Please study the 20 vocabulary terms below. Then press the Mark Complete button to continue.
- arising from
- to happen because of, or owing to
- billable
- time spent working that you can charge money for
- commodity
- a product, or financial product that can be traded
- compliance
- the procedure of obeying a law, regulation or rule
- cottage industry
- a business activity in which there are many individuals or small firms working
- duplication
- the practice of doing the same thing more than once
- estimate
- to say what you believe the cost, size, value of something is when you are not certain
- In conjunction with
- combined with
- integrate
- to combine two or more things to make it more effective
- merge
- to join together, or be joined together - to make a larger company
- outsource
- to employ an outside company to do work for you
- prior
- before, previous
- range of
- a set of similar products or services which are sold by a company
- reallocation
- changing the way in which an amount of money, asset, time is used
- red tape
- official rules and procedures which seem unnecessary and cause delay
- speculate
- to guess, to form opinions without having all information
- stay afloat
- have enough to remain in business
- take into account
- to consider or remember something when evaluating a situation
- trend
- a general development or pattern in the way people behave
- undertake
- to do, or begin to do something
US
UK
US
UK
There are many costs arising from the purchase of new property.
US
UK
US
UK
Some firms charge a flat rate rather than using a system of billable hours.
US
UK
US
UK
The firms most valuable commodity is its property.
US
UK
US
UK
Most large accounting firms have a compliance officer to ensure that all regulations are followed.
US
UK
US
UK
Large multinational firms are killing off the cottage industry in most sectors.
US
UK
US
UK
The company used both traditional ledgers and an accounting computer program to record transactions, but the duplication of work took too much time so they stopped.
US
UK
US
UK
The government estimates that there are 3.5 million unemployed people in the country, but no one is sure.
US
UK
US
UK
The low number of graduates in conjunction with the high demand for their skills means finding a job is easy.
US
UK
US
UK
They are planning to integrate the sales and marketing departments.
US
UK
US
UK
When the two firms merged they became an industry leader.
US
UK
US
UK
A lot of bookkeeping work is outsourced to India as salaries are much lower.
US
UK
US
UK
He hadn't had any prior experience so he didn't know what he was doing.
US
UK
US
UK
The firm offers a wide range of accounting solutions.
US
UK
US
UK
The company's reallocation of funds from R&D into marketing, showed that they needed to improve their image.
US
UK
US
UK
International accounting is often delayed by red tape.
US
UK
US
UK
We can only speculate what accounting firms will look like in 200 years.
US
UK
US
UK
Many companies struggle to stay afloat in the current economic crisis.
US
UK
US
UK
The CFO didn't take the predicted rise in the price of fuel into account when budgeting for the year, so costs were higher than he expected.
US
UK
US
UK
By studying current trends, we can get an idea of what will happen next.
US
UK
US
UK
He needs to undertake correct budgeting practices.