Los mejores cursos GRATIS © AulaFacil.com
  • [Entrada Profesores]
  • Certificaciones
  • [Mi AulaFácil]
sábado, 18 agosto 2018 español
Síguenos
Publica tu curso
¿Cómo Funciona AulaFácil?

Accounting. Key vocabulary

Sonido

 

 

Key Vocabulary

 

imag1

 

Accounting deals with recording, summarizing and reporting a company's transactions. There are various types of accounting:

Financial accounting

Cost accounting

Managerial accounting

 

statement is a copy of the bank's account with you. It contains a record of the money paid into your account, money withdrawn, etc.

The balance is the total amount of money in your account.

balance sheet is a vital part of accounting. It shows your company's financial position at a particular point in time. It could indicate one business to be in a strong financial position and another to be in serious financial difficulties. By comparing balance sheets at different periods it is possible to find out the profit made.

Profit generation is the objective of a business and this requires the preparation ofprofit statements.

Resources, debts and owner's interests are known correspondingly as assets,liabilities and capital:

Assets - anything of value owned by a company.

Liabilities - financial obligations to outside parties such as a loan repayable to the bank.

Capital - the sum of money invested in a business by the owners/partners/shareholders, etc. Capital represents the rights of owners to the assets after the prior claims of outside parties (liabilities) have been satisfied in the event of the business closing.

 

E.g.

You set up a business with $1000. This money (Cash) is known as anAsset ($1000). The proprietor has introduced $1000 Capital.

The two are equal: Assets = Capital

One month later the owner buys a photocopier for $300. The business now has two assets:

Cash $700 + Photocopier $300 =Total: $1000 (Assets)

Capital introduced $1000 =Total: $1000 (Capital)

Six months later the owner decides to borrow $500 from the bank. The asset is increased. However, the company now owes the bank money.

Cash $1200 + Photocopier $300 =Total: $1500 (Assets)

This money owed to the bank is called a Liability:

Capital $1000 + Loan $500 = Total $1500 (Capital + Liabilities)

Therefore the Accounting Equation is:

Assets = Liabilities + Capital

Cost - money that is spent on maintaining a business. This includes wages, equipment, etc.

Expense - is a cost that benefits the company in an accounting period.

 
 

Questions

(Haga doble click sobre las preguntas ver las respuestas; un click vuelve a posición original)

quesstions

 
EN
 EscucharBorrar
Alternar entre idiomas
ES
Introduzca un texto arriba y pulse [INTRO] para traducirlo
 Escuchar
Gracias por compartir y gracias por enlazar la página
Compartir en Facebook
Acepto vuestra política de privacidad
Consentimiento Expreso para el tratamiento de datos de carácter personal recabados por vía electrónica (leer consentimiento)

¡Suscríbete GRATIS a nuestro boletín diario!:

Búsqueda personalizada
Existen nuevos mensajes en las siguientes salas de chat:

      Recibe gratis alertas en tu navegador, sin configuraciones ni registros. Más info...
      [No me interesa] | [Me Interesa]



      ¿Dudas? ¿Preguntas? Plantéalas en el foro
      Suscríbete Gratis al Boletín

      Escribir la dirección de Email:

      Acepto vuestra política de privacidad
      Consentimiento Expreso para el tratamiento de datos de carácter personal recabados por vía electrónica (leer consentimiento)

      Delivered by FeedBurner

      Destacamos
      Cargando datos...
      Buenos Artículos Diarios

      Sigue a AulaFácil en:

      Ránking Mundial Certificados
      Banner AulaFácil

      Este es un producto de AulaFacil S.L. - © Copyright 2009
      B 82812322 Apartado de Correos 176. Las Rozas 28230. Madrid (ESPAÑA)