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Business Vocabulary
Accounting
..... or cost accounting systems are part of a company's information system and are used for tracking costs and allocations to judge operational efficiency.
a
Corporate
b
Domestic
c
Management
d
Monitoring
Accounting information systems are a ..... part of an organization's day-to-day operations.
vigorous
virtual
visceral
vital
Customization allows for a good fit to the business's needs, smooth ..... with other internal systems, and the ability to implement special security measures.
insertion
intercalation
interfacing
interference
Accounting systems have to track ..... in three business processes: order entry/sales, billing/accounts receivable/cash receipts, and purchasing/accounts payable/cash.
sequences
steps
transactions
transfers
The order entry/sales process ..... sales data and records the information.
captures
contains
controls
copies
Other important rules in this respect are 'substance over form', 'market value measurement', and the factual prohibition of hidden ......
reserves
reservoirs
returns
revenues
Currently, issuers wishing to access capital markets in different jurisdictions must comply with the requirements of each jurisdiction, which differ in many ......
angles
respects
senses
views
Different accounting traditions have developed around the world in response to varying needs of users for whom the financial information is prepared; in some countries, accounting standards have been ..... primarily by the needs of private creditors, while in other countries the needs of tax authorities or central planners have been the predominant influence.
drawn
shaped
sketched
written
A firm buying stock seldom had sufficient money balances to complete the required payments; instead it relied on its bank for ..... loans, but as NYSE volume grew, banks and their regulators became alarmed at the amount of credit being extended to support securities transactions.
day
drop
short
spot
A ..... swaption gives the buyer the right to receive the swap's fixed rate of interest and pay the floating rate of interest; this is a bullish position in bonds, as you profit if rates fall in the future.
call
put
rate
take
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