Accounting and Finance verbs: Part 1
Accounting and finance have their specific set of terminology. In this post, I introduce 10 verbs used to talk about accounting and finance in Business English. The verbs are used to talk about financial actions and processes. The first set of accounting and finance verbs are listed below. The past form of all the verbs are in -ed.
Example: Based on previous expenses and activities, a budget is allocated to every department every year.
Example: Businesses assess their performance based on quarterly, seasonal, or annual profit.
Example: Company departments are budgeted based on their past performances and future plans.
Example: The financial department keeps track of the accounts receivable to make sure that debts are collected.
Example: Fixed assets such as buildings and machinery have to be depreciated in the accounts. The depreciation rate is determined by the manufacturer or the law.
Example: The quick ratio measures the company’s ability to repay its current debts.
Example: The financial department monitors and records all business transactions.
Example: All financial transaction are recorded. Records of the past 10 years have to be kept according to the law.
Example: Business assets such as lands and building may be reevaluated to determine their current value.
Example: A bank load is comprised of interests and principal. The company has to pay interests until the debt is fully repaid.
To practice verbs in sentences, check out the posts below:
|Business English Grammar: Fundamentals
|Simple Present: Simple Business English Grammar
|Simple Past: Our Business History
|Present Perfect: My Business Achievements