UNIT 3
 Accounting
 Condition-state
 Future
prospects
 Measure-gauge
 Performance
 Financial
 Be guided BY sth.-be
performance
led by sth.
 Record (v.) - note
 Fundamental-basic
 Classify- sort
 Sales- PLURAL
 Concept-idea
 Purchase-buying, the  The accounting
goods bought
equation
 Transaction
 Double-entry
 Provide-give, supply
bookkeeping
 Way-means, method
 Delevop-evolve
 Present (v.)-show
 Remain-stay
 Government
 Assets
 Liabilities
 Valuable-worthy
 Owe
 Wealth-richness
 Consist
OF sth- be
comprised of sth
 Deduct-subtract
 Owner’s equity
 Observation-notice,
reflection, watching
 Basis-pl.
basesfoundation
 Place (v.)-put
 Creditor-poverilac
 Have first claim
 Leftover-remnant
 Belong
 IN case OF
 Owner
 Shareholder
 To keep sth IN
balance
 Make
a transaction
 Properly-adequatly
 Require-request,
demand
 Entry
 Accumulate
 Sort out-classify,
separate
 Simplify-make
simpler
 Prepare-get ready
 Financial statement
 Summarize- sum up,
recap
 Balance
sheet
 Income statementprofit and loss account
 Snapshot
 Financially speaking
 Include sthencomapass sth.
 AT least
 Fiscal year
 ON the one HAND… ON
the other HAND
 Section
 Be divided INTO sth
 Current assets-obrtna,
tekuca sredstva
 Fixed
assets
 Intangible assetsnematerijalna
imovina, sredstva
 List (v.) –name,
enumerate
 Cash
 Stock
 Bond
 Turn (sth.) INTO sth
 Due- debt
 Expect to do sth.
 Useful
life-korisni
vek trajanja
 ON a process
 Comprise sth-include
sth., encompass sth.
 Convert sth. INTO
sth.- change sth into
sth.
 Property
 Equipment
 Invention
 Copyright
 Trademark
 Revenue-income,
earnings
 Reputation
 Amount
 Current liabilities
 Receive-get-obtain
 Long-term liabilities-  Customer
 Obligation-duty
 Deliver-render, give
 Meet an obligation Expense
 Fall due-dospevati za  Arise-happen, occur
placanje
 Generate revenues Reflect-express,
create
show, reveal
 Subtract-deduct
 The result OF sth.
 Net income
 Movie-film
 Bottom
 Operating
 Examine
–look into
– performance  Auditor
 OVER a period of time
 Records- data
 Pay FOR sth.
 Express- show
 future (adj.)-prospective
 Opinion –attitude,
 Outside (adj.)-external
view
 Flow IN vs. flow OUT
 Fairness-correctness
 Represent – stand for
 Adherence TO sth.–
 Detail (v.)
attachment,
 Reconcile – harmonize,
obedience
balance, conciliate
 Adhere – obey
 Auditing (n.)
 Beneficiary – donee,
 Separate (adj.)-individual receiver
 Handle
sth. – deal with
sth.
 Vast – broad, great
 Majority vs. minority
 Publicly (adv.)