This is a cost which relates to goods/services used in the financial period but for which a purchase invoice has not been received or it is dated after the end of financial periodĪccrued income – Accounting for sales of services provided during thefinancial year but which were not invoiced to customers until after the year endĭeferred income – The opposite of accrued income. Prepayments – Amounts charged in advance for a service used by the business, such as insurance or rent, which covers a period longer than the financial yearĪccruals – The opposite of a prepayment. Trade creditors/accounts payable – Amounts that are owed to suppliers Trade debtors/accounts receivable – Amounts that are owed by customers Net profit – The gross profit less overhead expenses, including finance costs and depreciation chargesįixed assets – Items such as machinery, motor vehicles or computer equipment that are not purchased for resale but are to be used in the business for longer than one year Gross profit – The difference between sales and the cost of goods/services that have been sold Profit and loss – A summary of the sales, costs and expenses for a specific period of time, usually a financial year Inevitably there are terms we use that are not familiar to all, so we’ve listed some below that you might hear from time to time when discussing accounts, along with a brief description of meaning: We also invest heavily in our systems to continuously improve our communication with our clients. We know that Accountants (probably closely following lawyers!) are amongst the worst offenders when it comes to talking in technical jargon.Ī4G are conscious of this, which is why we ensure that our down to earth, yet professional approach is in line with our mission statement – ‘to be the best all-round advisers to owner-managers’. “It’s (all) Greek to me”, (another frequently used Shakespearism), is a common response from many business owners and individuals who use finance or legal professionals. This brings us to the language of business and accounting. The only downside of such a rich language is its complexity, and the misunderstandings that can and often do arise. Many of Shakespeare’s sayings and phrases are still used in our everyday vocabulary – even by those of us who were less than fond of studying his works at school! Shakespeare has largely contributed to the diverse language we enjoy today and the abundance of words we have available to express ourselves. It is hard to think of anyone else who has had such an impact on the English language. Many of you will recognise the first line of Mark Antony’s famous speech in Shakespeare’ Julius Caesar, and yet not all of us could place it in context. PART IV: Putting Principles into PracticeĨ.We recently passed the 400 th anniversary of Shakespeare’s death, marking the occasion with celebrations of his long lasting influence. Reading from Slides and Talking with Chalk: Speaking in Private and Speaking in Public:ĭifferences between Writing and Speakingė5Ĥ. Introduction: Audiences Are Always RightėĢ. Contents may have variations from the printed book or be incomplete or contain other coding. Note: Contents data are machine generated based on pre-publication provided by the publisher. Table of contents for Lend me your ears all you need to know about making speeches and presentations Table of contents for Lend me your ears all you need to know about making speeches and presentations / Max Atkinson.īibliographic record and links to related information available from the Library of Congress catalog.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |