Accounting – Auditing is one of the professions with the highest recruitment demand today, but the recruitment requirements for this industry of large companies and corporations are also very strict and English for accounting and auditing is very strict. One of the mandatory skills that candidates must master if they want to work and advance in an international integration environment.

Synthesis of 100 English terms specialized in accounting and auditing

In this article, riclix.com will synthesize 100 specialized accounting and auditing English terms alphabetically, hoping to help you learn specialized vocabulary in a more systematic way.

Term A

Accounting entry /ə’kauntiɳ ‘entri/: Accumulated entry /ə’kju:mjuleit/: Accumulated Accrued expenses /iks’pens/: Advanced payments to suppliers : Prepaid to sellers Assets /’æsets/: Advances to employees property: Advances

Term B

Bookkeeper /’bukki:pə/: Balance sheet maker /’bæləns ʃi:t/: Balance sheet

C term

Capital construction /’kæpitl kən’strʌkʃn/: basic construction Cash /kæʃ/: Cash Cash in hand: Cash at the fund Cash at bank /kæʃ at bæηk/: Bank deposits Cash in transit: Cash in transit Check and take over: acceptance Cost of goods sold: Cost of goods sold Current assets and short-term investments

D term

Deferred expenses: Deferred revenue: Buyer pays upfront Depreciation of intangible fixed assets: Accumulated depreciation Depreciation of fixed assets /di,pri:ʃi’eiʃn/, /fiks ‘æsets /: Accumulated depreciation of tangible fixed assets Depreciation of leased fixed assets: Accumulated depreciation of fixed assets under finance lease

Term E

Equity and funds: Expense mandate and funds /iks’pens ‘mændeit/: Exchange rate differences /iks’tʃeindʤ reit ‘difrəns/: Exchange rate differences Expenses for financial activities /iks’pens/, /fai’nænʃəl æk’tivitis/: Financial expenses Extraordinary income /iks’trɔ:dnri ‘inkəm/: Extraordinary income Extraordinary expenses /iks’trɔ:dnri iks’pens/: Extraordinary expenses Extraordinary profit: Extraordinary profit often

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F term

Figures in: millions VND: Unit: million VND Financials /fai’nænʃəls/: Financial Financial ratios /fai’nænʃəl ‘reiʃiou/: Finished goods: Finished goods Fixed assets: Fixed assets asset costs: Original cost of tangible fixed assets

G term

General and administrative expenses: General and administrative expenses Goods in transit for sale: Goods in transit Gross revenue /grous ‘revinju:/: Total revenue Gross profit /grous profit/: Total profit

Term I

Income from financial activities: Income from financial activities Intangible fixed asset costs: Cost of intangible fixed assets /: Intra-company payables: Payable to internal units Investment and development fund: Itemize investment and development fund /’aitemaiz/: open sub-account

L term

Leased fixed assets: Fixed assets under finance lease Leased fixed asset costs: Cost of fixed assets under finance lease Long-term borrowings: Long-term loans Long-term mortgages, deposits, collateral: Long-term mortgages, deposits, and deposits

M term

Merchandise inventory /’mə:tʃəndaiz in’ventri/: Inventories

Term N

Net revenue: Net revenue Net profit: Net profit Non-business expenditures source: Non-current assets: Fixed assets and long-term investments Non-business expenditures: Non-business expenditures

O term

Operating profit: Profit from production and business activities Other funds: Funds, other funds Other current assets: Other long-term liabilities: Other long-term liabilities Other receivables: Other receivables Other payables: Other liabilities Other short-term investments: Other short-term investments Owners’ equity: Equity

Term P

Prepaid expenses: Prepaid expenses Payables to employees: Payables to employees Profit before taxes: Profit before taxes Provision for devaluation of stocks: Provision for devaluation of inventories Profit from financial activities: Profit from financial activities Purchased goods in transit: Purchased goods are on the way

R term

Receivables /ri’si:vəbls/: Receivables Raw materials /rɔ: mə’tiəriəl/: Raw materials, inventory Receivables from customers: Receivables from customers Reserve fund /ri’zə:v fʌnd/: Reconciliation Reserve /,rekəsili’eiʃn/: Revenue deductions /’revinju: di’dʌkʃns/: deduction Retained earnings /ri’tein ´ə:niη/: Undistributed earnings

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S term

Sales expenses: Sales returns: Sales returns Sales rebates: Sales discounts Short-term borrowings: Short-term borrowings Short-term liabilities: Short-term investments: Short-term investments Short-term mortgages, collateral, deposits: Short-term mortgages, deposits, deposits Stockholders’ equity /´stɔk¸houldə ‘ekwiti/: Business capital Short-term security investments: Short-term securities investments Surplus of assets awaiting resolution: Surplus assets pending resolution

Terms T and W

Taxes and other payables to the State budget: Taxes and other payables Tangible fixed assets: Tangible fixed assets Total assets: Total assets Total liabilities and owners’ equity: Total assets Trade liabilities: Payables to sellers Treasury stock /’treʤəri stɔk/: Welfare and reward fund: Bonus and welfare fund

Above are the 100 most common accounting and auditing English terms that are frequently used at work. If you want to be professionally trained in English knowledge for work, please register at the following link to receive advice on English learning routes for working people: riclix.com/dang- school/