Unit 7: Vocabulary

Please study the 15 vocabulary below and press the 'Mark Complete' button.
UK
US
accelerated depreciation
a term used to show that the reduction of an asset's value happens faster at the start of its useful life than at the end
UK
US
Assets like vehicles lose a lot of value in the first year of their life, which is why accelerated depreciation is such a useful tool.
UK
US
accrual accounting
an accounting method that measures the performance and position of a company by recognizing economic events regardless of when cash transactions occur
UK
US
The accountant advised to operate an accrual accounting system for the small start-up, as he said it gave a more accurate picture of the true financial state.
UK
US
allocate
Distribute according to an existing plan
UK
US
After studying the budget, it was clear that the marketing department had been allocated more than was needed.

SORRY, BUT YOUR FREE VIEWS HAVE RUN OUT!

We allow 10 free premium page views per month.

Create a free account to continue or login

You may have noticed that this site is NOT like the others. It is free from advertising, spyware, and annoying spam. Therefore we rely 100% on our users for financial support. Otherwise we could not provide this service. Your support begins with a free registration. Thank you.

Not convinced? Read more in our blog, our info page, or visit our featured users pages.