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Question		Answer
a way of allocating costs to products according to the different activities they require start learning		activity-based costing
the real amount paid or incurred, as opposed to an estimated or standard cost start learning		actual cost
a bookkeeping entry made at the end of an accounting period to assign income or expenses to a differeent period start learning		adjusting entry
the tasks involed in managing, controlling or operating a business start learning		administration
a person who acts for or represents or negotiates purchases and sales for another person start learning		agent
see ANNUAL GENERAL MEETING start learning		AGM
a bill of lading used in airfreight start learning		airbill/airway bill
a measure of the performance of an investment, adjusted for the risk related the specific security, rather than the overall market start learning		alpha
depreciating or writing off an intagible asset over its projected life start learning		amortization
a wealthy individual who provides capital for a start-up company start learning		angel/angel investor
british term for a yearly meeting with the directors to which companies have to invite all shaholders start learning		ANNUAL GENERAL MEETING (AGM)
US term for AGM start learning		annual meetings of stockholders
a document sent to shareholders givibg details about a company’s activities in the preceding year, and financial data organized into financial statements start learning		annual report
see conpetition authority start learning		antitrust authority
legislation to prevent companies foarming large, potentially monopolistic combinations start learning		antitrust laws
to rise in price or value start learning		appreciate
the increase in the value of an asset start learning		appreciation
a document stating the rules and regulations of a company, setting out shareholders’ rights, direstirs’ duties, etc start learning		Articles of Association/ Bylaws
a business that is recognized as a legal entity with duties and rights, that is separate from the actual persons who run and own it start learning		artificial person
the price at which a trader will sell a currency start learning		ask
something of value owned by a business and used to generate income start learning		asset
dividing up an investor’s portfolio into different classes of investments start learning		asset allocation
all the tangible assets held by a company or an individual investor start learning		asset base
an alternative name for WEALTH MANAGMENT start learning		asset management
acquiring a poorly performing or undervalued company and then selling off the assets at a profit start learning		asset-stripping
an alternative term for insurance, often used with life insurance start learning		assurance
see AUTOMATED TELLER MACHINE start learning		ATM
reviewing and evaluating financial records start learning		auditing
a person eho reviews and evaluates financial records start learning		auditior
a report on a company’s accounts written by external auditors start learning		audit report
the economic situation during a period in which the governament reduces its spending, increases taxation etc start learning		austerity
an alternative US term for AUTHORIZED SHARE CAPITAL start learning		authorized capital stock
an independent distributor given the right to sell a company’s products in a particular area start learning		authorized dealer
the maximum amount ofa particular type of share a company can issue according to its MEMORANDUM OF ASSOCIATION or CERTIFICATE OF INCORPORATION start learning		authorized share capital/ authorized capital stock
see ACTIVITY - BASED COSTING start learning		ABC
describesa bond with a market price higher than its face value start learning		above par
the ability to produce a partucular good more cheaply than any other country start learning		absolute advantage
see FULL COSTING start learning		absorption costing
deducting most of the cost of a capital investment from taxable profits during the first years of use start learning		accelerated depreciation
see ENDORSE start learning		accept
a statement of money paid or owned; a record of changes in the value of assets, liabilities, etc an arrangement with a firm that allows credit for payments start learning		account
the profession or business of an account start learning		accountancy
a person responsible for reporting and analyzing a business’s financial transactions start learning		accountant
another name for bookkeeper start learning		accounting clerk
a business is an accounting unit separate from its owners and their oersonal transactions start learning		accounting/economic/separate antity assumption
on a balance sheet: assets= liabilities+ owners’ equity start learning		accounting equation
a twelve-month period that constitutes an organizations’ financial year start learning		accounting period
basic rules of accounting that should be followed in preparing accounts and financial statements start learning		accounting principles
rules for reporting accounting data in financial statements that are used in a particular country start learning		accounting standards
an organization’s set of accounting recirds fir a particular period start learning		accounts
another name for bookkeeper start learning		accounts clerk
amounts of money owned to suppliers for purchases made on credit start learning		accounts payable/creditors
amounts of money owned by customers for goods or services sold on credit start learning		accounts receivable/ debtors
a system of accounting in which revenue is recognized (or recorded) when it is earned and expenses are recognized when they are incurred start learning		accural basis
an expense that has occurred and been recorded on a balance sheet, but has not yet been paid start learning		accrued expense
to grow by way of regular additions start learning		accumulate
the total depreciation of tangible asset up to a specific date start learning		accumulated depreciation
liquid asset divided by current liabilities start learning		acid test ratio/quick ratio
to buy, gain, get, recieve or take possession of something; to take over a company by buying its stock to make an acquisition start learning		acquire
to takeover of a company by buying the majority of its stocks start learning		acquisition
the actual on an investment relative to an average or benchmark start learning		active return
buying and selling assets and changing a portfolio frequently start learning		active strategy

strona 102 i 103

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