This is a summary for the course English: Tax and Accounting in the third year of Accountancy & Taxation at Artevelde University. It incorporates the familiar vocabulary of the articles The Future CFO. If you would like to have the Word file instead of the PDF version, feel free to send me a messag...
ACCOUNTING AND TAX: Special Times Report The Future CFO
WORD TRANSLATION MEANING
The rate at which customers stay with a business in a given period of time. A
company's ability to turn customers into repeat buyers and prevent them from
Client retention Klantbehoud switching to a competitor.
1.
Example: The company implemented a customer loyalty program to improve
client retention and reduce customer churn.
A financial management system where accounting software and data are hosted
on cloud infrastructure, allowing users to access their accounting information
Cloud-based accounting Cloud-gebaseerd over the internet.
2. system boekhoudsysteem
Example: The company migrated from a traditional accounting system to a cloud-
based accounting system for greater flexibility and accessibility.
The process of comparing a company's bank statement with its own accounting
records to ensure that the balances match.
3. Bank reconciliation Bankafstemming
Example: The accountant spent hours on bank reconciliation to identify any
discrepancies between the company's records and the bank statement.
Transactions involving traditional currencies issued by governments, such as
dollars, euros, or yen, as opposed to cryptocurrencies.
4. Fiat transactions Fiat transacties
Example: Most everyday transactions, like buying groceries or paying bills, are fiat
transactions conducted with regular currency.
5.
, A form of business financing where a company uses its outstanding invoices or
Factuurfinanciering accounts receivable as collateral to obtain a loan.
6. Invoice financing
Example: The small business opted for invoice financing to improve cash flow
while waiting for clients to settle their invoices.
Companies that fall between small and large enterprises in terms of size, revenue,
Bedrijven in het and market capitalization.
7. Mid-market businesses middensegment van de
markt Example: Mid-market businesses often face unique challenges as they strive for
growth while maintaining flexibility.
Information related to atmospheric conditions, weather patterns, and other
climatic phenomena.
8. Meteorological data Meteorologische gegevens
Example: Meteorological data is crucial for predicting weather events and making
informed decisions in agriculture and transportation.
A business strategy focused on achieving rapid expansion without significant
consideration for profitability or long-term sustainability.
9. Growth at all costs Groei tegen elke prijs
Example: Some startups prioritize growth at all costs, often at the expense of
financial stability.
A prolonged period of rising stock prices and overall optimism in the financial
markets.
10. The bull run De stierenmarkt
Example: Investors enjoyed substantial gains during the recent bull run in the
stock market.
Signs or omens that are believed to predict future events.
11. A portent Een voorteken Example: The sudden drop in consumer spending served as portents of an
economic downturn.
12. An enactment Een (wettelijk) besluit The process of putting a law or regulation into effect through official procedures.
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