Please study the 20 vocabulary terms below. Then press the Mark Complete button to continue.
- anticipate
- to imagine or expect that something will happen
- appreciable
- large or noticeable enough to have a significant effect
- attributable to
- caused by or connected to
- bottom-line
- the final line in the accounts, the net profit or loss made by a company
- breakeven point
- the figure at which neither profit nor loss is made
- budget
- a plan that shows how much money you have or will have, and what it will be spent on
- classify
- to divide things into groups according to their type
- cost accounting
- the process in which all costs are examined
- cost reduction
- the process of minimizing any expenses due from direct business activity
- costs incurred
- any expenses due as a direct result of business activity
- feasibility
- the possibility that something can be made, done or achieved or is reasonable
- implement
- to put into effect
- matching principle
- the idea that expenses should be allocated to a revenue stream where possible
- notional
- existing as an idea or as an approximate amount
- opportunity costs
- the imagined loss made due to not following a certain course of action instead
- overall
- in general rather than in particula
- project
- to calculate an amount or figure expected in the future based on information in the present
- relative
- as judged or measured in comparison with something else
- successive
- happening one after anothe
- underlying
- real but not immediately visible
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Shareholders are anticipating a record dividend payment this year.
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The crisis has had an appreciable effect on the financial market.
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The company's success is attributable to the new CEO's leadership.
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The CFO is working on minimizing the effects of the scandal on the bottom-line.
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By calculating the cost of production, we found the breakeven point of $5.35 per item.
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Corporate planners are preparing the budget for the next financial year.
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Costs are classified into two groups, direct and indirect.
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Most large companies use cost accounting to help save money and maximize efficiency.
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In times of hardship, cost reduction is essential to a company's success.
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By looking at costs incurred on a particular product, we can see where money can be saved.
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The management accountant is looking into the feasibility of outsourcing bookkeeping.
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The new legislation will be implemented next year.
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The matching principle should be followed in order to reach accurate net income figures.
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I'm sorry, I cannot give you an exact figure, but the notional amount is 560,000.
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We cannot afford to expand into both markets so please find out the opportunity cost of expanding into Iran instead of Iraq.
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We need to study the overall costs and locate an area in which savings can be made.
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The financial team projected net earnings of over $750,000, if it happens it will be a record for the company
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Taking the two ideas into consideration, the relative merits of the first are clear.
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The company has made successive losses in the past five years.
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Investments are made by evaluating the underlying value.