Terms used in business such as Access Arrangement,Access bond,Access Channel , Accounting equation,Accounting period etc

 

Terms used in business such as Access Arrangement,Access bond,Access Channel , Accounting equation,Accounting period etc

 

 

 

This post explains about terms used in business such as Access Arrangement,Access bond,Access Channel ,Accounting equation,Accounting period,Accounts receivable, Accrual ,Accrual basis,Accrual Method etc.These terms used in international business are arranged in alphabetical order and you may add more information about terms used in export business at the end of this article, if you wish.

 

Terms used in business

 

Access Arrangement - Any equipment or access facility necessary to connect the customer’s voice/data/video equipment to a Sprint point-of-presence for transmission purposes.

 

Access bond: A type of mortgage that permits borrowers to take out loans against extra capital paid into the account, home-loan interest rates being lower than interest rates on other forms of credit.

 

Access Channel - Access Channel is the ingress channel into the Frame Relay network.

 

Accessibility - Refers to the ease by which an audience is able to receive, understand and act upon communications and services from businesses, big corporations, agencies, local and central government. Accessibility is a relatively modern concept, becoming increasingly prominent from the late 1900s, especially concerning state services, and particularly for disadvantaged, disabled, or minority groups of people. The concept and central principles of accessibility are however very relevant and important for all communicators, on a personal and organizational level. Major factors of accessibility include: language and grammar style, translation (where required), font/print size, typeface/font style, design, technical ease (relating to electronic media), media types/versions (web, print, audio, video, as required), timings and availability of information, detail and complexity, esoterica, gobbledegook, legalese. See writing tips.

 

Accompanied transport / Transport accompagné :Transportation of a fully roadworthy vehicle by another means of transportation (e.g. a train or ferry boat), accompanied by its driver.

 

Terms used in  business such as Access Arrangement,Access bond,Access Channel , Accounting equation,Accounting period etcAccount - Either a customer's physical location or individual service represented by a unique account number within the billing hierarchy. Multiple services each with a unique account number may be part of one physical location.

 

Account balance: The difference between the debit and the credit sides of an account.

 

Account Current: It is a statement of transactions in a debit and credit form between a seller and his customer. It is periodically prepared and sent by a trader to his debtor or creditor with a view to verifying balance between them.

 

Account Sales: This is a statement supplied by an agent or a consignee who sells goods on behalf of the consignor. It shows particulars of goods’ sold, the gross proceeds realized, the expenses incurred by the consignee including his commission and the net proceeds.

 

Account: A record of a business transaction. A contract arrangement, written or unwritten, to purchase and take delivery with payment to be made later as arranged.

 

Accountability: The allocation or acceptance of responsibility for actions.

 

Accountable officer:A person who is or is appointed as an 'accountable officer' under sections 65, 66 and 67 of the Financial Accountability Act 2009 (PDF, 572KB). For the purposes of the Queensland Procurement Policy (2013), this term also includes statutory bodies and special purpose vehicles.

 

Accountant: One who is skilled at keeping business records. Usually, a highly trained professional rather than one who keeps books. An accoun­tant can set up the books needed for a business to operate and help the owner understand them.

 

Accounting cost : The cost of maintaining and checking the business records of a person or organization and the preparation of forms and reports for financial purposes.

 

Accounting cycle : The regular process of formally updating a firm's financial position by recording, analyzing and reporting its transactions during the accounting period.

 

Accounting equation : A Formula in which a firm's assets must be equal to the sum of its liabilities and the owner's equity.

 

Accounting insolvency: The condition that a company is in when its liabilities to its creditors exceed its assets.

 

Accounting period: A time interval at the end of which an analysis is made of the information contained in the bookkeeping records. Also the period of time covered by the profit and loss statement.

 

Accounting rate of return: the ratio of profit before interest and taxation to the percentage of capital employed at the end of a period. Variations include using profit after interest and taxation, equity capital employed, and average capital for the period.

 

Accounts - An individual's or company's financial records. Also an arrangement to keep money with a financial institution, e.g., a bank, building society, etc. See financial terms.

 

Accounts Payable- The total amount of money that is owed to the company’s suppliers for goods and services purchased as of the date of the financial statement. This does not include any items that are a loan.

 

Accounts receivable - a record of all short-term (less than 12 months) expected payments, from customers that have already received the goods/services but are yet to pay. These types of customers are called debtors and are generally invoiced by a business.

 

Accounts receivable factoring: the buying of accounts receivable at a discount with the aim of making a profit from collecting them.

 

Accounts receivable finance - see Factoring.

 

Accounts receivable financing: a form of borrowing in which a company uses money that it is owed as collateral for a loan it needs for business operations.

 

Accounts receivable: Money owed to your business for goods or ser­vices that have been delivered but not yet paid for.

 

ACCOUNTS RECEIVABLE: This represents the amount due to a business by its customers at a given point in time.

 

Accretion - Growth or increase in the value or amount of something. See financial terms.

 

Accrual - The accumulation of payments or benefits over time.

 

Accrual accounting - an accounting system that records transactions at the time they occur, whether the payment is made now or in the future.

 

ACCRUAL ACCOUNTING:A method of bookkeeping in which income and expenses are allocated to periods to which they apply, regardless of when actually received or paid. For example, when an invoice is rendered, its value is added to income immediately, even though it has not been paid. (Also see CASH ACCOUNTING)

 

Accrual basis: A method of keeping accounts that shows expenses incurred and income earned for a given fiscal period, even though such expenses and income have not been actually paid or received in cash.

 

Accrual Method - The accounting method used when the sales and expenses are assigned to the month in which they occurred, not when the business received the cash or paid the bills.

 

ACP / ACP :The ACP (African, Caribbean, Pacific) countries signed an agreement of association with the European Community on 15th December 1989 at Lomé. The ACP States comprise 69 countries. Under the Agreement, certain types of products are exempted from customs duties and enjoy preferential tariffs.

 

Across The Board - The involvement of, or affect on, everyone or everything in an industry or company.

 

Act of god / Catastrophe naturelle :An extraordinary and unexpected natural event, accidents of a nature beyond human control and without the possibility of prevention such as flood, lightning or hurricane usually quoted as ‘force majeure’.

 

Act of God: This phrase is used in a bill of .1 lading. It refers to some unforeseen accident or natural cause that cannot be prevented by any reasonable foresight. Nobody is legally liable for any loss arising through an Act of God.

 

Action plan / Plan d'actions :Planning your operations for the coming months or year in terms of your goals and previous results.

 

Active customers / Client actif

 

The above details describes about terms called in business such as Access Arrangement,Access bond,Access Channel ,Accounting equation,Accounting period, Accounts receivable, Accrual ,Accrual basis,Accrual Method etc. These phrases may help importers and exporters on their day to day business activities. The readers can also add more information about terms used in business trade below this post.   Terms used in business such 1MD,Above The Line,Abram's Law,Absolute Advantage,Abusive tax shelte etc

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