Key Accounting Terms for French Students
Key Accounting Terms for French Students
My name is Lanah, I am a student at Ahuntsic College. I've been in accounting and management technology for almost a year and a half, I have taken classes such as Accounting, Financial Management, Business Management and much more. I have made this glossary for students in the same program as me. Since this program is mainly in French, this glossary can help solve problems for students who only understand accounting terms in French, by giving them better resources to learn them in English. This glossary has 20 terms, related to my field of study. It contains definitions, pronunciations, examples, translations and much more. The method I used to find the words involved translating them based on what I've learned in the past year and a half. What I would like for my readers to do next is to look through this glossary and try to implement these words in their vocabulary, so when the time comes they know when and where to use them.
- accounts payable
- noun
- Money owed by a company to its creditors.
- Example: The company's accounts payable increased significantly this month due to large supplier invoices that have not yet been paid.
- en: comptes fournisseurs
- accounts receivable
- noun
- The amounts in a company's accounts that show money that is owed to the company by its customers.
- Example: An entity should be seeking to find a balance between the advantages of high level liquidity, and the disadvantages of high ACCOUNTS RECEIVABLE turnover ratio.
- en: comptes clients
- assets
- noun
- Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
- Example: They argued that there were three resources labeling middle classes: property ASSETS, organizational ASSETS and cultural ASSETS. Property ASSETS are associated with wealth holding.
- en: actifs
- balance sheet
- noun
- A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
- Example: The type of financial information shareholders are interested in, is Profits and Investment. Assets (what company owns and what is owed to it, from BALANCE SHEET.
- en: bilan
- depreciation rate
- Noun
- The rate at which the value of an asset is reduced each year.
- Example: The over use of old original machines will cause the higher DEPRECIATION RATE and maintenance time.
- en: Taux dépréciation
- diversification
- noun
- The process of a business enlarging or varying its range of products or field of operation.
- Example: Potential for building expansion, including planning permission considerations (stables are not classed as an agricultural use) is also a good idea if you are serious about DIVERSIFICATION.
- en: diversification
- equity
- noun
- The value of the shares issued by a company.
- Example: If the shares are repurchased near the undervalued price, the company will earn a rate of return greater than market required cost of EQUITY.
- en: capitaux propres
- fiscal year
- noun
- A year as reckoned for taxing or accounting purposes.
- Example: Different with the dividend per share in Table 5 as there are changes of the total number of ordinary shares during the FISCAL YEAR.
- en: exercice fiscal
- fixed costs
- plural noun
- Business costs, such as rent, that are constant whatever the quantity of goods or services produced.
- Example: The bare truth is that small establishments have more FIXED COSTS than variable ones, and therefore, a rise in sales causes a growth in profit.
- en: coûts fixes
- gross profit
- noun
- A company’s profit from selling goods or services before costs not directly related to producing them, for example interest payments and tax, are subtracted.
- Example: This may be caused by the difference in figures between the actual and budgeted cost of sales, which will directly influence the result (in money) of the GROSS PROFIT and its proportion to total sales, altering likewise the variance between the two amounts of GROSS PROFIT.
- en: bénéfice brut
- inventory
- noun
- A complete list of items such as property, goods in stock, or the contents of a building.
- Example: Production There are currently 11,000 units of VUCK in INVENTORY.
- en: inventaire
- invoice
- noun
- A list of goods sent or services provided, with a statement of the sum due for these; a bill.
- Example: The client receives one itemized INVOICE for the total services performed.
- en: facture
- liabilities
- noun
- A thing for which someone is responsible, especially a debt or financial obligation. plural noun: liabilities.
- Example: The current ratio relates current assets with current LIABILITIES (Current ration divided by current LIABILITIES) and provides an idea as to "efficiency of the company's operating cycle".
- en: passifs
- loan
- noun
- A thing that is borrowed, especially a sum of money that is expected to be paid back with interest.
- Example: Taking risks should not be always avoided and a well thought through marketing plan can easily justify a LOAN.
- en: prêt
- net income
- noun
- The total income of a company after all tax and other costs have been paid.
- Example: At the bottom there is the NET INCOME, this is the profit or loss for the given time.
- en: revenu net
- payroll
- noun
- A list of a company's employees and the amount of money they are to be paid.
- Example: For the month of June, they managed to make 77.54% of profit from their sales despite both PAYROLL and expenses have exceeded their budget but didn't have that much impact as their sales improved by 6.44%.
- en: paie
- revenue
- noun
- Income, especially when of a company or organization and of a substantial nature.
- Example: The budget analysis is used to set out expected expenditures and then to review what actually happens, it is done using four budgets these are expense, REVENUE, cash and capital budgets.
- en: revenu
- tax
- noun
- A compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.
- Example: Higher taxes will dampen consumer spending.
- en: impôt
- trial Balance
- noun
- A statement of all debits and credits in a double-entry account book, with any disagreement indicating an error.
- Example: Before preparing the financial statements, the accountant reviewed the trial balance to ensure that total debits equaled total credits.
- en: balance de vérification
- variable costs
- plural noun
- A cost that varies with the level of output.
- Example: A higher importance will be given to VARIABLE COSTS, as when it comes to decision-making, it is more functional to bear in mind controllable costs, due to fixed costs being mostly altered because of external factors.
- en: coûts variables