My name is Ismaël, I've been studying Accounting for 3 years now. This glossary will be for the students in Accounting and help them with new words that they don't know about.
accounts receivable
noun
Money owed to a company by its debtors.
Example: It's too many accounts receivable.
en: Compte client
Accruals
noun
The accumulation or increase of something over time, especially payments or benefits.
Example: All debts must be frozen with no further accrual of interest.
en: régularisations
Assets
noun
Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
Example: Growth in net assets.
en: Actifs
Audit
noun
An official inspection of an individual's or organization's accounts, typically by an independent body.
Example: Audits can't be expected to detect every fraud.
en: Audit
Bookkeeping
noun
The activity or occupation of keeping records of the financial affairs of a business.
Example: I got in a financial muddle because I didn't keep my bookkeeping up to date.
en: Tenue de livre
cash flow
noun
The total amount of money being transferred into and out of a business, especially as affecting liquidity.
Example: Yesterday, I had to calculate the cash flow
en: Flux de trésorie
deferral
noun
The postponement of the date that an expense already paid or incurred, or of a revenue already received, is entered in the ledger.
Example: "they agreed to a deferral of industrial action.
en: report
depreciation
noun
A reduction in the value of an asset with the passage of time, due in particular to wear and tear.
Example: Provision should be made for depreciation of fixed assets.
en: Amortissement
diversification
noun
In finance, diversification is the process of allocating capital in a way that reduces the exposure to any one particular asset or risk.
Example: Growers should start planning diversification of crops.
en: diversification
Equity
noun
The value of the shares issued by a company.
Example: He owns 62% of the group's equity.
en: Capitaux propres
Expenses
noun
The cost required for something; the money spent on something.
Example: We had ordered suits at great expense.
en: Dépenses
Financial statement
noun
Financial statements are written records that convey the financial activities of a company.
Example: I like to do financial statements.
en: état financier
forecast
noun
Prospective financial statement that are an entity's expected financial position, results of operations, and cash flows.
Example: Yesterday, we did a forecast about this year's revenue.
en: prévision
Ledger
noun
A book or other collection of financial accounts of a particular type.
Example: I wrote all the numbers in the ledger.
en: registre
Liability
noun
A thing for which someone is responsible, especially a debt or financial obligation.
Example: He has a lot of liabilities.
en: Passif
liquidity
noun
Available money on hand to pay bills when they are due and to take care of unexpected needs for cash.
Example: These are my liquidities
en: liquidité
outstanding Check
noun
A check that has been written by the drawer and deducted on his or her records but has not reached the bank for payment and is not deducted from the bank balance by the time the bank issues its statement.
Example: He gave me an outstanding check.
en: chèque impayé
petty Cash
noun
A small amount of cash that a company keeps on hand to pay for minor expenses in an office.
Example: I got 500$ in the petty cash
en: Petite caisse
reconciliation
noun
Comparison of two numbers to demonstrate the basis for the difference between them.
Example: He aims to bring about a reconciliation between assets and expenses.
en: rapprochement
variance
noun
Deviation or difference between an estimated value and the actual value.
