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Question		Answer
keeping financial records and prepering financial statements start learning		financial accounting
determining the unit cost of manufactured products including indirect costs start learning		cost accounting
calculating how much tax an individual or a company should pay - or trying to reduce this figure start learning		tax accounting
the use of company’s accounting data by its managers for planning and control start learning		management accounting
anything owned by a business - cash, buildings, machines, equipment, etc. start learning		assets
the money that a company receives from supplying goods and services start learning		income
the money that company spends start learning		expenditure, expenses
money that a company will have to pay to someone else- bills, debits, interests, taxes start learning		liabilities
recording transaction (purchases and sales) in ladgers start learning		bookkeeping
checking ang evaluating financial records start learning		auditing
A charge for arranging a transaction (e.g. buying or selling securities) start learning		Commission
A charge for a service performed by a bank start learning		Fee
Payment for an insurance policy start learning		Premiums
A reduction in the value of the asset, charge against profits start learning		Amortization
Adjective meaning after all deductions have been made start learning		Net
Adjective meaning for a whole group of companies start learning		Consolidated
Adjective meaning one year or less in financial statements start learning		Short - term
Part - ownership (less than 50 %) of other companies start learning		Minority interests
Things of a value that cannot be physically touched, such as reputation (goodwill), brand names and trademarks start learning		Intangible assets
The not worth of a company the amount by which exceed liabilities start learning		Shareholders’ equity

ang semestr II

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