Unit 17: Vocabulary

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