常用会计英语词汇大全.pdf

常用会计英语词汇大全

Introduction

Inthefieldofaccounting,itisessentialtohaveagoodcommandof

theEnglishlanguageasmanyofthetermsandconceptsareexpressed

inEnglish.Thiscomprehensivelistofcommonlyusedaccountingterms

inEnglishwillhelpyoubuildyourvocabularyandenhanceyour

understandingofthesubject.Whetheryouareanaccounting

professionalorastudent,thislistwillbeavaluableresourceinyour

workorstudies.

1.BasicAccountingTerms

1.1Assets

Assetsrefertotheeconomicresourcesownedorcontrolledbya

company.Thesecanincludecash,accountsreceivable,inventory,and

property.

1.2Liabilities

Liabilitiesaretheobligationsordebtsthatacompanyowesto

externalparties.Thiscanincludeloans,accountspayable,andaccrued

expenses.

1.3Equity

Equityrepresentstheowners’clmtotheassetsofacompany.Itis

calculatedasthedifferencebetweenassetsandliabilities.

1.4Revenue

Revenuereferstotheincomegeneratedfromthesaleofgoodsor

services.Itisalsoknownassalesorturnover.

1.5Expenses

Expensesarethecostsincurredintheprocessofgeneratingrevenue.

Thiscanincludesalaries,rent,utilities,anddepreciation.

1.6Profit

Profitisthefinancialgnobtnedwhenrevenueexceedsexpenses.Itis

oftenreferredtoasnetincomeorearnings.

1.7BalanceSheet

Abalancesheetisafinancialstatementthatprovidesasnapshotofa

company’sfinancialpositionataspecificpointintime.Itliststheassets,

liabilities,andequityofthecompany.

1.8IncomeStatement

Anincomestatement,alsoknownasaprofitandlossstatement,

showstherevenuesandexpensesincurredoveraspecificperiodof

time.Itprovidesasummaryofacompany’sfinancialperformance.

1.9CashFlowStatement

Acashflowstatementshowstheinflowsandoutflowsofcashduring

asp