Accounting

Accounting Terms	<u koOO ting     tRmz>
account	< u ‘koOOnt >
accountant	< u ‘koOO nt >
accounting	< u ‘koOOn ting >
accounting assumptions	< u ‘koOOn ting   u ‘sum shuns >
accounting errors	< u ‘koOOn ting   ‘eR Rz >
accounting estimate	< u ‘koOOn ting  ‘es tu mut >
accounting principles	< u ‘koOOn ting    ‘pRin su pLz >
accounts receivable	< u ‘koOOnts   Ri ‘sE vu bL >
accrual basis accounting	< u ‘kROO uL    ‘bA sus    u ‘koOOn ting >
accumulated depreciation	< u ‘kEOO mEu LA did    di pRE shE ‘A shun >
acquisition	< a kOOu ‘zi shun >
acquisition costs	< a kOOu ‘zi shun   kosts >
activity method for depreciation	< ak ‘ti vu dE    ‘me thud   fOR   di pRE shE ‘A shun>
actuarial present value	< ak chu ‘OOeR E uL    pRe zunt   ‘vaL U >
additional paid-in capital	< u ‘di shu nuL   ‘pAd in   ‘ka pu duL >
adjusting entry	< u ‘jus ting   ‘en tRE >
adjustments for accruals	< u ‘jus munts   fOR   u ‘kROO uLz >
administrative expense	< ud ‘mi nu stRA div    ek ‘spens >
allowance for doubtful account	< u ‘LoOO uns   fOR   ‘doOOt fL   u ‘koOOnt >
assets	< ‘a sets >
audit opinion	< ‘aw dut    u ‘pin Eun >
auditing	< ‘aw du ting >
auditor	< ‘aw du tR >
average cost	< ‘a vR ij   kost >
bad debt	< bad    det >
bank statement	< bangk   ‘stA munt >
bonds	< bondz >
capital expenditure	< ‘ka pu dL    ek ‘spen du chR >
cash	< kash >
cash basis accounting	< kash   ‘bA sus   u ‘koOOn ting >
cash discounts	< kash   ‘dis koOOnts >
cash dividend	< kash   ‘di vu dend >
cash flow	< kash    fLO >
certified management accountant (CMA)	<‘sR du fId   ‘ma nij munt   u  ‘koOO nt > < sE em A >
certified public accountant (CPA)	< ‘sR du fId   ‘pu bLik    u ‘koOO nt >   < sE pE A >
closing entry	< ‘kLO zing    ‘en tRE >
contingencies	< kun ‘tin jun sEz >
contra entry	< ‘kon tRu    ‘en tRE >
controller	< kun ‘tRO LR >
copyright	< ‘ko pE RIt >
cost	< kost >
credit	< ‘kRe dit >
credit policy	< ‘kRe dit   ‘po Lu sE >
current assets	< ‘kR unt   ‘a sets >
current liabilities	< ‘kR unt    LI u ‘bi Lu dEZ >
current value	< ‘kR unt   ‘vaL U >
debit	< ‘de but >
debt	< det >
deferred tax	< di ‘fRd    taks >
disclosure	< dis ‘kLO zhR >
effective yield	< i ‘fek tiv   E ELd >
effective interest rate	< i ‘fek tiv  ‘in tRust  RAt >
equipment	< i ‘kOOip munt >
equity	< ‘e KOOu dE >
equity method	< ‘e kOOu dE   ‘me thud >
excise tax	< ‘ek sIz   taks>
excise price	< ‘ek sIz   pRIs>
expenses	< ik ‘spen suz >
fair value	< fAR   ‘vaL U >
fair-value method	< fAR   ‘vaL U   ‘me thud >
fifo (first-in-first-out)	<‘fI fO>
financial accounting	< fu ‘nan shuL    u ‘koOOn ting >
financial flexibility	< fu ‘nan shuL    fLek su ‘bi Lu dE >
financial information	< fu ‘nan shuL    in fR ‘mA shun >
financial position	< fu ‘nan shuL    pu ‘zi shun >
financial reporting	< fu ‘nan shuL    Ri ‘pOR ding >
financial statements	< fu ‘nan shuL.   ‘stA munts >
finished goods	< ‘fi nisht   goodz >
fixed assets	< fikst    ‘a sets >
fixed-rate mortgage	< fikst   RAt   ‘mOR gij >
floating-rate mortgage	< ‘fLO ding   RAt  ‘mOR gij >
fraud	< frawd >
freight	< fRAt >
full-costing approach	< fooL  ‘kos ting    u ‘pROch >
gains	< gAnz >
general-purpose financial statements	< ‘je nR uL   ‘pR pus   fu ‘nan shuL    ‘stA munts >
goodwill	< good  ‘OOiL >
gross profits	< gROs  ‘pRo futs >
historical cost	< hi ‘stOR i kuL   kost >
impairment of goodwill	< im ‘pAR munt   uv   good ‘OOiL >
income before taxes	< ‘in kum    bE ‘fOR    ‘tak suz >
installment method	< in ‘stoL munt   ‘me thud >
intangibles	< in ‘tan ju bLz >
interest	< ‘in tRust >
inventory	< ‘in vun tOR E >
investment	< in ‘vest munt >
journal	< ‘jR nuL >
journal entry	< ‘jR nuL   ’en tRE >
journalize	< ‘jR nu LIz >
ledger	< ‘Le jR >
liabilities	< LI u ‘bi Lu dEz >
lifo (last-in-first-out)	<‘LI fO>
loan	< LOn >
long-term debt	< Long  tRm  det >
losses	< ‘Lo suz >
management accountants	< ‘ma nij munt    u ‘koOO nts >
management accounting	< ‘ma nij munt    u ‘koOOn ting >
measurement	< ‘me zhR munt >
merge	< mRj >
negative goodwill	< ‘ne gu div   good ‘OOiL >
net income	< net   ‘in kum >
net realizable value	< net   RE u ‘LI zu bL   ‘vaL U >
non-trade receivable	< non tRAd   Ri ‘sE vu bL >
notes receivable	< nOts   Ri ‘sE vu bL >
operation performance	< o pR ‘A shun    pR ‘FOR muns >
patent	< ‘pa nt >
pension	< ‘pen shun >
post	< pOst >
prepaid expenses	< ‘pRE pAd    ek ‘spen suz >
prepare financial statements	< pRi ‘pAR    fu ‘nan shuL    ‘stAt ments >
present financial statements	< ‘pRe zunt   fu ‘nan shuL    ‘stAt ments >
promissory note	< ‘pRo mu SOR E    nOt >
property, plant and equipment	< ‘pRo pR dE    pLant    an   i ‘kOOip munt >
raw materials	< Raw     mu ‘tER E uLz >
receivables	< Ri ‘sE vu bLz >
recognition	< Re kug ‘ni shun >
replacement cost	< Ri ‘pLAs munt    kost >
retained earnings	< Ri ‘tAnd   ‘R ningz >
return on investment	< Ri ‘tRn   on   in ‘ves munt >
revenue	< ‘Re vu nOO >
salary	< ‘sa LR E >
sales	< sALz >
sales allowance	< sALz   u ‘loOO uns >
sales return	< sALz   Ri ‘tRn >
security	< si ‘kER u dE >
specific identification	< spu ‘si fik    I den tu fu ‘kA shun >
stock dividend	< stok   ‘di vu dend >
stocks	< stoks >
supplies	< su ‘pLIz >
tax	< taks >
temporary investments	< ‘tem pR eR E   in ‘ves ments >
the balance sheet	< THu    ‘ba Luns   shEEt >
the income statement	< THu   ‘in kum   ‘stAt munt >
the institute of management accountants	< THu ‘in stu tOOt   uv  ‘ma nij munt  U ‘koOO nts >
the statement of cash flows	< THu   ‘stA munt   uv   ‘kash  fLOz>
the statement of shareholders’ equity	< THu  ‘stA munt  uv   ‘shAR hOL dRz    ‘e kOOu dE >
trade receivables	< tRAd   Ri ‘sE vu bLz >
treasurer	< ‘tRe zhR R >
trial balance	< ‘tRI uL   ‘ba Luns >
wage	< OOAj >
work in process	< OORk   in   ‘pRo ses >
write-off	< “RI dof >