MANAGEMENT ACCOUNTING WORKSHOP - ENGLISH WEEK

CODE 715201045 NAME Claudia Sarmiento

CODE 713201041 NAME Javier Fonseca

Work method: Presentation by the virtual classroom in groups of maximum two

students

Below are 20 concepts related to the topics seen in class so far.

PICTURE CONCEPT DEFINITION

Something valuable
belonging to a person or an
ASSET organization that can be
used for the payment of
debts.

The study of financial

information about
FINANCIAL companies, projects, etc. in
ANALYSIS order to understand their
costs, profits, cashflow, etc

Money invested in a
SHARE business in the form of
CAPITAL shares rather than bonds
or other forms of lending
PICTURE CONCEPT DEFINITION
The skill or activity of
keeping records of the
money a person or
ACCOUNTING organization earns and
spends

An agreement between
management and the
LABOR employees of a company
CONTRACT or organization about
salary, working conditions,
etc.

A method of paying for

goods or services at a later
CREDIT time, usually paying
interest as well as the
original money

The situation in which an

employer officially makes
DISMISSAL someone leave their job

The process of losing value

DEPRECIATION
PICTURE CONCEPT DEFINITION
Money in the form of notes
and coins, rather than
CASH cheques or credit cards

An organization that sells

goods or services in order
COMPANY to make money

A report provided by a
company for its
FINANCIAL shareholders and investors
STATEMENTS that shows details of its
financial situation, and
includes documents such
as the profit and loss
account and balance sheet

The amount of money

moving into and out of a
CASH FLOW business

(An amount of) money paid

to the government that is
TAX based on your income or
the cost of goods or
services you have bought
PICTURE CONCEPT DEFINITION
The fact of being available
in the form of money,
LIQUIDITY rather than investments or
property, or of being able to
be changed into money
easily

Income or loss from

business activities in which
a person does not
PASSIVE materially participate, such
as a limited partnership.

A debt or other payment

that does not have to be
NON-CURRENT paid within 12 months
LIABILITIES

A company, person, etc.

that provides things that
SUPPLIER people want or need,
especially over a long
period of time

The inability to pay your

debts, or a particular
BANKRUPTCY example of this, involving
the sale of your property or
some other arrangement to
pay as much as possible of
the money you owe

Money in the hand,

available to be used to
meet planned future
RESERVES payments or if some other
need arises. FIRMS may
 PICTURE CONCEPT DEFINITION
put their reserves in a
BANK, as a deposit. For a
bank, reserves are those
deposits it retains rather
than lending them out.

It is the payment that

a person receives
SALARY
periodically for
the doing their job

Associate each definition and the corresponding concept, taking as reference the
image found in the table. For example, the last image corresponds to the concept
of salary and its definition is “It is the payment that a person receives periodically
for the doing their job”

Source: https://debitoor.es/glosario
https://economipedia.com/definiciones/analisis-financiero.html

Diccionario Cambridge inglés: Significados y Definiciones. Extraído Mayo 5, 2020, de

https://dictionary.cambridge.org/es/diccionario/ingles/

Extraído Mayo 5, 2020, de https://www.economist.com/economics-a-to-z/r#node-21529818

Passive. Extraído Mayo 5, 2020, de https://financial-dictionary.thefreedictionary.com/Passive