Vocabulary Words Every Assistant Controller Should Know
Vocabulary Words Every Assistant Controller Should Know | English A1 Level (Beginner / Elementary)
19 Word
Account
Definition: A record of financial transactions; a personal description of events.
- She opened an account at the bank.
- He shared his account of what happened.
- The account showed all his expenses.
Money
Definition: Paper or coins used to buy things.
- I need money to buy a new book.
- He saved his money for a new bike.
- We use money to pay for food.
Bank
Definition: A place where money is kept or managed.
- I need to go to the bank to deposit my allowance.
- The bank offers loans for buying homes.
- He has a savings account at the bank.
Pay
Definition: To give money for goods or services.
- I will pay for my lunch today.
- She forgot to pay the bill on time.
- They need to pay for their movie tickets.
Cost
Definition: The amount of money needed to buy something.
- The cost of the book is ten dollars.
- She checked the cost of the concert tickets.
- It may cost more to travel during the holidays.
Price
Definition: The amount of money required to buy something.
- The price of the shirt is ten dollars.
- I found a good price for my favorite book.
- Prices change depending on the store.
Sell
Definition: To give something to someone in exchange for money.
- I want to sell my old toys at the yard sale.
- The shop will sell fresh fruits and vegetables.
- He decided to sell his bike because he needed money.
Buy
Definition: To get something by paying money.
- I want to buy a new phone.
- She bought a gift for her friend.
- They buy fresh vegetables from the market.
Cash
Definition: Money in the form of coins or banknotes.
- I prefer to pay in cash.
- He kept some cash in his wallet.
- They accepted cash for the ticket.
Bill
Definition: a statement of money owed
- He received a bill for his phone service.
- The bill was higher than expected.
- She paid the bill at the restaurant.
Save
Definition: To keep something safe or to store for later.
- I save money for a new bike.
- Please save your work before turning off the computer.
- They save energy by using less electricity.
Spend
Definition: To use money to buy something; to use time doing something.
- I want to spend my allowance on a new game.
- They decided to spend the weekend at the beach.
- She likes to spend time reading books.
Earn
Definition: To receive money or reward for work done.
- She wants to earn money for a new bike.
- He hopes to earn a good grade this semester.
- You can earn points by completing tasks.
Tax
Definition: A compulsory financial charge imposed by the government.
- Everyone pays tax on their income.
- He learned about tax rates in his economics class.
- Taxes fund public services like schools and roads.
Report
Definition: A spoken or written account of something.
- I need to write a report about my science project.
- The news report covered the recent event.
- He will report the findings to the class.
Plan
Definition: A detailed proposal for doing or achieving something; a strategy or outline.
- They made a plan for their vacation next summer.
- Having a plan helps organize thoughts and actions.
- She wrote a plan for her science project.
Job
Definition: a paid position of regular employment
- He found a job at the local library.
- She enjoys her job as a teacher.
- Many students are looking for summer jobs.
Work
Definition: activity involving mental or physical effort
- He has a lot of work to do this week.
- She enjoys her work as a teacher.
- They finished their work ahead of schedule.
Team
Definition: A group of individuals working together towards a common goal.
- The soccer team practiced every day after school.
- They formed a team for the science project.
- Teamwork is essential for success.
Vocabulary Words Every Assistant Controller Should Know | English A2 Level (Pre-Intermediate)
12 Word
Balance
Definition: A state of stability; an equal distribution of weight or amount.
- It's important to maintain a balance between work and play.
- She tries to balance her studies and hobbies.
- The scale showed a perfect balance.
Budget
Definition: A plan for managing money; an estimate of income and expenses.
- I need to create a budget for my monthly spending.
- We saved money by sticking to our budget.
- The school has a budget for supplies and activities.
Credit
Definition: Recognition or acknowledgment, often for work done.
- She received credit for her hard work.
- You need to give credit to the author.
- He got credit for his contribution to the project.
Debt
Definition: Money owed to someone; an obligation to pay back.
- He is trying to pay off his debt.
- She learned about managing debt in finance class.
- Living within your means helps avoid debt.
Expense
Definition: The cost incurred in the course of doing business or personal activities.
- She tracked her monthly expenses carefully.
- The expense report was submitted for approval.
- Understanding expense management is crucial for budgeting.
Income
Definition: The money received for work or through investments.
- Her income helps support the family.
- He saved part of his income for a vacation.
- They discussed ways to increase their income.
Invoice
Definition: A document that itemizes and records a transaction between a buyer and a seller.
- The company sent an invoice for the services provided.
- She checked the invoice for any errors before paying.
- An invoice is usually due within 30 days.
Payment
Definition: Money given for goods or services.
- I made my payment for the concert tickets.
- The payment is due at the end of the month.
- We can process your payment online.
Profit
Definition: The financial gain made after subtracting expenses.
- The business made a profit last year.
- They hope to increase their profit this quarter.
- His hard work led to a profit for the company.
Receipt
Definition: A document acknowledging that something has been received, especially in transactions.
- He kept the receipt for his new shoes.
- She asked for a receipt after buying the groceries.
- Understanding receipts is important for budgeting.
Savings
Definition: Money that has been set aside or saved for future use.
- She deposited her savings in a bank account.
- His savings helped him buy a new bike.
- Understanding savings is important for financial planning.
Transaction
Definition: an instance of buying or selling something
- The transaction was completed online.
- He received a receipt for the transaction.
- They tracked the transaction in their records.
Vocabulary Words Every Assistant Controller Should Know | English B1 Level (Intermediate)
14 Word
Revenue
Definition: The income generated from normal business operations.
- The company's revenue increased this year.
- They need to find ways to boost their revenue.
- Government revenue comes from taxes.
Loss
Definition: the state of losing something; not having something anymore
- His loss of a pet made him very sad.
- The team felt the loss of their star player.
- She experienced a loss when her grandmother passed away.
Audit
Definition: An official examination of accounts or financial records.
- The school will conduct an audit of its budget.
- An audit helps ensure that everything is accurate.
- They hired a company to perform the audit for transparency.
Financial
Definition: Related to money or the management of money.
- She took a course in financial planning.
- The company is in a strong financial position.
- He needs financial advice for his budget.
Statement
Definition: A clear expression of something in speech or writing.
- The teacher asked for a statement about the project.
- He made a statement about his favorite book.
- She wrote a statement to explain her opinion.
Asset
Definition: Something valuable owned by a person or company.
- The house is their biggest asset.
- Her skills are a great asset to the team.
- Investing in education is an important asset.
Liability
Definition: the state of being responsible for something, especially in law
- He accepted liability for the accident.
- The company has a liability to its employees.
- Understanding liability is important in business.
Equity
Definition: Fairness or justice in the way people are treated; ownership in a property.
- They believe in equity for all students.
- The company focuses on promoting equity in the workplace.
- She discussed equity in education during the meeting.
Forecast
Definition: a prediction about future events
- The weather forecast says it will rain tomorrow.
- We reviewed the economic forecast for next year.
- The forecast showed sunny skies ahead.
Analysis
Definition: The detailed examination of something to understand it better.
- He did an analysis of the data for his project.
- Her analysis showed interesting results.
- They worked together on the analysis of the report.
Compliance
Definition: Following rules or standards.
- The company is in compliance with safety regulations.
- They ensured compliance with the new laws.
- She checked for compliance with the guidelines.
Cash Flow
Definition: The movement of money in and out of a business or personal account.
- Monitoring cash flow is important for financial health.
- He created a cash flow plan for his new business.
- Understanding cash flow helps in budgeting and planning.
Investment
Definition: The action of putting money into something to earn more money in the future.
- He made a smart investment in stocks.
- They discussed investment options for their savings.
- Her investment in education paid off.
Depreciation
Definition: the decrease in value of an asset over time
- The car's depreciation means it's worth less than when we bought it.
- Understanding depreciation helps in calculating taxes.
- He learned about depreciation in his finance class.
Vocabulary Words Every Assistant Controller Should Know | English B2 Level (Upper Intermediate)
13 Word
Variance
Definition: The difference between what is expected and what actually occurs.
- The variance in test scores surprised the teacher.
- Understanding variance can help improve future performance.
- The financial report showed a variance in expenses.
Reconciliation
Definition: The process of restoring friendly relations or resolving differences.
- They sought reconciliation after their argument.
- Reconciliation is important for maintaining friendships.
- The reconciliation of their views led to a better understanding.
Reporting
Definition: The act of presenting news or information.
- Reporting the news requires accuracy and fairness.
- He enjoys reporting on local events for the newspaper.
- Her reporting skills improved after practice.
Forecasting
Definition: The process of making predictions about future events based on data or trends.
- Weather forecasting helps us prepare for storms.
- The company relies on sales forecasting to plan production.
- He learned about forecasting in his economics course.
Expenditure
Definition: the amount of money spent
- The expenditure for the trip was higher than expected.
- She tracked her monthly expenditure carefully.
- Understanding expenditure helps in financial planning.
Ledger
Definition: A book or digital record used for keeping financial accounts.
- The accountant keeps a ledger of all transactions.
- We reviewed the ledger to find the expenses.
- The ledger helps track income and spending.
Accrual
Definition: The accumulation of something over time.
- Accrual of interest can increase savings.
- The accountant explained the accrual process.
- Accrual accounting reflects financial realities.
Inventory
Definition: A list of items in stock or available.
- The store keeps an inventory of all products.
- We need to check the inventory before ordering more.
- His job is to manage the inventory of supplies.
Stakeholder
Definition: A person or group with an interest in a project or decision.
- The company considers all stakeholders in its decisions.
- Parents are important stakeholders in education.
- They invited stakeholders to discuss the new plan.
Performance
Definition: The act of doing something, especially in front of an audience; how well someone does a task.
- The performance of the students was impressive.
- He practiced daily for his music performance.
- Her performance in the play earned her applause.
Strategy
Definition: A plan of action designed to achieve a goal.
- We need a strategy to complete the project on time.
- The team developed a new strategy for winning.
- Her strategy for studying includes flashcards.
Risk
Definition: The possibility of something bad happening.
- There is a risk of falling if you climb too high.
- We need to assess the risk before starting the project.
- Taking risks can lead to great rewards if managed well.
Governance
Definition: The way in which organizations or countries are managed and controlled.
- Good governance ensures fairness and accountability.
- She studied governance in her political science class.
- Understanding governance is crucial for effective leadership.
Vocabulary Words Every Assistant Controller Should Know | English C1 Level (Advanced)
7 Word
Accountability
Definition: Being responsible for one's actions.
- Accountability is important in teamwork.
- He took accountability for his mistakes.
- The company promotes accountability among its employees.
Amortization
Definition: The process of gradually paying off a debt over time.
- Amortization schedules help manage loan payments.
- He learned about amortization in finance class.
- Understanding amortization is important for budgeting.
Benchmarking
Definition: The process of comparing performance metrics to industry standards.
- Benchmarking helps identify areas for improvement.
- She conducted benchmarking to assess the company's efficiency.
- Understanding benchmarking is essential for business growth.
Consolidation
Definition: the process of combining multiple things into one
- The consolidation of the two companies created a larger business.
- They are working on the consolidation of their debts.
- Understanding consolidation helps in understanding finance.
Financial Statements
Definition: Formal records that outline the financial activities and position of a business.
- Understanding financial statements is crucial for investors.
- He analyzed the financial statements to assess the company's health.
- Financial statements include the balance sheet and income statement.
Liquidity
Definition: The ease with which an asset can be converted into cash.
- High liquidity means you can quickly access your money.
- She learned about liquidity in her finance class.
- Understanding liquidity is essential for financial management.
Working Capital
Definition: the funds available for day-to-day operations
- A business needs working capital to operate smoothly.
- Understanding working capital is crucial for financial health.
- They managed their working capital carefully.
Vocabulary Words Every Assistant Controller Should Know | English C2 Level (Proficiency / Mastery)
6 Word
Assets
Definition: Items of value owned by a person or company.
- The company has many assets, including property.
- She invested in various assets for her future.
- Understanding your assets is important for financial planning.
Balance Sheet
Definition: a financial statement showing assets, liabilities, and equity
- The accountant prepared the balance sheet for the company.
- A balance sheet helps assess financial health.
- They reviewed the balance sheet at the meeting.
Capital
Definition: The city where a government is based; also refers to wealth used for investment.
- London is the capital of England.
- The company needs capital to expand its business.
- Understanding the concept of capital is important in economics.
Fiscal
Definition: Related to government revenue, spending, and financial matters.
- The government announced a new fiscal policy.
- Fiscal responsibility is important for a healthy economy.
- She studied fiscal management in her finance course.
Liabilities
Definition: financial obligations or debts
- The company has many liabilities to pay.
- Understanding liabilities is crucial for financial health.
- They reviewed their liabilities before applying for a loan.
Margin
Definition: The space between the edge of a page and the text; also refers to the difference in cost and revenue.
- He wrote notes in the margin of his book.
- The margin for error in the experiment was small.
- She adjusted the margin settings for her report.
The word usage examples above have been gathered from various sources to reflect current and historical usage of the word . They do not represent the opinions of TranslateEN.com.
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