Accounting Vocab
The movement of cash in and out of a business, showing how money is generated and spent. For instance, paying salaries reduces cash flow, while receiving client payments increases it.
Cash Flow
Present Simple vs Cont.
What's the difference in meaning in these two sentences?
- She handles the Zurich account
- She is handing the Zurich account
- She handles the Zurich account (it's part of her regular job)
- She is handing the Zurich account (it's a temporary situation)
back to square one
To start over from the beginning because a plan failed
The conference was very sensitive. It was a great success!
The conference was very sensible. It was a great success!
Sensitive: sensible
Sensible: sensato
A financial statement showing a company’s assets, liabilities, and equity at a specific point in time. For example, it shows how much a company owns versus what it owes.
Balance Sheet
Complete the sentence. Which tense is it? What's the use of this tense?
I __ (contacted) the client three times this week but I ___ (receive) a reply yet
I've contascted the client three times this week but I haven't received a reply yet
PRESENT PERFECT
1) actions set during unfinished time periods
2) experiences
3) recent past with present result
4) actions that started in the past but continue to now
in the loop
to be informed and updated about something
During the meeting, my coworker told me she is agree with me
During the meeting, my coworker told me she agrees with me
Do not use verb to be with "agree". It's not an adjective!
A system where every transaction affects at least two accounts, with debits equaling credits. For instance, paying a supplier reduces cash (credit) and increases expenses (debit).
Double-Entry Bookkeeping
Find the mistake:
I look forward to meet you
I look forward to meeting you
VERB PATTERNS
V + PREPOSITION + VERB WITH -ING
touch base
make contact with someone briefly to check in or update
She said me she was tired
She said she was tired
Say cannot be followed by a person
Say: message
Tell: person + message (she told me she was tired)
suppliers who are owed money for purchases not yet paid for
accounts payable
When do we use passive voice? Turn the following sentences into a PV
The client is reviewing the policy
The policy is being reviewed (by the client)
1) when we don't care who the doer is
2) when the doer is not relevant
3) when the doer is obvious
4) to make less personal
to do something unpleasant but necessary
Laura is responsible of this report
Laura is responsible for this report
It's always RESPONISIBLE FOR
The gradual allocation of an asset’s cost over its useful life. For example, a $10,000 computer used for five years might be depreciated $2,000 annually.
Depreciation
Complete de conditional. Is it first, second, third...?
If we ___ (miss), the client will cancel the deal
If we miss the deadline, the client will cancel the deal
FIRST CONDITIONAL
move the goalposts
change the rules or expectations unfairly
We discuss about the risks last week
We discuss the risks last week
Do not put ABOUT after "discuss"