IV English - Accounting Flashcards
Rachunek zysków i strat
Profit and loss account
Sprzedaż
Sales
Przychód
Revenue
Obrót
Turnover
Company’s gross sales or total revenue
The top line
Net income (net earnings, net profits)
The bottom line
Dochód
Income
Koszty sprzedanych towarów
Costs of goods sold / of revenue
Koszty operacyjne (administracji, reklamy, koszty ogólne)
Operating expenses (administrative, advertising, overheads)
Amortyzacja
Depreciation
Odsetki
Interest
Podatek
Tax
Dochód netto przed opodatkowaniem
Net income before tax
Net income after tax
Earnings, the bottom line
Dochód netto po opodatkowaniu
Net income after tax (earnings, the bottom line)
Dywidendy
Dividends
Zysk zatrzymany
Retained profit
Bilans
Balance sheet
Aktywa
Assets
Aktywa obrotowe
Current assets
Gotówka
Cash
Należności
Accounts receivable
Zapasy
Inventory
Aktywa trwałe
Fixed assets
Grunty
Land
Budynki
Buildings
Budynki
Property
Maszyny
Machinery
Wartości niematerialne i prawne
Intangible assets
Własność intelektualna
Intellectual property
Prawa autorskie, patenty, znaki towarowe
Copy rights, patents, trade marks
Zobowiązania i kapitał własny
Iiabilities & shareholders’ equity
Zobowiązania krótkoterminowe
Current liabilities
Zadłużenie bankowe
Bank debt
Zobowiązania
Accounts payable
Naliczone podatki i wynagrodzenia (RMKb)
Accrued taxes and expenses
Zobowiązania długoterminowe
Long-term liabilities
Hipoteka
Mortgage
Zobowiązania z tytułu obligacji
Bonds payable
Kapitał zakładowy
Share capital
Original shares issued by company
Share capital
Zysk zatrzymany (reinwestowany kapitał)
Retained profit (reinvested capital)
All the money received from business activities during a given period
Income
All the money that a business spends on good or services during a given period
Expenditure
A financial operating plan showing expected income and expenditure
Budget
Anything owned by a business
Asset
All the money that a company will have to pay to someone else in the future
Liabilities
An entry in an account, recording a payment made
Debit
An entry in an account recording a payment received
Credit
Sth without a material existence
Intangible
Liability which has been incurred but not yet invoiced to the company
Accrued
Delayed or postponed
Deferred
Calculating all the expenses involved in producing sth including materials, labour, and other expenses
Cost accounting
Calculating how much an individual or a company will have to pay to the local and national governments and trying to reduce this to minimum
Tax accounting
Inspecting and reporting on accounts and financial records
Auditing
Preparing financial statements showing income and expenditure, assets and liabilities
Accounting
Providing information that will allow a business to make decisions, plan future operations and develop business strategies
Management Accounting (managerial accounting)
Writing down the details of transaction (debits and credits)
Bookkeeping
Using all available accounting procedures and tricks to disguise the true financial position of a company
Creative accounting
A statement giving details of money coming into and leaving the business divided into day-to-day operations, investing and financing
Cash flow statement
A statement showing a difference between the revenues and expenses of a period
Income statement (Profit and loss account/statement)
A statement showing the value of a business’s assets, its liabilities and its capital or shareholders’ equity
Balance sheet (Statement of financial position)
All the money belonging to the company’s owners
Total shareholders’ equity
Capital that shareholders have contributed to the company above the nominal or par value of the stock
Additional paid-in capital
Expenses such as wages, taxes, and interest that have not yet been paid at the date of the balance sheet
Accrued expenses
Rozliczenia międzyokresowe kosztów czynne
Prepaid expenses
The difference between the purchase price of acquired companies and their net tangible assets
Goodwill
Loss in value (tangible assets)
Depreciation
Loss in value (intangible assets)
Amortization
Profits that have not been distributed to the shareholders
Retained earnings
Money received from investment
Interest income net
Money spent in order to produce income in the future
Research and development
The expenses specific to providing the company’s services
Cost of revenue
Additional expenses involved in running the company
Unusual expenses
Cash flow statements contain three categories:
Cash from operating activities, cash from investing activities, cash from financing activities
