English for Business Studies Unit 19
cost accounting - answers calculating all the expenses involved in producing
something, including materials, labour and all other expenses
tax accounting - answers calculating how much an individual or a company will have to
pay to the local and national governments
auditing - answers inspecting and reporting on accounts and financial records
accounting - answers preparing financial statements showing income and expenditure,
assets and liabilities
managerial or management accounting - answers providing information that will allow a
business to make decisions, plan future operations and develop business strategies
creative accounting - answers using all available accounting procedures and tricks to
disguise the true finanacial position of a company
bookkeeping - answers writing down the details of transactions
income - answers all the money received from business activities during a given period
expenditure - answers all the money that a business spends on goods or services
during a given period
budget - answers a financial operating plan showing expected income and expenditure
asset - answers anything owned by a bussines - cash, buildings, machines, equipment,
etc.
liabilities - answers all the money that a company will have to pay to someone else in
the future, including debts, taxes and interest payments
debit - answers an entry in an account, recording a payment made
credit - answers an entry in an account, recording a payment received
cost accounting - answers calculating all the expenses involved in producing
something, including materials, labour and all other expenses
tax accounting - answers calculating how much an individual or a company will have to
pay to the local and national governments
auditing - answers inspecting and reporting on accounts and financial records
accounting - answers preparing financial statements showing income and expenditure,
assets and liabilities
managerial or management accounting - answers providing information that will allow a
business to make decisions, plan future operations and develop business strategies
creative accounting - answers using all available accounting procedures and tricks to
disguise the true finanacial position of a company
bookkeeping - answers writing down the details of transactions
income - answers all the money received from business activities during a given period
expenditure - answers all the money that a business spends on goods or services
during a given period
budget - answers a financial operating plan showing expected income and expenditure
asset - answers anything owned by a bussines - cash, buildings, machines, equipment,
etc.
liabilities - answers all the money that a company will have to pay to someone else in
the future, including debts, taxes and interest payments
debit - answers an entry in an account, recording a payment made
credit - answers an entry in an account, recording a payment received
