会计专业英语重要词汇.docVIP

会计专业英语重要词汇 Key Terms of Accounting in English These are the basic terms that are frequently used in financial and managerial accounting. You must remember how to spell them and what they mean. In the course of Accounting English, our major goal is to learn those terms that will help us understand accounting materials in English. In the bilingual course of Management Accounting, the understanding of those terms is critical for us to master major theories and approaches of management accounting. So get yourself prepared! It is also smart of you to add in any other accounting words to the list whenever you find one that is new and useful. Financial accounting Asset Liability Accounting equation Owner’s equity Current asset Current liability Cash Accounts payable Trading securities Notes payable Short-term investments Salaries/wages payable Accounts receivable Interest payable Allowance for bad debts Taxes payable Notes receivable Unearned revenue Inventory Dividend payable Supplies Short-term loans Prepaid expenses / prepayment Current portion of long-term liabilities Fixed asset / plant asset Long-term liability Equipment and machinery Bonds payable Building and land Long-term loan Accumulated depreciation Capital/capital stock Intangible asset Common stock Goodwill Preferred stock Retained earnings Accounting cycle Source document Journal entry account Permanent account Temporary account General ledger Subsidiary ledger Account balance journalize post adjust close The trial balance Financial statement Balance sheet Income statement Cash flow statement Double-entry system Income Summary debit credit Contra account Adjunct account GAAP Business entity Periodicity Monetary unit Accrual basis Going concern Materiality Objectivity Substance over form Reliability Timeliness Relevance Comparability Conservatism Matching principle Understandabilit