Shares A mark that you are on of the owners of the company
Equities Certificates representing units of ownership of a company
Shareholders People who invest money
Share capital The money which the investors are part of the company, also the
money the investors invest in the company
Lend Money that investors give for short installment (termijn)
Bonds debt investment in which an investor loans money to a company
Working capital The total of current assets (minus short liabilities)
Funds The total of current assets (the money that a business uses for
everyday expenses)
Financial statement A full explanation about the financial situation of the company
Assets The things a company owns
Liabilities Money that will be owed
owed The money that will have to be paid (in schuld staan)
profit and loss account The total revenues and expenses during a particular period
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Accounting Recording and summarizing an organization’s transaction or business
deals like purchases and sales, and reporting them in the form of
financial statement
Recording Register things like transactions or business deals
Bookkeeping Day-to-day recording of transactions
Financial accounting Includes bookkeeping and preparing financial statements for
shareholders and creditors
Creditors People or organizations who have lent money to a company
Management accounting The use of accounting data by managers for making plans and
decisions
Auditing Examining (onderzoeken) a company’s system of control and the
accuracy or exactness of its records, looking for errors of possible
fraud
Accuracy How precise the information is/nauwkeurigheid
Fraud The company may have deliberately given information
Internal audit Carried out by company’s own accountants or internal auditors
Accounts Someone who records and summaries an organization’s transaction or
business deals like purchases and sales, and reporting them in the
form of financial statement
Internal auditors An independent, objective assurance and consulting activity designed
to add value and improve an organization's operations
External audit Done by independent auditors
Independent auditors Auditors who are not employees of the company
Creative accounting Recording transactions and values in a way that produces a false result
True and fair view Financial statements must give correct and reasonable picture of the
company’s current condition
Laws Things which are standard for every company, decided by the for
example the government
Follow rules
Standards Rules
Apply To put to use especially for some practical purpose
, Annual accounts An annual publication that public corporations must provide to
shareholders to describe their operations and financial conditions
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Bookkeepers Record company’s daily transactions
Transactions Retain where money come is and out at sales, purchases, debts,
expenses
Separate accounts Each type op transaction is recorded in this account, cash account in
the liabilities account
Double-entry System that records two aspects of every transaction
bookkeeping
Debit A deduction
Credit An addition
Raw materials The substances and components used to make products
Stock Goods ready for sale
Debtors Customers who owe money for goods or services purchased (kopen)
Day book A daily book of transaction with a summary in the main double-entry
records
Journals A daily/weekly book of transaction with a summary in the main
double-entry records
Nominal ledgers The main books of an account in Britain
Creditors Suppliers (leveranciers) to whom the company owes for purchase
made on credit
Bought ledger The creditors are recorded in this book
Debtors You give them money and they give it back
Creditors They give you money and you have to give it back
Accounting period A period where the accounting is based on
Trial balance A balance which transfers the debit and credit balances of different
accounts onto one page
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Bondholders (obligatiehouders) People who have a admission of the company
Accounting policies Their way of doing their accounts
Valuation Deciding how much something is worth
Measurement Determining how big something is
Conventions Accepted ways of doing things that are not written in a law
Consistency Use a consistent method at accounting policies unless there is a
good reason
Disclosed (onthullen) Show everything to the shareholders
Depreciation Reducing the value of assets in the company’s account
Provisions Amount of money deducted from profits
True and fair view More possibilities to present accounts but there is only one
possibility
Historical costs Companies record the original purchase of assets, and not their
(estimated) current selling price or replacement cost
Going concern A successful company that will continue to do business
Inflation accounting Some countries with regular high inflate use this system that
take account (rekening houden) of changing prices
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