1 Finance and accounting essential vocabulary: Introduction

Learn words and phrases that every non-native English speaker who works in finance or as an accountant (or just wants to improve financial literacy) should know.

When you click on any word (if you are logged in), you can see its meaning and all other necessary information.

You can use keyboard shortcuts, if you have a keyboard connected. Arrow keys and h, j, k, l keys can be used to move around. The keys b, r, g, and s put a star on a particular meaning (blue), pronunciation (red), word form (green), or sentence respectively. You can also move between word forms in the widget using the i and o keys and open the dictionary popup using the u key.

This course consists of 25 thematic sections with short overviews of words like the following:

balance sheet – a financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

income statement – a financial statement that reports a company's revenues and expenses over a period, showing profit or loss.

cash flow statement – a financial statement that summarizes the amount of cash entering and leaving a company.

statement of shareholders' equity, also called statement of stockholders' equity in the US – a financial statement that shows changes in the value of shareholders' equity over a period.

When you come across a meaning that you find surprising or cannot remember well, use the blue star to save the word for later. You can review and download all your saved words in the Vocabulary section in the left menu.

Of course, feel free to use the other stars too, if you are unsure about the pronunciation or grammar. Reviewing the saved words with example sentences really helps.

After finishing this course, you will have learned over 300 words and phrases related to and accounting. If you master them all with the help of the Vocabulary section, good job! Your knowledge of English financial vocabulary will be better than that of almost all non-native speakers.