English for Accounting

a document which summarizes the assets, liabilities and equity of a business entity at a given time

• trial balance

• balance sheet

• income statement

the American and Australian equivalent of a Chartered accountant

• CA

• CPA

• CEO

the most senior financial manager, responsible for overseeing the financial activities of the entire company

• CEO

• CIA

• CFO

the state where income tax is paid twice (often to two different governments) on one income

• Income Tax

• Foreign Tax

• double Taxation

reasonable actions taken by a person to satisfy a law or regulation

• due diligence

• tax diligence

• Merger

the money used in another country.

• local currency

• foreign currency

• change currency

a business entity where the debts of the company are separate from the debts of the share-holder

• Limited Liability

• Limited Liability Company

• Partnership

a business which is owned and run by one person

• Sole-trader

• Partnership

• Private Company

The corporations whose stock is traded on a stock exchange

• Public Company

• Private Company

• Single Company

The ownership or equity of a corporation divided into shares

• Stock

• stock exchange

• stock market