Accounting Glossary
Accounting Glossary
Hi! My name is Bianca and I study Accounting at Ahuntsic College in Montreal. This is my second year, and I think I've found my field. I love math and financial, to understand how it works and to challenge myself. I'm not from Montreal and I wanted to go to university after, so I needed to learn the city and be comfortable with public transport, getting out of my comfort zone, having a new environment (new people I've never seen). This is a glossary of all the words I have found difficult to say or write. I hope this may help others as well. I'm thinking about going to UQAM, but I'm still not sure yet.
- asset
- noun
- An asset is a resource with economic value that an individual or company owns or controls with the expectation that it will provide a future benefit.
- Example: The lowest reasonable estimate of an ASSET 's value should be taken.
- en: actif
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- balance sheet
- noun
- The balance sheet provides information on a company's resources (assets) and its sources of capital (equity and liabilities/debt).
- Example: View the total value of the assets of all Federal Reserve Banks as reported in the weekly balance sheet.
- en: bilan
- bankruptcy
- noun
- Bankruptcy is a legal proceeding initiated when a person or business cannot repay outstanding debts or obligations.
- Example: Many companies were facing bankruptcy.
- en: faillite
- bill of lading
- noun
- A detailed list of a shipment of goods in the form of a receipt given by the carrier to the person consigning the goods.
- Example: The easiest way to quickly complete a bill of lading form and print it directly from your browser.
- en: connaissement
- bond
- noun
- A bond is a fixed-income investment that represents a loan made by an investor to a borrower, usually corporate or governmental.
- en: lier
- cooperative
- noun
- A farm, business, or other organization which is owned and run jointly by its members, who share the profits or benefits.
- Example: By their cooperative nature, each of the caisses in the Desjardins network is anchored in its neighbourhood and works to respond to its members' needs.
- en: coopérative
- depreciation
- noun
- Depreciation is an accounting method that determines a fixed asset's value is reduced over its useful life.
- Example: The depreciation of the dollar affected the British economy.
- en: dépriciation
- ledger
- noun
- A book or other collection of financial accounts of a particular type.
- Example: A general ledger is a record-keeping system for a company's financial data.
- en: Grand livre
- liabilities
- noun
- A thing for which someone is responsible, especially a debt or financial obligation.
- Example: The business has liabilities of 2 million euros.
- en: passif
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- mortgage loan
- noun
- A mortgage is an agreement between you and a lender that gives the lender the right to take your property if you don't repay the money you've borrowed plus interest.
- Example: He will have to take out a mortgage loan in order to buy the house.
- en: prêt hypothécaire
- mysterious shopper
- noun
- Someone employed by a company to check how its products or services are being sold by pretending to be a normal customer.
- Example: Mystery shoppers make an impact in their local communities by helping stores, restaurants, and banks become better places for consumers like you to visit.
- en: acheteur mysterieux
- net profit
- noun
- The actual profit after working expenses not included in the calculation of gross profit have been paid.
- Example: Learn what sets gross profit and net profit apart.
- en: bénéfice net
- rubric
- noun
- A heading on a document. A statement of purpose or function.
- Example: Many events will in fact generate an income to offset some of the expense - perhaps a registration fee, a commercial exhibition or sales of souvenirs.
- en: rubric
- trade fair
- noun
- An exhibition at which businesses in a particular industry promote their products and services.
- Example: With close to 100 trade shows and fairs, Quebec is beyond a doubt an excellent spot to hunt for new and unusual products.
- en: foire commerciale
- yield
- noun
- Yield is a measure of the profit that an investor will be paid for investing in a stock or a bond.
- Example: His investment approach is to seek out stocks that are relatively cheap, but are yielding a decent amount and this has produced steady returns.
- en: rendement
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