Accounting English Vocabulary

Accounting English is an essential tool for the career development of accounting professionals. Learning accounting professional English is to learn how to use English to solve and complete foreign-related professional problems and tasks in accounting practice.

1. Assets

Current assets

Monetary funds Cash and cash equivalents

Cash

Cash in bank

Other cash and cash equivalents

Other city Cash in bank

Cashier's cheque

Bank draft

Credit card

L/C Guarantee deposits

Deposits Investment funds Refundable deposits

Short-term investments

Stock Short-term investments - stock

Bonds Short-term investments - corporate bonds

Fund Short-term investments - corporate funds

Other Short-term investments - other

Short-term investments falling price reserves

Account receivable

Note receivable

Bank acceptance

Trade acceptance

Receivable Dividend receivable

Interest receivable

Account receivable

Other notes receivable

Bad debt Prepare Bad debt reserves

Advance money

Cover deficit by state subsidies of receivable

Inventories

Supplies purchasing

Raw materials

Wrappage

Low-value consumption goods

Materials Materials cost variance

Self-made semi-finished goods

Finished goods

Differences between purchasing and selling price

Work in process - outsourced

Consigned goods Tr

ust to and sell the goods on a commission basis

Commissioned and sell the goods on a commission basis

Inventory falling price reserves

Collect money and send out the goods by stages

Deferred and prepaid expenses

Long-term investment Long-term investment

Long-term equity Investment Long-term investment on stocks

Investment on stocks

Other investment on stocks

Long-term investment on bonds < /p>

Investment on bonds

Other investment on bonds

Long-term investments depreciation reserves

Stock rights investment depreciation reserves

Bcreditor's rights investment depreciation reserves

Entrust loans

Principal

p>

Interest

Depreciation reserves

Fixed assets

Building Building

Structure < /p>

Machinery equipment

Transportation facilities

Instruments and implement

Accumulated depreciation

Fixed assets depreciation reserves

Building/structure depreciation reserves

Machinery equipment depreciation reserves

< p> Project goods and material

Special-purpose material

Special-purpose equipment

Prepayments for equipment

p>

Preparative instruments

and implement for fabricate

Construction-in-process

Erection works

Erecting equipment-in-process

Technical innovation project

General overhaul project

Construction-in-process depreciation reserves

Fixed Liquidation of fixed assets

Intangible assets

Patents

Non-Patents

Trademarks , Trade names

Copyrights

Land use rights Tenure

Goodwill

Intangible Assets depreciation reserves < /p>

Patent rights depreciation reserves

Trademark rights depreciation reserves

Unacknowledged financial charges

< p> Wait deal assets loss or income

Long-term deferred and prepaid expenses

Wait deal assets loss or income < /p>

Wait deal intangible assets loss or income

Wait deal fixed assets loss or income

2. Liabilities Liability

Current liability

Short-term borrowing

Notes payable

Bank acceptance

p>

Trade acceptance

Account payable

Deposit received

Proxy sale goods revenue

p>

Accrued wages

Accrued welfarism

Dividends payable

Tax payable

Value added tax payable

<

p>　Withholdings on VAT

Paying tax

Unpaid VAT changeover

Tax deduction

Output tax Substituted money on VAT

Tax reimbursement for export

Input tax transferred out Changeover withnoldings on VAT

Export tax deduction for domestic consumption Export deduct domestic sales goods tax

Overpaid VAT changeover

Unpaid VAT

Business tax payable tax payable

Consumption tax payable

Resources tax payable

Income tax payable

Should Increment tax on land value payable

Tax for maintaining and building cities payable

Housing property tax payable

< p> Land use tax Tenure tax payable

Vehicle and vessel usage license plate tax (VVULPT) payable

Personal income tax payable

Other fund in conformity with paying

Other payables

Drawing expense in advance

Other liabilities Other liabilities

Pending changerover assets value

Anticipation liabilities

Long-term Liabilities

Long-term borrowings Long-term loans

Long-term loans due within one year

Long-term loans due over one year

Bonds payable

Face value, Par value

Premium on bonds

Discount on bonds < /p>

Accrued interest

Long-term account payable

Accrued financial lease outlay

Long-term account payable due within one year

Due after one year Long-term account payable over one year

Special payable

Special payable due within one year Long-term special payable due within one year

Long-term special payable over one year

Deferral taxes

3. OWNERS' EQUITY

p>

Capital

Paid-up capital (or stock)

Paid-up capital Paicl-up capital

Paid-up stock

Investment Returned

Capital reserve

Capital reserve

Capital (or Cpital(or Stock) premium

Receive non-cash donate reserve

Equity investment reserve Stock right investment reserves

Appropriation Transfer to Allocate sums changeover in

Foreign currency capital

Other capital reserve

Surplus reserves

Legal surplus

Free surplus reserves

Legal public welfare fund

Reserve fund

Enterprise expansion fund

Profits capitalizad on return of investment

Profits

Current year profits

p>

Profit distribution

Other chengeover in

Withdrawal legal surplus

Withdrawal legal public welfare funds

Withdrawal reserve fund

Withdrawal reserve fund for business expansion

Withdrawal staff and workers' bonus and welfare fund

Profits capitalizad on return of investment

Preferred Stock dividends payable

Withdrawal other common accumulation fund

Common Stock dividends payable

Common Stock dividends change converted into capital (or equity) to assets (or stock)

Undistributed profit

4. Cost category Cost

Cost of manufacture

Basic Base cost of manufacture

Auxiliary cost of manufacture

Manufacturing overhead

Materials

Management personnel Executive Salaries

Wages

Retirement allowance

Bonus

Outsourcing fee

Employee benefits/welfare

Conference fees Coferemce

Overtime meals Special duties

Intra-city transportation Business traveling

Communication Correspondence

Telephone Correspondence

Water and Steam

Taxes and dues

Rent

Management fee Maintenance

Vehicle maintenance fee Vehicles maintenance

Fuel fee Vehicles maintenance

Training fee Education and training

Reception Entertainment fee

Books and printing

Transpotation

Insurance premium

Payment commission

Sundry charges

Depreciation expense

Article of consumption

Labor protection fees

Loss on seasonality cessation

<

p> Service costs

5. Profit and loss

Income

Business income OPERATING INCOME

Main business Prime operating revenue

Product sales revenue Sales revenue

Service revenue

Other operating revenue

Material sales Sales materials

Purchasing and selling

Wrappage lease

Remise right of assets revenue

Reimbursement of income tax of income tax

Other revenue

Investment income

Short-term investment income Current investment income

Long-term investment income Long- term investment income

Withdrawal of entrust loan reserves

Subsidize revenue

Subsidize revenue from country < /p>

Other subsidize revenue

Non-operating income NON-OPERATING INCOME

Non-cash deal income

Cash overage

Net income on disposal of fixed assets

Income on sales of intangible assets

Fixed assets Fixed assets inventory profit

Net amercement income

Outlay

Business expenses Revenue charges

Main business costs Operating costs

Cost of goods sold

Cost of service

Main business taxes and additional Tax and associate charge

< p> Sales tax

Consumption tax

Tax for maintaining and building cities

Resources tax

Increment tax on land value

Other business expenses

Sales of other materials

Other cost of material sale

Other cost of service

Other tax and associate charge

Expenses

p>

Operating expenses

Consignment commission charge

Transpotation

Insurance premium

Exhibition fees

Advertising fees

Administrative expenses

Staff Salaries

Repair charge

p>

Article of consumption amortization

Office allowance

Traveling expense

Labor union expenditure

Research and development expense

Employee benefits/welfare

Personnel education

Unemployment insurance < /p>

Labor insurance

Medical insurance

Conference fees Coferemce

Intermediary agencies fees

Consult fees

Legal cost

Business entertainment

Technology transfer fees

Mineral resources compensation fees

Pollution discharge fees

Housing property tax

Vehicle and vessel usage license plate tax( VVULPT)

Tenure tax

Stamp tax

Finance charge

Interest exchange

Foreign exchange loss

Charge for trouble

Special-borrowing cost

Nonbusiness expenditure

Donation expenditureDonatio

n outlay

Depreciation reserves

Extraordinary loss

Net loss on disposal of fixed assets

< p>Loss on sales of intangible assets

Fixed assets inventory loss

Loss on debt restructuring

Amercement outlay

Income tax

Prior year income adjustment

Consistency substance over form

materiality prudence

current asset non-current asset non-current asset

round it up, round it down rounding contingent liability

creditor creditor rendering of service royalties royalty

bonus share redempte share redemption share debenture bond

credit lender depreciation depreciation residual value residual value

accounting treatment accounting treatment accrual concept accrual concept

net book value straight line method straight line method

carrying amount net asset value (asset - accumulated depreciation - impairment)

rule of thumb empirical method contribution margin

deferred income deferred income finance lease finance lease

cash equivalents cash equivalents operating lease operating lease

< p>capital appreciation capital appreciation amortization apportionment

incremental budget incremental budget zero based budget zero-based budget

continuous budget rolling budget deferred tax deferred tax

permanent difference permanent difference timing difference timing difference

flow through method tax payable method

events after balance sheet date events after balance sheet date

return on investment (ROI) return on investment

profit before interest and tax profit before interest and tax

profit

margin profit margin retrospective application retrospective adjustment method

prospective application prospective application method;