11856138
Description
Flashcards by Sonam Bhuka, updated more than 1 year ago
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Created by Sonam Bhuka
almost 8 years ago
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| Question | Answer |
| ledgers | = Bücher, Konten: the place where information of the journals is accumulated in specific categories |
| trial balance | = Rohbilanz: summary of the ledger information to check whether the figures are accurate. used for preparing the main financial statements |
| P&L | profit & loss account: summarizes business activity over a period of time; starts with revenues and deducts all of the costs related to producing that revenue |
| balance sheet | = Bilanz: reports the company's financial condition on a specific date |
| asset | = Vermögensgegenstand: is anything of value owned by a business |
| liability | = Verpflichtung: is any amount owed to a creditor |
| share capital | = Stammkapital: representing the original investment in the business when shares were first issued |
| retained profit | = nicht ausgeschütteter Gewinn: = reserves that have accumulated over time |
| working capital | = Umlaufvermögen: the positive difference between current assets and current liabilities; cash to keep the business running |
| bad debts | = the non-payments |
| factoring | using an outside company to recover a debt |
| cost centres | discrete business units where budgets are spent |
| profit centres | units where profits are generated |
| variance analysis | comparing planned costs with actual costs |
| direct costs | = cost of goods sold, includes manufacturing costs, salaries of manual workers, etc.; can be identified with one particular product |
| indirect costs | = operating expenses/overheads: costs which result from the whole business, eg rent, utilities; |
| a) Depreciation b)Amortization | a) refers to the loss in value of a tangible asset (vehicle) b) refers to the loss in value of an intangible asset (licence, trademark) |
| inventory | is the value of raw materials & stock |
| fixtures | = Vorrichtungen: are part of a building that cannot be moved, such as lights |
| accrued | = aufgelaufen, angesammelt: refers to expensed which have been incurred, but the money is not yet paid; accrued salaries = future bonuses |
| a leverage | = Verschuldungsgrad: the extent to which a firm relies on debt financing rather than equity financing |
| capital expenditure | = Investitionsaufwand: costs of buying or upgrading physical assets like buildings and machinery |
| marginal costs | the costs of increasing output by one more unit |
| to plough back | = reinvestieren (z.B. profits) |
| a) in the ballpark b) deceptive | a) in der Grössenordnung b) trügerisch, täuschend |
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