Angol Flashcards
(53 cards)
Collateral
Something of value that secures a loan and if borrower cant pay lender sells it to pay off the loan
Operating cash flow
The mney generated from a businesses normal activities
Ceedit limit
Max amount that a bank will lend to a cistomer
Portfolio
All the securities and financial assets held by a financial inatitution or an individual
Margin
The difference between the IR a lender pay & IR it charges its borrower
Cost of funds
Price (ir) that a financial institusion must pay for the use of money
Overhead costs
Expenses of operating a business that are not directly related to individual products or services (electricity)
Bookkeeping
Recording transactions in ledgers
Assets
Anything owned by a company
Tax accounting
A process of calculating how much tax a company has to pay
Auditing
Checking financial records
Cost accounting
Determining the unit cost of a manufactured product
Financial accounting
Keeping financial records and preparing financial statements
Management accounting
Using a companys accounting data by its managers for planning amd control
Bookkeepers
Not qualified
Boring work
Records transactions in ledgers
Management accountant
Interprets bookkeepers recordings
Senior accountants at financial controller
Use accounting data to make decisions about how the business could proceed
Internal auditing
Make sure that the management has control over whats going on in the company
External auditing
verifoes is the published statements are true
Profit & loss account
Income statement
Balance sheet
What the company has and what he owes
Standing order
Inkaso
Lucrative
Profitable activity
Trend
General development or change in a situation
