confidence
Vertrauen
head start
Vorsprung
key business drivers
wichtigsten geschäftlichen Faktoren
profitability levers
Rentabilitätshebel
job progression
berufliche Weiterentwicklung
Accounting Terms
Begriffe der Buchhaltung
In essence
im Wesentlichen
two primary statements
zwei Hauptabschlüsse
Profit and Loss account (P&L)
Gewinn- und Verlustrechnung
Definition P&L (Profit and Loss)
This summarises the income and expenses of a company in a defined period.
Balance Sheet
Bilanz
statement
Aufstellung
assets
Aktiva
liabilities
Passiva
equity
Eigenkapital
shareholders value
Wert der Aktionäre
income
Einnahmen
sub-headings
Unterrubriken
Expenses
Ausgaben
revenue
Umsatz
Cost of sales
Herstellungskosten
gross profit
Bruttogewinn
Administration Costs
Verwaltungskosten
Overheads
Gemeinkosten
Expense categories
Ausgabenkategorien
Net Profit
Nettogewinn
Gross Contribution Margin
Bruttodeckungsbeitrag
examine
untersuchen
Fixed Assets
Anlagevermögen
executing
ausführen
accounting
Buchhaltung
to ensure
sicherstellen
final recommendations
endgültige Empfehlungen
financial implication
finanzielle Auswirkung
Making investments in assets
Investitionen in Vermögenswerte
Considering a change in staff resource levels
Erwägung einer Änderung des Personalbestands
proposal
Vorschlag
Intangible costs
Immaterielle Kosten
Tangible costs
Materielle Kosten
Financial Acumen
Finanzieller Scharfsinn
judgements
Bewertungen
understanding of key financial indicators
Verständnis der wichtigsten Finanzkennzahlen
valuable skill
wertvolle Fähigkeit
improve
verbessern
value
Mehrwert
impact
Einfluss
wider business
gesamtes Unternehmen
personally
persönlich
to move
bewegen
promotion
Beförderung
opportunities
Möglichkeit, Chance
Sicherheit
financial topics
Finanzthemen
to offer
die Möglichkeit bieten
skills
Fähigkeiten
key terminology
zentrale Begriffe
provide
zur Verfügung stellen
key phrases and terms
wichtigsten Begriffe und Ausdrücke
in connection
im Zusammenhang
accounts
Konten
Auditors
independent 3rd party (unabhängige dritte Partei)
content
Inhalt
deduction
Abzüge
financial statements
Jahresabschlüsse
no sales
kein Gewinn
What are accounts? (Definition)
statement (Aufstellung) of financial inflows and outflows
records of financial transactions
incurred
anfallen
dedicated module
eigenes Modul
tax
Steuern
single line
einzige Zeile
Interest
Zinsen
profit
Gewinn
deduct
abziehen
Fixtures and Fittings
Einrichtungen und Ausstattungen
retain
behalten
The balance sheet value of the business
Der Bilanzwert des Unternehmens
in relation
im Verhältnis
acquired
erworben
Share Capital
Aktienkapital
vary
variieren
the amount of sales
Menge der Verkäufe
Assets
Aktiva, Vermögenswerte
expected to generate future income
contribution each product
Beitrag jedes Produkts
maintain the debtors ledger
führen das Debitorenbuch
depreciation
Abschreibung
proceeds of disposal
Veräußerungserlös
Verkaufserlös
Balance Sheet (Definition)
statement of the companies assets, liabilities and equity (shareholders value)
disposed
entsorgt
YTD
year-to-date
prudent approach
vorsichtiges Vorgehen
frequent
häufig, regelmäßig
creditors ledger
das Kreditorenbuch zu führen
expenditure
Spreading
Verbreitung
Acquisition
Erwerb
monitor the balance sheet
die Bilanz überwachen
vendor related accounting
lieferantenbezogene Buchhaltung.
prior year
Vorjahr
Gross profit (Definition)
Cost of Sales have been deducted from Turnover
Statutory Accounts (Definition)
legal authorities (gesetzliche Zwecke)
occurred
aufgetreten
Expenses (Definition)
costs of running the business in general
Administration Costs or Overheads
EBIT - Earnings Before Interest and Tax (Definition)
profit the company makes after all costs have been deducted except for the interest and tax costs
Turnover (Definition)
income or revenue of a company
Net profit (Definition)
final profit after all deductions, including interest and tax
Cost of sales (Definition)
cost of creating products or services which have been sold
can include raw materials (Rohstoffe), finished goods for resale, labour costs (Arbeitslöhne) etc.
variable costs
Management Accounts (Definition)
internal purposes (interne Zwecke)
deviations
Abweichung
Gross Contribution Margin, or GCM (Definition)
GCM = Turnover - Variable Cost of Sales
is most commonly calculated per product
Bottom line (Definition)
profit after tax
last line of the P&L
what the company finally retains for the year
Budget (Definition)
Financial plan based on forcast income and expenses
Equity (Definition)
balance sheet value of the business
current assets (Definition)
Umlaufvermögen
Example – stock to be sold, debtors to pay us, bank balance
fixed assets (Definition)
Example – Plant & Machinery, Fixtures and Fittings
are shown in the Balance Sheet
owned over a longer period of time
are purchased or acquired (erworben)
tangible (Definition)
physical, ‘touchable’ Asset
e.g., Plant & Machinery, Fixtures & Fittings, Computers
intangible (Definition)
not have physical substance
e.g., Patents, Trademarks, Software
assign
zuweisen
Accounts Receivable (Definition)
deal with sales and customer related accounting
control credit limits
monitor the financial performance of customers
managing the risk of allowing customers to purchase goods on credit
Accounts Payable (Definition)
purchases and vendor related accounting
maintain the creditors ledger
General Ledger (Definition)
bring all the incoming and outgoing transactions together
Controlling (Definition)
communicating the financial results to managers
being the 'Business Partner'
more frequent (monthly)
can be shown as the single period
as well as cumulative year-to-date (YTD) figures
Statutory Accounts P&L (Definition)
P&L Profit and Loss
typically one year
will have a comparative to the prior year only
not include any information about budgets etc.
Cost Center Managers (Definition)
- budget set for a Cost Center (department or project)
Chart of Accounts (Definition)
Info about Management Accounts are reviewed for anomalies and budget variance
Business case (Definition)
when proposing significant investment, spending, or allocation of resource
Cost/Benefit Analysis (Definition)
Considering a change in staff resource levels (Personalbestand)
Deciding to implement a change in the business or a new policy
Considering a new piece of software or automation
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