Management and Accounting Glossary
Management and Accounting Glossary The Accounting and Management Technology prepares students to work in a variety of technical occupations in the accounting, finance and management fields. Balance sheet Noun A financial statement that summarizes a company’s assets, liabilities and shareholders’ equity at a specific point in time. Example: He couldn't explain the irregularities in the balance sheet, and I suspect him of taking the money. en: Bilan Your browser does not support the audio element. Commission Noun the act of committing or giving in charge. Example: She gets a commission for each car she sells. en: commission Your browser does not support the audio element. Credit Noun The deduction of a payment made by a debtor from an amount due. Example: You need to have a strong cre...