extensive reading_ Finance 【DOC精选】.docVIP

Glossary A/P See: Accounts Payables A/R See: Accounts Receivables Accountant A person who keeps or examines the records of money received, paid, earned, incurred and owned by a company. Also referred to as Book Keeper. Accounting The skill or activity of keeping records of the money earned and spent by a company. Accounts Payables The amount owed by the company to its suppliers. Is recorded in the Balance Sheet as a Liability. Accounts Receivables The amount owed to the company by its customers. An item in the Balance Sheet which shows the value of invoices that have not yet been paid by the customers. Money yet to be received from customers. Is recorded in the Balance Sheet as an Asset. Accruals A method to report income when earned and expenses when incurred (instead of income when received and costs when paid) in order to avoid mis-leading financial statements. An accounting measure to help adjust the Profit and Loss Statement of a company to reflect the true period performance. Adhere To obey/follow a rule or law Agent A person or company that acts for or represents another AIR Airfreight forwarding. A business activity within Maersk Logistics. Airfreight Transport of goods via air. Often used for perishable goods (e.g. foodstuffs), high value goods or urgent goods. Amortisation When you reduce a debt by paying small regular amounts. Annual Report A companys official statement of the financial results and status of a financial year which includes a Profit and Loss Statement for the financial year and a Balance Sheet as of the end of the financial year. Appoint To choose someone officially for a job or responsibility Asset Anything a company owns or has title to. A companys values. Split into Current Assets (which can be realised/cashed in in the short term, e.g. cash holdings and inventory) and Fixed Assets (relatively long-term assets such as property, equipment and vessels). Attributable Caused by. Auditor An externa