會計審計英語詞匯大全

會計審計英語詞匯大全

Introduction

Asbusinessesbecomemoreglobalized,theneedforeffectivecommunicationinthefieldofaccountingandauditingbecomesevenmorecrucial.Inordertoeffectivelyworkinthisfield,itisimportanttohaveastrongcommandofaccountingandauditingvocabularyinEnglish.

Inthiscomprehensiveguide,wemtoprovideyouwithanextensivelistofaccountingandauditingtermsinEnglish.Thislistwillserveasavaluableresourceforbothstudentsandprofessionalsintheaccountingandauditingindustry.

AccountingVocabulary

Asset:Anythingofvalueownedorcontrolledbyacompany.

Liability:Acompany’sobligationsordebts.

Equity:Theresidualinterestintheassetsoftheentityafterdeductingliabilities.

Incomestatement:Afinancialstatementthatshowsacompany’srevenues,expenses,andnetincome.

Balancesheet:Afinancialstatementthatshowsacompany’sassets,liabilities,andequityataspecificpointintime.

Cashflowstatement:Afinancialstatementthatshowstheamountofcashandcashequivalentsenteringandleavingacompany.

Revenue:Theamountofmoneygeneratedfromthesaleofgoodsorservices.

Expense:Thecostincurredbyacompanytogeneraterevenue.

Depreciation:Thesystematicallocationofthecostofanassetoveritsusefullife.

Audit:Anexaminationofacompany’sfinancialrecordstoverifytheiraccuracyandcompliancewithregulations.

Internalcontrol:Policiesandproceduresimplementedbyacompanytosafeguarditsassets,ensureaccuracyoffinancialrecords,andpromoteoperationalefficiency.

Bookkeeping:Therecordingoffinancialtransactionsandmntningfinancialrecords.

Grossprofit:Therevenueearnedafterdeductingthecostofgoodssold.

Netprofit:Theamountofrevenueleftafterdeductingallexpenses.

Accrualbasis:Amethodofaccountingthatrecognizesrevenuewhenearnedandexpenseswhenincurred.

Cashbasis:Amethodofaccountingthatrecognizesrevenueandexpenseswhencashisreceivedorpd.

Accountspayable:Moneyowedbyacompanytoitssuppliersorcreditors.

Accountsreceivable:Moneyowedtoacompanybyitscustomersordebtors.

Trialbalance:Alistofallthegeneralledgeraccountsandtheirbalancestoensurethatdebitsequalcredits.

Generalledger:Arecordofallfinancialtransactionsofacompany.

AuditingVocabulary

Auditor:Anindependentprofessionalwhoexaminesacompany’sfinancialrecordsforaccuracyandcompliance.

Materiality:Theconceptofdeterminingwhetheramisstatementinfinancialstatementswouldaffectthedecision-makingofusersofthosestatements.

Sampling:Theprocessofselectingarepresentativesampleofapopulationfortestingduringanaudit.

Internalauditor:Anauditorwhoisemployedbyacompanytoassessinternalcontrolsandidentifyareasofimprovement.

Externalauditor:Anauditorwhoisindependentofthecompanybeingauditedandprovidesanunbiasedopiniononthefrnessofthefinancialstatements.

Fraud:Intentionalmisrepresentationoffinancialinformationforpersonalgn.

Goingconcern:Theassumptionthatabusinesswillcontinueitsoperationsfortheforeseeablefuture.

Materialmisstatement:Amisstatementinfinancialstatementsthatcouldpotentiallyinfluencethedecisionsofusersofthosestatements.

Auditevidence:Theinformationgatheredbyauditorstosupporttheirauditopinion.

Opinion:Theconclusionreachedbyanauditoronthefrnessofthefinancialstatements.

Workingpapers:Thedocumentsandrecordspreparedbyauditorsduringthecourseofanaudit.

Samplingrisk:Thepossibilitythatthesamplechosenfortestingdoesnotrepresenttheentirepopulation.

Analyticalprocedures:Evaluationsoffinancialinformationthroughanalysisofplausiblerelationshipsbetweenfinancialandnon-financialdata.

Managementrepresentationletter:Aletterfrommanagementtotheauditorconfirmingvariousrepresentationsmadeduringtheaudit.

Auditreport:Theformalwrittencommunicationthatexpressestheauditor’sopiniononthefrnessofthefinancialstatements.

Audittrl:Aclearandconcisepaththattrackstheflowoftransactionsfromthesourcetotheirinclusioninfinancialstatements.

Substantiveprocedure:Auditproceduresperformedtodetectmaterialmisstatementsinthefinancialstatements.

Riskassessment:Theidentificationandassessmentofrisksthatcouldpotentiallyimpactthefinancialstatements.

Auditplan:Thedetledoutlineoftheprocedurestobeperformedduringanaudit.

Independence:Thestateofbeingfreefromanybiasorconflictofinterestthatcouldimprobjectivity.

Conclusion

ThiscomprehensiveguidehasprovidedyouwithawiderangeofaccountingandauditingvocabularyinEnglish.Byfamiliarizingyourselfwiththeseterms,youwillbebetterequipped