Unit 19: Vocabulary

Having a negative or harmful effect.

Recent bad publicity had an adverse effect on the company's sales.

Available to be used by somebody.

The company has millions of dollars at its disposal to fund new research.

To perform or complete a job or activity.

The IRS carried out an audit of the company as a result of errors in the accounts.

To compare with and show differences.

By contrasting this year's expenditures with last year's, we will see the main differences.

To deal with or to include something.

You need to ensure that the report covers all possible costs.

A trend which is repeated at intervals.

Changes in the economy have followed a cyclical pattern.

Stated as officially having a particular purpose.

This building has been designated for the accounting team.

Officially preparing a written document.

The lawyers drew up the contract of sale.

A financial forecast which adapts to changes of one or more variables.

Dynamic budgets have become more popular since it is increasingly difficult to precisely forecast sales volume.

To completely remove something which is not wanted.

It is impossible to eliminate all risk in investment so you should seek advice on the safest options.

To continue or proceed.

The meeting went ahead when John returned.

To look at in detail, to study.

After going over the budget, it is clear that we will not meet our sales targets.

The amount by which sales can decrease before a company becomes unprofitable.

As our margin of safety is only 10,000, we need to look at ways of increasing sales.

The cost of producing one more item as compared to the cost of producing all items.

Marginal costs are generally relative to the amount of fixed costs.

The failure to include or do something.

The omission of the depreciation cost for the year meant the budgeted figures were not correct.

Because of, due to.

The company was closed on account of low sales and high costs.

Encountered unexpectedly.

The company ran into financial problems when the exchange rate changed significantly.

Checked or consulted a source of information.

I'm afraid that I do not know, I will need to refer to my manager for that answer.

To save something for a special purpose.

The management have been setting $500 a month aside for the staff party.

Arranging or preparing something for others to see or use.

The CFO set out new regulations for payment processing.