# Finance & Accounting Upper Intermediate

https://hienglishquiz.com/vocabulary/professional-specialized-b2-finance-and-accounting-vocab

- CEFR: B2 (Upper-intermediate)
- Theme: Professional & Specialized
- Words: 16
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- Locked: no

Finance and accounting vocabulary for managing a business's books, including cash flow, working capital, depreciation and the audit that checks them.

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## Word list

* **cash flow**: The movement of money into and out of a business over time. — “Late-paying customers hurt the shop's **cash flow**.”
* **working capital**: The money a business has available for its day-to-day running costs, found by subtracting short-term debts from short-term assets. — “Slow-paying clients squeezed the company's **working capital**.”
* **equity** /ˈɛkwəti/: The value of a business that belongs to its owners once all debts are subtracted. — “She sold part of her **equity** in the company to raise cash.”
* **depreciation** /dɪˌpriʃiˈeɪʃən/: The gradual fall in the value of equipment or property over time. — “The accountant calculated **depreciation** on the company's vehicles.”
* **amortization** /ˌæmərtɪˈzeɪʃən/: The process of gradually paying off a debt, or spreading the cost of something, over a set period. — “The loan's **amortization** is spread over ten years.”
* **accrual** /əˈkruəl/: Money that has been earned or owed but not yet paid or received. — “The accountant recorded the unpaid interest as an **accrual**.”
* **audit** /ˈɔdɪt/: An official check of a company's financial records to make sure they are correct. — “An outside firm carried out the annual **audit**.”
* **liquidity** /lɪˈkwɪdəti/: How easily a company's assets can be turned into cash. — “The bank keeps enough **liquidity** to cover sudden withdrawals.”
* **overdraft** /ˈoʊvərˌdræft/: An arrangement letting you take out more money than is in your account. — “She went into an **overdraft** after paying rent early this month.”
* **write-off**: Removing a debt or asset from the accounts because it cannot be recovered. — “The unpaid invoice was recorded as a **write-off** at year end.”
* **gross margin**: What is left from sales after the direct costs are taken off. — “**Gross margin** held up while everything else fell.”
* **provision** /prəˈvɪʒən/: Money set aside in accounts for an expected cost. — “A **provision** was made for the legal costs in the same quarter.”
* **remittance** /riˈmɪtəns/: A payment sent to settle an invoice. — “The **remittance** arrived without any reference number attached.”
* **creditor** /ˈkrɛdətər/: A person or company that is owed money. — “Every **creditor** was contacted on the same afternoon.”
* **debtor** /ˈdɛtər/: A person or company that owes money. — “One **debtor** accounted for most of the outstanding balance.”
* **write-down**: A reduction in the recorded value of an asset. — “A **write-down** of the stock turned a small profit into a loss.”

## Related

- Vocabulary library: https://hienglishquiz.com/vocabulary
- Section guide: https://hienglishquiz.com/vocabulary/llms.txt