accounting /əˈkaʊntɪŋ/
(n) the process or work of keeping financial accounts
Example: Good accounting is needed in all businesses
(n) the process or work of keeping financial accounts
Example: Good accounting is needed in all businesses
accumulate /əˈkjuːmjəleɪt/
(v) to gradually get more and more of something over a period of time
Example: They have accumulated more than enough information
(v) to gradually get more and more of something over a period of time
Example: They have accumulated more than enough information
asset /ˈæset/
(n) a person or thing that is valuable or useful to someone or something
Example: The company's asset are worth millions of dollars
(n) a person or thing that is valuable or useful to someone or something
Example: The company's asset are worth millions of dollars
audit /ˈɔːdɪt/
(n, v) an official examination of business and financial records to see that they are true and correct
Example: The independent accountants audited the company's books
(n, v) an official examination of business and financial records to see that they are true and correct
Example: The independent accountants audited the company's books
budget /ˈbʌdʒɪt/
(n, v) the money that is available to a person or an organization and a plan of how it will be spent over a period of time
Example: The company will have to budget more money for this department next year
(n, v) the money that is available to a person or an organization and a plan of how it will be spent over a period of time
Example: The company will have to budget more money for this department next year
build up /'bildʌp/
(v) to increase over time
Example: The firm has built up a solid reputation for itself
(v) to increase over time
Example: The firm has built up a solid reputation for itself
client /ˈklaɪənt/
(n) a customer
Example: We must provide excellent services for our clients, otherwise we will lose them to our competition
(n) a customer
Example: We must provide excellent services for our clients, otherwise we will lose them to our competition
debt /det/
(n) a sum of money that someone owes
Example: The banks are worried about your increasing debt
(n) a sum of money that someone owes
Example: The banks are worried about your increasing debt
outstanding /aʊtˈstændɪŋ/
(adj) extremely good; excellent
Example: She has outstanding debts of over £500.
(adj) extremely good; excellent
Example: She has outstanding debts of over £500.
profitably /ˈprɒfɪtəbli/
(adv) that makes or is likely to make money
Example: We invested in the stock market profitable
(adv) that makes or is likely to make money
Example: We invested in the stock market profitable
reconcile /ˈrekənsaɪl/
(v) to find an acceptable way of dealing with two or more ideas, needs, etc. that seem to be opposed to each other
Example: The accountant found the error when she reconcile the account
(v) to find an acceptable way of dealing with two or more ideas, needs, etc. that seem to be opposed to each other
Example: The accountant found the error when she reconcile the account
turnover /ˈtɜːnəʊvə(r)/
(n) the total amount of goods or services sold by a company during a particular period of time
Example: An annual turnover of $75 million
(n) the total amount of goods or services sold by a company during a particular period of time
Example: An annual turnover of $75 million