Financial Statements


detail /ˈdiːteɪl/
(noun) a small individual fact or item; a less important fact or item
Example: The office manager detailed each step of the inventory process at the staff meeting

forecast /ˈfɔːrkæst/
(noun) a statement about what will happen in the future, based on information that is available now
Example: Analysts forecast a strong economic outlook

level /ˈlevl/
(noun) the height of something in relation to the ground or to what it used to be
Example: We have never had an accountant work at such a sophisticated level before

overall /ˌəʊvərˈɔːl/
(adjective) including all the things or people that are involved in a particular situation; general
Example: Overall, our costs are running true to prediction

perspective /pərˈspektɪv/
(noun) a particular attitude towards something; a way of thinking about something
Example: The budget statement will give the manager some perspective on where the costs of running the business are to be found

project /ˈprɑːdʒekt/
(noun) a piece of work involving careful study of a subject over a period of time, done by school or college students
Example: The director projects that the company will need to hire ten new employees his year

realistic /ˌriːəˈlɪstɪk/
(adjective) accepting in a sensible way what it is actually possible to do or achieve in a particular situation
Example: Stefano found that an accurate accounting gave him a realistic idea of his business's financial direction

target /ˈtɑːrɡɪt/
(noun) a result that you try to achieve
Example: We targeted March as the deadline for completing the financial statement

translation /trænzˈleɪʃn/
(noun) the process of changing something that is written or spoken into another language
Example: The translation of the statement from Japanese into English was very helpful

typically /ˈtɪpɪkli/
(adverb) used to say that something usually happens in the way that you are stating
Example: Office expenses typically include such things as salaries, rent, and office supplies

yield /jiːld/
(noun) the total amount of crops, profits, etc. that are produced
Example: The company's investment yielded high returns