs

false accounting

noun

the crime of deliberately giving false information in a company’s accounts

financial year

noun

a period of twelve months that a company or organization uses to calculate how much profit it has made and how much it owes. The American word is fiscal year.

fiscal

adjective

relating to how an organization plans to spend money during a particular period

fiscal year

noun

a financial year

full cost accounting

noun

environmental accounting

gearing

noun

the relationship between what a company owns and what it owes

ledger

noun

a book that contains the financial records of a business

liquid assets

noun

the money that a company has, and anything else that can easily be sold in order to get money

management accounting

noun

the activity of preparing and using financial information to support management decisions

position audit

noun

an examination of how well a company or organization is doing, done in order to help it to plan for the future

profit and loss account

noun

a document that shows how much money was received and spent by a company during a particular period of time, and whether or not it made a profit

quarter

noun

one of four periods of three months that the year is divided into, especially when you are talking about financial accounts

receivables

noun

amounts of money that a company is owed, which count as its assets

results

noun

a financial document showing a company’s performance during a particular period of time

tangible

adjective

tangible properties or tangible assets are real things that a company has, such as buildings or equipment

value added

noun

the amount by which the value of a product increases as it goes through the different stages of being made and sold

value added

noun

the difference between the profit of a business before tax is paid, and its costs paid to other businesses

working capital

noun

the money that a business has available for immediate use

write-down

noun

a reduction in the value of the assets that a company owns

bookkeeper

noun

fiscally

adverb

balance the budget/books

to do calculations to check or show that you have not spent more money than you have received

cook the books

to change accounts and figures dishonestly, usually in order to get money

emoji

a small digital image … which is used in electronic communication to express emotion or other simple concepts

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Open Dictionary

major on (doing) sth

to have or do a lot of something; to focus on a particular thing

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