Glossary of Accounting and Management
Glossary of Accounting and Management
My field of study is Accounting and Management. Accounting is the action of process of keeping, recording, summarizing, analyzing and reporting financial transactions of a business. Management is the process of dealing with or controlling things from a company. This glossary is to familiarize me with the terms of my study program.
- Management
- noun
- The act of managing something; Those in charge of running a business.
- Example: Japanese management must learn how to deal with American workers, he said.
- fr: Direction, gestion, administration
- Accounting
- noun
- The action or process of keeping financial accounts.
- Example: An investigation into suspected false accounting.
- fr: Comptabilité
- Business
- noun
- The activity of providing goods and services involving financial and commercial and industrial aspects.
- Example: It is high time you started a new business.
- fr: Affaire, entreprise, commerce
- Financial
- adjective
- Involving financial matters; relating to finance.
- Example: My financial worries are past.
- fr: Financier
- Firm
- noun
- The members of a business organization that owns or operates one or more establishments.
- Example: There are many commercial firms in Canada.
- fr: Société, entreprise de commerce, firme
- Investment
- noun
- The act of investing; laying out money or capital in an entreprise with the expectation of profit.
- Example: Aside from his salary, he receives money from investments.
- fr: Investissement, placement
- Statement
- noun
- A message that is stated or declared; a communication setting forth particulars or facts etc;
- Example: To all appearance his statement was true.
- fr: Déclaration, rapport, déposition
- Economy
- noun
- The system of production and distribution and consumption.
- Example: A huge federal budget deficit has been plaguing the American economy for many years.
- fr: Économie
- Consultant
- noun
- An expert who gives advice.
- Example: I'm a management consultanf.
- fr: Conseiller
- Service
- noun
- Work done by one person or group that benefits another.
- Example: Millions are involved in voluntary service.
- fr: Service, travail, aide
- Outcome
- noun
- Something that results.
- Example: What was the outcome of the election?
- fr: Résultat
- Product
- noun
- An artifact that has been created by someone or some process.
- Example: Would you please send me details of your products via e-mail as an attachment?
- fr: Produit
- Production
- noun
- The act or process of producing something.
- Example: Car production in that year reached a record 10 million vehicles.
- fr: Production, création
- Profit
- noun
- The excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses)
- Example: The rise in houses prices enabled him to sell his house at a big profit.
- fr: Bénéfice, revenu, gain
- Benefit
- noun
- Financial assistance in time of need.
- Example: Advances in science don't always benefit humanity.
- fr: Avantage, profit, assistance
- Loss
- noun
- Something that is lost; gradual decline in amount or activity.
- Example: You must make up for the loss.
- fr: Perte
- Network
- noun
- A communication system consisting of a group of broadcasting stations that all transmit in the same programs.
- Example: With the development of networks a huge and unprecedented volume of messages flies around the world.
- fr: Réseau
- Tax
- noun
- Charge against a citizen's person or property or activity for the support of government.
- Example: The tax bore hard on the peasantry.
- fr: Impôt
- Accountant
- noun
- Someone who maintains and audits business accounts.
- Example: Allan was lucky and passed the tax accountant examination.
- fr: Comptable
- Tax expert
- noun
- An accountant who specializes in taxation and in the preparation of company and individual accounts.
- Example: Last year, I went to see a tax expert to do my taxes.
- fr: Fscaliste
- Planning
- noun
- The act of formulating of a course of action, or of drawing up plans.
- Example: Let's use our brains to the greatest extent possible and see what happens during the planning stages!
- fr: Planification
- Balance sheet
- noun
- A record of the financial situation of an institution on a particular date by listing its assets and the claims against those assets.
- Example: At the end of the year, an accountant makes a balance sheet of the company.
- fr: Bilan
- Financial statement
- noun
- A document showing credits and debits; written records that convey the business activities and the financial performance of a company.
- Example: The financial statement show how much Apple makes money every year.
- fr: rapports financiers
