Unit 1: Vocabulary

Please study the 15 vocabulary below and press the 'Mark Complete' button.
US
UK
annual financial statements
the set of accounts which are prepared each year
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UK
Once a year the shareholders review the annual financial statements to see if the company made a profit or loss.
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UK
auditor
a specialist whose job is to carefully check the accounts and accounting practices of a company
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UK
The entire department were scared when the team of auditors arrived and asked to see all of the previous year's records.
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UK
bookkeeper
a person, who may or may not be qualified, that records the financial transactions of a business
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UK
A lot of smaller companies use bookkeepers for their daily accounting needs and only use an accountant for the yearly financial statements.

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