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Question		Answer
accounting start learning		the process of maintaining financial statements and balance sheets.
accountant start learning		a person or company whose job is preparing the financial records of people, companies, or organizations
Accountancy start learning		is the study of principles that guide the creation and use of financial records.
income income=revenue-cost start learning		money that is earned from doing work or received from investments
revenue start learning		money that a company receives, especially from selling goods or services
expenditure reduce/keep down/cut expenditure We're primarily concerned with keeping expenditure down. increase expenditure expenditure on sth We were forced to cut expenditure on R&D. start learning		the total amount of money that an organization or person spends
budget work on/draw up/establish a budget Corporate planners are busy drawing up a budget for the next fiscal year. The firm has drawn up a budget for the coming financial year. start learning		a plan that shows how much money an organization expects to earn and spend during a particular period of time, and how it will spend its money
financial statement prepare/publish a financial statement There are various procedures that must be followed when preparing financial statements. start learning		a report provided by a company for its shareholders and investors that shows details of its financial situation, and includes documents such as the profit and loss account and balance sheet audit/approve a financial statement The interim financial statement was approved by the board of directors at their meeting last week. The company's annual financial statement reported plans to spend up to $120 million on improvements.
asset start learning		something that is owned by a person, company, or organization, such as money, property, or land
liabilities pasywa, zobowiązania finansowe, start learning		all the money that a company will have to pay to someone else in the future, including debts, taxes and interest payments
debit debet (zapis wydatku z konta bankowego) start learning		an amount of money that is taken out of a bank account, etc.: an entry in an account, recording a payment made
credit kredyt start learning		the money lent by financial organizations to companies, governments, people, etc. an entry in an account, recording a payment received
debt dług start learning		the amount of money that is owed by a person, company, country, etc. and that they usually have to pay interest on
accrued należny, narosły (np. odsetki) start learning		adjective describing a liability which has been incurred but not yet invoiced to the company
tangible rzeczywisty (o korzyściach), materialny (o posiadłości), namacalny (o dowodzie) start learning		real, existing; able to be shown or experienced
deferred odłożony na później, przełożony, opóźniony start learning		delayed until a later time
receivable należności start learning		still to be received by the person or company to whom money is owed
payable płatny opłacalny należny, do zapłacenia start learning		used for saying how or when an amount of money should be paid
auditing kontrola finansowa firmy start learning		inspecting and reporting on accounts and financial records
bookkeeping księgowość, buchalteria start learning		the activity of keeping records of all the money a company spends and receives
cost accounting rachunek kosztów, ewidencja kosztów start learning		calculating all the expenses involved in producing something, including materials, labour and all other expenses
creative accounting kreatywna księgowość, kreatywna rachunkowość start learning		using all available accounting procedures and tricks to disguise the true financial position of a company
tax accounting rachunkowość podatkowa start learning		calculating how much an individual or a company will have to pay to the local and national governments (and trying to reduce this to a minimum)
managerial or management accounting start learning		providing information that will allow a business to make decisions, plan future operations and develop business strategies
balance sheet start learning		a statement that shows the value of a company's assets (= things of positive value) and its debts
cashflow statement start learning		a document that shows the money coming into and going out of a company during a particular period
Income statement/ profit-and-loss account start learning		a document that shows a company's profit or loss in a particular period of time
keep records start learning		prowadzić rejestr

Accounting and financial statements

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