Accounting and Management Technology Glossary

Hi, my name is Jana. I am 19 years old, and I go to Ahuntsic College. I have been studying Social Science with Mathematics for a year and a half. My program prepares me to enter the Accounting and Management Technology field. This glossary contains words frequently used in this field and helps to define words that are maybe confusing. It contains business terms, parts of speech, pronunciations, definitions, automatic translations to French, images, and authentic example sentences from the Lextutor Concordancer.

account: noun; A record of statement of financial expenditure or receipts relating to a particular period or purpose.; Example: The ledger contains all the income and expense ACCOUNTS.; fr: compte
Accounting: noun; The systematic and comprehensive recording of financial transactions pertaining to a business.; Example: Goal setting is often seen as a complex and difficult to sustain when dealing with complex jobs such as research or ACCOUNTING, which are not always easy to measure, being clearly the case of ISNAR.; fr: Comptabilité
balance sheet: noun; A financial statement that summarizes a company's assets, liabilities and share-holders's equity at a specific point in time; Example: The rules require companies to assign current market values to the interest-rate swaps, options, and other derivatives they hold and to reflect any changes in their value on the BALANCE SHEET.; fr: bilan
bankruptcy: noun; A legal proceeding involving a person or business that is unable to repay outstanding debts.; Example: Many companies were facing BANKRUPTCY.; fr: faillite
budget: noun; An estimate, often itemized, of expected income and expense for a given period in the future.; Example: In the 1980s, when the government wanted to reduce its BUDGET deficit (YeungLamKo, 1998), the subsidies on consumer prices of rice and wheat flour were phased out (Gulhati and Nallari, 1990).; fr: budget
credit: noun; The deduction of a payment made by a debtor from an amount due.; Example: Some of the largest German corporations began to rely less on bank CREDIT and more on equity markets to raise capital.; fr: crédit
debt: noun; Something, typically money, that is owed or due.; Example: This does not help especially they are struggling in terms of DEBT (which they owe 3.97billion USD).; fr: dette
discount: noun; A deduction from the usual cost of something.; Example: Many stores will offer a DISCOUNT on bulk purchases.; fr: remise
employer: noun; A person or business that employs one or more people, especially for wages.; Example: The National Health Service was the largest EMPLOYER in Europe.; fr: employeur
investment: noun; The action or process of investing money for profit.; fr: investissement
loan: noun; A sum of money borrowed and expected to be paid back with interest.; Example: A bank LOAN also increased the overall cash flow available for the company's use.; fr: prêt
loss: noun; The result of selling assets for a price lower than the original purchase price.; Example: Therefore, enteric diseases are the largest cause of economic LOSS to the UK cattle industry and have a large effect on calf welfare.; fr: perte
margin: noun; The difference between a sale price and a cost.; Example: If a lower customer MARGIN is offered, the customers might be unhappy to take it and sell in their stores.; fr: marge
mortgage: noun; A debt instrumental that is secured by the collateral of specified real estate property and that the borrower is obliged to pay back with a predetermined set of payments.; Example: I put down a hundred thousand in cash and took out a MORTGAGE for the rest.; fr: hypothèque
profit: noun; A financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.; Example: A supermarket cannot continue to operate if it does not make any PROFIT and so it is essential to know how to increase the total revenue.; fr: profit
purchase: noun; Acquisition through the payment of money or its equivalent.; Example: The success of a firm is not based on just getting people to buy the product or service, it's getting them to repeat their PURCHASE.; fr: achat
salary: noun; A fixed amount periodically paid to a person for regular work of services; Example: Today businesses are still using SALARY as a will influencing factor on their employees.; fr: salaire
shareholder: noun; An owner of shares in a company.; Example: A large SHAREHOLDER may free ride on insider information such as growth opportunities by exploiting them through his her share and control in another firm.; fr: actionnaire
tax: noun; A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.; Example: Higher TAXES will dampen consumer spending.; fr: impôt
wages: noun; Money that is paid or received for work or services, by the hour, day, or week.; Example: If the workforce is quite influential it might receive greater benefits and higher WAGES.; fr: salaires