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Lesson 25 vocabulary (including EXTRA vocab) - (Barron's) - financial statements - FLASHCARDS

AB
desirev. to wish for
detailv. to report or relate minutely or in particulars
forecastn. a prediction of a future event // v. to estimate or calculate in advance
leveln. a relative position or rank on a scale
overalladj. regarded as a whole; general
perspectiven. a mental view or outlook
projectv. to estimate or predict
realisticadj. tending to or expressing an awareness of things as they really are
targetv. to establish as a goal // n. a goal
translationn. the act or process of translating
typicallyadv. acting in conformity to a type; characteristically
yieldn. an amount produced // v. to produce a profit
income statementn. also known as the Profit and Loss Statement, reports the company's financial performance in terms of net profit or loss over a specified period. Income Statement, also known as the Profit and Loss Statement, reports the company's financial performance in terms of net profit or loss over a specified period.
balance sheetn. A financial statement that summarizes a company's assets, liabilities and shareholders' equity at a specific point in time. These three balance sheet segments give investors an idea as to what the company owns and owes, as well as the amount invested by the shareholders.
expensen. amount paid for goods and services that may be currently tax deductible (as opposed to capital expenditures) // the total spent for goods or services including money and time and labor (My business expenses include telephone charges and Internet costs. My household expenses include food, electricity, gas and water charges.)
contemplatev. to consider carefully and at length; to think about intently and at length; consider calmly; to think deeply about (Lately, I have been contemplating changing my job. I've been thinking a lot about it and considering all the pros and cons.)
economistn. a specialist in economics (Economists analyze financial statements and other figures.)
cash flow statementn. Cash flow statements report a company’s inflows and outflows of cash.
adequateadj. (barely) sufficient or suitable (Our cash flow statement shows that we have adequate funds to operate our business.)
quarterlyadv. once every 3 months (We review our financial statements quarterly.) // adj. occurring or appearing at three-month intervals (Our quarterly financial statements are discussed by the directors.)



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