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 particular
- 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
US
UK
US
UK
Shareholders are anticipating a record dividend payment this year.
US
UK
US
UK
The crisis has had an appreciable effect on the financial market.
US
UK
US
UK
The company's success is attributable to the new CEO's leadership.
US
UK
US
UK
The CFO is working on minimizing the effects of the scandal on the bottom-line.
US
UK
US
UK
By calculating the cost of production, we found the breakeven point of $5.35 per item.
US
UK
US
UK
Corporate planners are preparing the budget for the next financial year.
US
UK
US
UK
Costs are classified into two groups, direct and indirect.
US
UK
US
UK
Most large companies use cost accounting to help save money and maximize efficiency.
US
UK
US
UK
In times of hardship, cost reduction is essential to a company's success.
US
UK
US
UK
By looking at costs incurred on a particular product, we can see where money can be saved.
US
UK
US
UK
The management accountant is looking into the feasibility of outsourcing bookkeeping.
US
UK
US
UK
The new legislation will be implemented next year.
US
UK
US
UK
The matching principle should be followed in order to reach accurate net income figures.
US
UK
US
UK
I'm sorry, I cannot give you an exact figure, but the notional amount is 560,000.
US
UK
US
UK
We cannot afford to expand into both markets so please find out the opportunity cost of expanding into Iran instead of Iraq.
US
UK
US
UK
We need to study the overall costs and locate an area in which savings can be made.
US
UK
US
UK
The financial team projected net earnings of over $750,000, if it happens it will be a record for the company
US
UK
US
UK
Taking the two ideas into consideration, the relative merits of the first are clear.
US
UK
US
UK
The company has made successive losses in the past five years.
US
UK
US
UK
Investments are made by evaluating the underlying value.