31-60 Flashcards
An … consists of a number of … (ads) … in
various media.
advertising campaign / advertisements / run
… is an informal way of talking about … of a company.
the bottom line / the results
… show unit sales, and …. the money resulting from
these sales.
sales figures / sales revenues
… (or overheads) include the regular costs of running a business,
like telephone bills.
overhead costs
Many businesses introduce … to be more competitive.
cost-cutting measures
‘…’ are also referred to as ‘…’ or ‘…’.
Planned expenditure is budgeted in a …
costs / expenses / expenditure/ budget
The … is the difference between the .. of goods and their …, without taking into account other costs such as marketing and
general overheads.
gross margin / selling price / production cost
The … is the difference between its total costs and its sales revenues.
profit margin
A product … when sales reach a level where …
breaks even / revenues match costs
Amounts that a business is waiting to be paid by its customers are …
accounts receivable(s)
Customers … are … and suppliers waiting to be paid are
…
owing money / debtors / creditors
Money that a company owes to its suppliers is called …
A firm without sufficient … will have …
accounts payable(s) / working capital / liquidity problems
A business … or in … can … money.
in the red / need of finance / borrow
The … will expect …, charged at a …
lender / interest for the loan / percentage rate
Some … fail to … Things of value to a
firm are its …
borrowers / make (debt) repayments on time / assets
… include cash, receivables, bank deposits, …
current assets
… include land, plant, buildings and furniture.
fixed assets
Debts to lenders form part of a …
company’s liabilities
Assets and liabilities are normally on a firm’s … : a photograph taken,
normally once a year, of its … . … shows the value
of a business’s assets, its liabilities, and its capital or shareholders’ equity (= money the
business has that belongs to its owners).
balance sheet / financial situation / the balance sheet
A company’s performance is its results, presented in the form of a … indicating whether the company has … or a loss. The profit and
loss account shows the difference between the revenues and expenses of a period.
A … is calculated before tax is taken into account.
profit and loss account / made a profit / the profit and loss account / pre-tax profit
The accuracy of accounts is checked and guaranteed by … , outside accountants who specialize in this.
auditors or chartered accountants
Sometimes … are brought in to … and make them successful again, or …
company doctors / turn (a) round companies in difficulty / put them back on their feet again
Unsuccessful companies may … , … or …
(informal).
go out of business / go bankrupt / bust
… (administrateurs judiciaires, curateurs) are specialised accountants
called in to find someone to rescue the company.
receivers
Companies needing money for development may raise capital on the …
by selling shares.
stock market
… is when you match the right invoice with the right payment.
reconciliation
… : adjective describing something without a material existence, which
you cannot touch
intangible
… = adjective describing a liability which has been incurred but not yet
invoiced to the company
accrued
… = delayed or postponed until a later time
deferred
… = preparing financial statements showing income and expenditure,
assets and liabilities.
accounting
… = inspecting and reporting on accounts and financial records.
auditing
… = calculating all the expenses involved in producing something,
including materials, labour, and all other expenses.
cost accounting
… = writing down the details of transactions.
bookkeeping
… = using all available accounting procedures and tricks to
disguise the true financial position of a company (= window dressing).
creative accounting
… = providing information that will allow a business to
make decisions, plan future operations and develop business strategies.
management accounting
… = calculating how much an individual or a company will have to
pay the local and national governments.
tax accounting
