Unit 17: Vocabulary

To imagine or expect that something will happen.

Shareholders are anticipating a record dividend payment this year.

Large or noticeable enough to have a significant effect.

The crisis has had an appreciable effect on the financial market.

Caused by or connected to.

The company's success is attributable to the new CEO's leadership.

The final line in the accounts, the net profit or loss made by a company.

The CFO is working on minimizing the effects of the scandal on the bottom-line.

The figure at which neither profit nor loss is made.

By calculating the cost of production, we found the breakeven point of $5.35 per item.

A plan that shows how much money you have or will have, and what it will be spent on.

Corporate planners are preparing the budget for the next financial year.

To divide things into groups according to their type.

Costs are classified into two groups, direct and indirect.

The process in which all costs are examined.

Most large companies use cost accounting to help save money and maximize efficiency.

The process of minimizing any expenses due from direct business activity.

In times of hardship, cost reduction is essential to a company's success.

Any expenses due as a direct result of business activity.

By looking at costs incurred on a particular product, we can see where money can be saved.

The possibility that something can be made, done or achieved or is reasonable.

The management accountant is looking into the feasibility of outsourcing bookkeeping.

To put into effect.

The new legislation will be implemented next year.

The idea that expenses should be allocated to a revenue stream where possible.

The matching principle should be followed in order to reach accurate net income figures.

Existing as an idea or as an approximate amount.

I'm sorry, I cannot give you an exact figure, but the notional amount is 560,000.

The imagined loss made due to not following a certain course of action.

We cannot afford to expand into both markets so please find out the opportunity cost of expanding into Iran instead of Iraq.

In general rather than in particular.

We need to study the overall costs and locate an area in which savings can be made.

To calculate an amount or figure expected in the future based on information in the present.

The financial team projected net earnings of over $750,000, if it happens it will be a record for the company

As judged or measured in comparison with something else.

Taking the two ideas into consideration, the relative merits of the first are clear.

Happening one after another.

The company has made successive losses in the past five years.

Real but not immediately visible.

Investments are made by evaluating the underlying value.