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Englisch (Fach) / Terminology (Lektion)

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• All the money received from business activities during a given period minus costs income
• All the money that a business spends on goods or services during a given period expenditure
• A financial operating plan showing expected income and expenditure budget
• Anything owned by a business – cash, buildings, machines, equipment, etc. asset
• All the money that a company will have to pay to someone else in the future, including debts, taxes and interest payments liabilities
• An entry in an account, recording a payment made debit
• An entry in an account, recording a payment received credit
• A word describing a financial asset without a material existence, which cannot be touched intangible
• A word meaning delayed or postponed until a later time deferred (revenue)
• You borrow money debt
• Anzeige
• What owners invest equity
• A statement showing the value of a business’s assets, its liabilities, and its capital or shareholders’ equity (money that belongs to the business’s owners) balance sheet
• A statement giving details of money coming into and leaving the business, divided into day-to-day operations, investing and financing cash flow statement
• A statement showing the difference between the revenues and expenses of a period Income statement
• Preparing financial statements showing income and expenditure, assets and liabilities accounting
• A company’s owners are shareholders
• The amount of business done by a company over a year turnover
• The reduction in value of a Xxed asset during the years it is in use (charged against proXts) depreciation
• Sums of money owed by customers for goods or services purchased on credit accounts receivable
• Sums of money owed to suppliers for purchases made on credit accounts payable
• The value of raw materials, work in progress and Xnished products stored ready for sale stock / inventory
• The various expenses of operating a business that cannot be charged to any one product, process or department overheads/indirect costs
• Transactions are entered as a credit in one account and as a debit in another. Double-entry bookkeeping
• do not vary with output (e.g. rent) fixed costs
• vary with output (e.g. raw materials) variable costs
• can be attributed to a certain product or activity direct costs
• contain fixed and variable elements (e.g. heating). semi-variable costs
• not directly attributable to production/activity (e.g. administrative costs) indirect costs/overheads
• All the money belonging to the company’s owners shareholders equity
• Assets whose value can only be turned into cash with difficulty (e.g. reputation, patents, trademarks, etc.) intangible assets
• Anzeige
• Capital that shareholders have contributed to the company above the nominal or par value of the stock additional paid-in capital
• Expenses such as wages, taxes and interest that have not yet been paid at the date of the balance sheet accured expenses
• Money owed by customers for goods or services purchased on credit accounts receivable
• Money owed to suppliers for purchases made on credit accounts payable
• Money paid in advance for goods and services prepaid expenses
• Profits that have not been distributed to shareholders retained earnings
• Tangible assets such as offices, machines, etc. fixed assets
• The difference between the purchase price of acquired companies and their net tangible assets goodwill
• The total amount of money owed that the company will have to pay out total liabilities
• All other costs that have been invoiced during the period. These will include e.g. rent, professional fees expenses or overheads
• First summary on the account (= income less cost of sales). gross profit
• A non-cash expense that reduces the value of an asset (as a result of wear and tear, age or obsolescence=Veralterung). Depreciation
• This is interest and bank charges paid by a business within the accounting period. Interest
• Additional costs associated with the sales made (other than wages and cost of goods sold). other direct costs
• All costs directly associated with sales. (These may include the cost of the product purchased and wages.) cost of sales
• A calculation of gross profit less other direct costs. operating profit
• Net result of all invoiced income, less all invoiced expenses and purchases, interest paid and tax to be paid. Net profit/loss after tax
• The estimated amount of corporation tax on the business. tax
• In general this calculation is made separately so that company results can be compared with each other. Earnings before interest an tax (EBIT)
• Summarises all income from sales income/revenue

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