ECONOMICS


Economics is :

  1. A science of production, contribution and the use of wealth, goods, and services.
  2. The process of a making activity.
  3. The study of the main kind of the ordinary business of life.

Economist is a person trained or skilled in economics.

Money and Income

Accounting and Accountancy

Company Law 1

company law 2

British : annual general meeting AGM
America : annual meeting of stockholders

British : extraordinary general meeting EGM
America : special meeting.

Accounting Policies and Standard

Auditing

British : stock take
America : count of the inventory

exercise

The balance Sheet 2

Vocabulary

British : note or banknote ; America : bill.

British : social security ; America : welfare.

British : flat ; America : apartment.

British : chairman ; America : president.

British : managing director ; America : chief executive officer.

British : articles of association ; America : bylaws.

British : memorandum  of association ; America : certificate of incorporation.

British : depreciation ; America : depreciation, amortization.

British : a true and fair view ; America : a fair presentation.

Glossarium for synonim word

Aim = objective = purpose.

Liable = responsible.

Profit = dividen.

Trader = businessman.

Trade = business.

Company = enterprise.

Stakeholder = shareholder.

Register = list

Turnover = sales revenue

gross profit = sales revenue – cost of sales

net profit = gross profit – (admin expenses + tax)

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