Pratica di Shadowing: Day-to-Day English Vocabulary for Accountants (Free PDF Download) - Impara a parlare inglese con YouTube

In today's class, we're going to go through the vocabulary and the day-to-day phrases you'll need as an accountant.

⏸ In Pausa

Velocità:

145 frasi

Se le frasi sono troppo corte o troppo lunghe, clicca su Edit per modificarle.

In today's class, we're going to go through the vocabulary and the day-to-day phrases you'll need as an accountant.

So we start off with some basic terms,

but as we progress through the lesson,

these terms are going to become more and more advanced.

So even if you are an advanced student,

watch until the end because you will definitely get a lot of value out of this class.

So let's start off by seeing how the information gets into the general ledger and then look at some common phrases.

So our first term is the general ledger.

So the general ledger is the word we use to call the database where financial information is recorded.

In some cases people refer to the general ledger as the system.

I hear my students call this the wrong name all the time.

They say balance, but it's not correct.

The right term is general ledger.

So the first way information is put into the general ledger is by the accounts payable team

or AP as we often refer to them, and they record invoices.

So when we want to talk about supplier invoices,

we use the verbs record, enter, or post.

So we can say the AP team record the invoices in the system.

Just note the preposition in,

we use in when we are talking about recording information in the GL.

Okay, in this case, I could also say the AP team record invoices in the system.

As I mentioned previously, sometimes refer to the general ledger as the system.

The second way information gets into the general ledger is through the accounts receivable team or AR.

So when we want to talk about customer or client's invoices,

we use the verbs raise, issue or create.

You notice that the verbs I use for accounts receivable are different to accounts payable.

So we can say the AR team raise invoices in the GL.

So accounts payable and accounts receivable do a lot more than just dealing with invoices.

If you want me to do a specific class just on accounts payable or accounts receivable,

type in the comments AR or AP and I'll make a video about that as well.

Our third way information gets into the system is when the accountants post general journals.

So general journals are those manual transactions that we put into the general ledger

or the automatic journals when we run depreciation and amortization.

So the verbs we use with general journals are record,

post, do, put, or recognize.

For example, accountants record general journals in the GL.

We also hear general journals being called journal entries.

Now that we've talked about the inputs,

let's start to look at some of the outputs or reports that we get from the general ledger.

So when we talk about extracting reports,

the verbs we use are run,

which is the most common one, extract, and produce.

For example, someone in your organization may ask,

can you run the trial balance for me?

And that brings us to our first report, the trial balance.

So the trial balance is the report that shows all the account names

and account codes with their ending balance in the general ledger.

It's fairly detailed and it's the report that is requested by the auditors.

This is generally used by only the finance team and the auditors.

If you're implementing a system in your company,

this is the report that you would upload into your new system also.

The next set of reports are the financial statements.

The word financial statements refers to the four major reports that are included inside.

So the names of the four reports can vary depending on the accounting standards your company adopts,

whether it's IFRS or US GAAP.

The names I've included here are the names we use on a day-to-day basis.

So the first one is the profit and loss,

but it can be called the income statement,

statement of comprehensive income, but it's mostly referred to as the P&L.

This is the report that shows all the income and expenses for the period and the profit or loss at the end.

Our second report is the balance sheet or statement of financial position.

And it contains all the assets, liabilities and owner's equity.

Our third report is the cash flow statement or statement of cash flows.

And this shows all the cash flows during the period.

the fourth report is the statement of changes in equity

or some companies call it statement of stockholders equity

and it basically shows the detailed changes in the equity account

things like retained earnings any new capital that's been injected changes in the reserves

or dividends paid this report doesn't get a lot of discussion

during the year generally at the end of the year

when we're producing the financial reports so this slide summarizes all the ways information gets in and out of the general ledger,

the big nouns you need to know, and their relevant verbs.

You can download this in the link in the description below.

In this next section, we're going to be looking at the vocabulary and the structures you'll need to talk about accounting transactions.

So if there is a general journal to be recorded,

you'll be able to explain the impact on the general ledger.

Let's imagine we raise a sales invoice for $1,000

and you need to explain to someone in your company how the transaction will be recorded.

The most common way to say the transaction is by following this formula.

We say the subject plus the debit plus the account,

the value, the credit plus the account plus the value.

So if we were speaking in the past,

I would say we debited accounts receivable 1000 and credited sales 1000.

So debit and credit are both verbs here.

Depending on the situation, you may use the present or future tense,

which you can see here.

In our next scenario, we make a mistake or we want to undo what we did previously.

The verb we use is reverse,

and we can use it as a verb.

So I could say, I reverse the journal,

an adjective, I do a reversing journal,

or a noun, I do a reversal of the journal.

Here we will look at some specific verbs for provisions and accruals.

You can use the vocabulary in the previous section,

but it's good to understand this vocabulary as well,

as you'll hear it often.

If we want to talk about the movement of an accrual or a provision of $1,000,

we can say we increased the accrual or provision by $1,000.

We reduced the accrual or provision by $1,000.

100

We made an accrual or a provision of $1,000.

101

We accrued $1,000.

102

So we can see here that accrue is a verb also.

103

What if we wanted to say we'll make the balance of the accrual or provision a specific amount,

104

which is different to the previous examples where we were talking about a transaction.

105

We'll use the following phrases.

106

We top up the accrual or provision account to $5,000.

107

In the past, we would say topped up.

108

It's a regular verb.

109

Or we could say we true up the accrual or provision to $5,000.

110

In the past, we say trued up.

111

It's also a regular verb.

112

If we want to reduce the accrual or provision account by $100 each month,

113

the verbs we can use are we unwind the accrual

114

or provision each month by $100 or we release $100 each month from the accrual or provision account.

115

On this slide, we have a summary of everything we talked about and all the nouns and their respective verbs.

116

This also can be downloaded from the PDF in the link in the comments section.

117

In the final section of this video,

118

I've put together a list of the major responsibilities these accountants have.

119

So if anyone asks you what you do,

120

you can just pull some phrases from this part here.

121

Just make sure you're paying attention to the verb noun combination.

122

So if someone asks you what you do specifically,

123

you could say, I maintain the integrity of the general ledger.

124

And the way I do that is I reconcile accounts by matching,

125

tying, verifying, supporting documentation to the general ledger.

126

I look for big variances in the P&L and I investigate them.

127

You'll notice here I've put in all the verbs in green and I'm putting the nouns with an underline.

128

So always make sure you've got the right combinations there.

129

You could also say I consolidate the results of our various entities.

130

I run the end of month process.

131

Generally in business when we're talking about running in relation to responsibilities it means

132

that you're kind of the owner of that process.

133

You could also say I report the results to management

134

and statutory authorities or if you're talking about the external audit process if you're just helping,

135

you would say I assist with the external audit process.

136

But if you're the person that's in charge,

137

you're the main person responsible,

138

you would say I run the external audit process.

139

If you're working taxes, you could also say I prepare or do the income tax return.

140

Well, I hope you enjoyed the lesson today.

141

If you did, please hit the like button,

142

subscribe if you haven't already,

143

and share with any of your other accountant friends.

144

If you have any questions or if I miss something,

145

please feel free to write in the comments and I'll get back to you as soon as I can.

TRENDING

Popolari

Cos'è la tecnica dello Shadowing?

Shadowing è una tecnica di apprendimento delle lingue supportata da studi scientifici, originariamente sviluppata per la formazione dei traduttori professionisti e resa popolare dal poliglotta Dr. Alexander Arguelles. Il metodo è semplice ma potente: ascolti un audio in inglese di madrelingua e lo ripeti immediatamente ad alta voce — come un'ombra che segue il parlante con un ritardo di solo 1–2 secondi. A differenza dell'ascolto passivo o degli esercizi di grammatica, lo shadowing costringe il tuo cervello e i muscoli della bocca a elaborare e riprodurre simultaneamente i modelli di discorso reale. La ricerca dimostra che migliora significativamente la precisione della pronuncia, l'intonazione, il ritmo, il discorso connesso, la comprensione dell'ascolto e la fluidità del parlato — rendendolo uno dei metodi più efficaci per la preparazione alla prova di speaking dell'IELTS e per la comunicazione reale in inglese.

☕ Offrici un caffè

ShadowingEnglish rimane gratuito al 100% grazie al tuo supporto. I costi del server e IA sono elevati — il tuo caffè ci aiuta ad andare avanti! 🙏

Dona via PayPal

ShadowingEnglish.com – Pratica di Shadowing in Inglese

Parla inglese fluentemente usando la tecnica dello Shadowing. Ascolta video di YouTube con madrelingua, ripeti frase per frase e costruisci una pronuncia e fluidità reale — usata da studenti IELTS in tutto il mondo.

Pratica di Shadowing: Day-to-Day English Vocabulary for Accountants (Free PDF Download) - Impara a parlare inglese con YouTube

Popolari

Informazioni su questa lezione

Vocabolario e frasi chiave

Consigli per la pratica

Cos'è la tecnica dello Shadowing?

Pratica di Shadowing: Day-to-Day English Vocabulary for Accountants (Free PDF Download) - Impara a parlare inglese con YouTube

Scarica l'app

Informazioni su questa lezione

Vocabolario e frasi chiave

Consigli per la pratica

Cos'è la tecnica dello Shadowing?