Aangepaste proefbalans
aangepaste proefbalans - A trial balance prepared after adjusting entries have been prepared and posted to the ledger
accounting
Glossaries
A
Aanpassingsproces
aanpassingsproces - To analyze account balances and update them at the end of an accounting period to reflect the correct measure of revenues and expenses
accounting
Accountants
Accountants - Professional accountants who check the books of account, ask for explanations from the directors and examine the report and accounts, verifying th...
finance
accounting
Accountantscontrole
accountantscontrole - The examination of transactions and systems that underlie an organization's financial statements with the goal or reporting thereon
financial reporting
Accounting Principles Board (APB)
Accounting Principles Board (APB) - The private sector group charged with developing accounting standards from 1959 to 1973; primary authoritative pronouncement...
accounting
Accounting Standards Codification (ASC)
Accounting Standards Codification (ASC) - Research tool deemed to be the primary authoritative source and reference guide on accounting standards
accounting
Accounting Standards Update (ASU)
Accounting Standards Update (ASU) - The official notification issued by the Financial Accounting Standards Board of a new or modified accounting rule
financial reporting
Activa
activa - The economic resources owned by an entity; entailing probable future benefits to the entity
accounting
Activiteit Gebaseerde Kostenberekening
ABC/activity based costing - Alternative costing method for strategic management; divides production into activities, defines costs for activities, and alloc...
cost accounting
Activiteitenveroorzaker
activiteitenveroorzaker - Event that causes consumption of an activity
accounting
Activiteitsgerichte kostenberekening
activiteitsgerichte kostenberekening - (ABC) A costing system for situations where overhead is high and/or a variety of products are produced; costs are traced ...
cost accounting
Activiteitskostengroep
activiteitskostengroep - The costs assigned to a particular activity
cost accounting
Afschrijving
Afschrijving - Process similar to depreciation, usually applied to intangible fixed assets.
finance
accounting
Algemene Jaarvergadering
Annual general meeting (AGM) - A meeting of the members (shareholders) of a company at which the board of directors lay the company's accounts and report for sh...
finance
accounting
Alomvattende benadering
alomvattende benadering - A concept of income by which virtually all nonequity-based transactions and events are captured and reported in the income statement.....
financial reporting
accounting fundamentals
American Institute of Certified Public Accountants (AICPA)
American Institute of Certified Public Accountants (AICPA) - (AICPA) an organization whose members are CPAs interested in advancing the accounting profession
accounting
Annuïteit
annuïteit - Level streams of payments; with each payment being the same, and occurring at a regular interval
accounting
API (Application Programming Interface)
API (Application Programming Interface) - a set of protocols that allows different software applications to communicate and exchange data seamlessly
technology
integration
+1
Boekhoudcyclus
boekhoudcyclus - The procedures needed to process transactions through an accounting system; including journalization, posting, adjusting, and preparing fi...
financial reporting
Boekhouding
boekhouding - A set of concepts and techniques that are used to measure and report financial information about an economic unit
financial reporting
Boekhoudkundige vergelijking
boekhoudkundige vergelijking - A financial relationship at the heart of the accounting model: Assets = Liabilities + Owners' Equity
financial reporting
accounting fundamentals
Boekhoudkundige wijzigingen
boekhoudkundige wijzigingen - Changes from one acceptable method of accounting to another acceptable method; like straight-line depreciation to a declining bala...
accounting
Crediteuren
Crediteuren - Amounts due for payment to suppliers of goods or services, also described as trade creditors.
finance
accounting
Debiteuren
Debiteuren - Amounts due from customers, also described as a trade debtors.
finance
accounting
Geamortiseerde kostprijs methode
geamortiseerde kostprijs methode - The approach mandated for held-to-maturity securities; investments are reported at their cost with any premium or discount am...
cost accounting
Haalbare standaarden
haalbare standaarden - A standard that takes into account normal spoilage and inefficiency; intended to allow workers to reach the established benchmarks
accounting
Integrale kostprijsberekening
integrale kostprijsberekening - Also known as full costing -- a costing method where inventory absorbs direct costs and variable and fixed factory overhead
cost accounting
Jaarlijks Equivalent Tarief (AER)
Annual Equivalent Rate (AER) - An interest rate reflecting what you'll actually pay, or earn, on your money after the effects of compounding are taken into acco...
finance
accounting
Jaarlijks Kostenpercentage (JKP)
Annual Percentage Rate (APR) - The rate of interest you agree to pay on money borrowed, and a useful way to compare how much interest you would pay on loans fro...
finance
accounting
Jaarrekening
Annual accounts - Also known as financial, company or statutory accounts. Businesses must produce an annual set of accounts detailing business finances.
finance
accounting
Jaarverslag en jaarrekening
Annual report and accounts - Most organisations are required to produce an annual report on their activities and enclose the accounts of the company's performan...
finance
accounting
Kunstmatige Intelligentie (AI)
Kunstmatige Intelligentie (AI) - computer systems that can perform tasks typically requiring human intelligence, such as analysis, decision-making, and natural ...
AI
technology
+2
Methode voor voorziening oninbare vorderingen
methode voor voorziening oninbare vorderingen - A method that estimates uncollectibles as a portion of total receivables and establishes an offsetting contra al...
accounting
Nog te betalen kosten
nog te betalen kosten - Unpaid expenses that have already been incurred
accounting
Nog te ontvangen opbrengsten
nog te ontvangen opbrengsten - Revenues that have been earned and recorded, but are not as yet collected
accounting
Ouderdomsanalyse debiteuren
ouderdomsanalyse debiteuren - Analysis used to estimate the uncollectible accounts; involves stratification of receivables based upon age
accounting
Overlopende post
overlopende post - Expenses and revenues that gradually accumulate throughout an accounting period
accounting
Rekening
rekening - A record that is kept for each asset, liability, equity, revenue, expense, and dividend component of an entity
accounting fundamentals
Rekeningen
Rekeningen - Financial statements prepared at the end of a period to reflect the profit of loss or the period and financial position at the end of the period.
finance
accounting
Statuten
Articles Of Association - Document setting out the relative rights of shareholders in a limited liability company.
finance
accounting
Transactiegrondslag
Transactiegrondslag - The effects of transactions and other events are recognised when they occur (and not as cash or its equivalent is received or paid) and th...
finance
accounting
Transactiegrondslag
transactiegrondslag - The accounting process whereby revenues are measured and recorded as earned, while expenses are recorded as incurred
accounting
Verslagperiode
Accounting period - The time frame used for financial reporting, normally months, quarters or years.
finance
accounting
Versnelde afschrijvingsmethoden
versnelde afschrijvingsmethoden - Several alternative depreciation approaches that result in relatively more depreciation in early years of use, and smaller...
accounting
Voor verkoop beschikbare financiële activa
voor verkoop beschikbare financiële activa - Investments in debt that are neither "held-to-maturity" or "trading;" a default category that is accounted for at f...
financial reporting
Vooraf betaalbare annuïteit
vooraf betaalbare annuïteit - Also known as an annuity in advance; involves a level stream of payments, with the payments being made at the beginning of each ti...
accounting
B
Balanced Scorecard
balanced scorecard - A set of performance measures that are congruent with assessing improvement in financial, customer, and business process outcomes
financial reporting
Balans
balans - A financial statement that presents a firm's assets, liabilities, and owners' equity at a particular point in time
financial reporting
accounting fundamentals
Bankafschrift
bankafschrift - The document received from a bank which summarizes deposits and other credits, and checks and other debits to a bank account
accounting
Bankafstemming
bankafstemming - A control procedure to establish and verify the correct cash balance via identification of errors, irregularities, and adjustments
accounting
Bankrentevoet
Bank rate - In the UK it is set by the Bank of England, to control the money supply and inflation. Banks usually lend at anything from 2 per cent above bankrent...
finance
accounting
Basis winst per aandeel
basic EPS - The simplest earnings per share number; earnings available to common shares divided by weighted average shares, without factoring in potential di...
accounting
Basisrente
Base rate - Set by the Bank of England, this is the country's base rate of interest and influences the rate of interest on financial products and services.
finance
accounting
Batchniveau-activiteit
batchniveau-activiteit - Activities that relate to each batch of production; independent of the number of units within that batch
cost accounting
Begroting
begroting - A planning tool that outlines the financial plans for an organization; there are various types of begrotings -- operating, capital, and financial
financial reporting
financial planning
Begrotingscommissie
begrotingscommissie - A group of senior managers from each business unit charged with leading the budget preparation and review process
financial planning
Benchmarking
benchmarking - Measuring products or processes against industry standards, an essential part of total quality management
accounting
Big Data
big data - Electronically warehoused information, capable of being mined and analyzed, containing the “who, what, when, where, and why” of all business activity...
accounting
Bijbetaling
bijbetaling - Term used to describe additional monetary consideration that may accompany an exchange transaction
accounting
Boekwaarde
boekwaarde - Cost minus accumulated depreciation; the net amount at which an asset is reported on the balance sheet
financial reporting
cost accounting
+1
Boekwaarde per aandeel
boekwaarde per aandeel - Common stockholders' equity divided by common shares outstanding, to indicate stockholders' equity per share
accounting fundamentals
Bootstrapping
Bootstrapping - Building a company without external investment, often relying on personal savings and running with the lowest possible operating costs
finance
accounting
Bottom-up participatieve begroting
bottom-up participatieve begroting - A budget approach driven by the direct participation of lower-level employees
financial planning
Break-evenpunt
break-evenpunt - The level of activity where revenues equal total expenses, producing a zero net income; also the point where the contribution margin is sa...
financial reporting
cost accounting
Budgetspeling
budgetspeling - The influence of behavior to "pad" a budget via misstating expected revenues and/or expenses; to create more favorable budget vs. actual perfo.....
financial planning
Business to Business (B2B)
Business to Business (B2B) - (B2B) A system that enables data interchange between companies; sometimes sufficiently robust to permit automatic inventory repleni...
accounting
Obligatie
Obligatie - A form of IOU issued by the company, or a government or other institution, offering to pay interest in return for borrowing your money, or to pay yo...
finance
accounting
Obligatieschulden
obligatieschulden - An obligation divided into transferable units requiring the issuer to make periodic interest payments and an eventual repayment of the face ...
accounting
Oninbare vordering
Bad debt - The amount owed by a customer who cannot, or will not, pay for goods or services they have had.
finance
accounting
Raad van bestuur
Board of directors - A group of people to whom the shareholders have delegated the task of running the day-to-day affairs of the company. They normally define t...
finance
accounting
Verbetering
verbetering - Expenditures that improve or increase the service potential of an asset even beyond its original new condition; such costs may be capitalized by.....
cost accounting
accounting fundamentals
C
Aandelenkapitaal
aandelenkapitaal - A non-specific reference to the ownership interests of shareholders in a corporation
accounting
Aflosbaar preferent aandeel
aflosbaar preferent aandeel - Preferred stock that can be repurchased by issuer for a preset price
accounting
Aflosbare obligatie
aflosbare obligatie - A bond that provides the issuer an option to reacquire the bonds before scheduled maturity at a preset price
accounting
Afsluitingsproces
afsluitingsproces - The process by which temporary accounts are "zeroed" out and the effects transferred to retained earnings
accounting
Betaald verlof
betaald verlof - Term to describe paid time off; vacations, sick leave, etc.
accounting
Capaciteitsbenutting
capaciteitsbenutting - The degree to which an organization's output capabilities are being deployed or utilized
accounting
Certified Financial Manager (CFM)
Certified Financial Manager (CFM) - (CFM) a professional designation of competency in the field of financial management that is issued by the Institute of Manag...
financial reporting
Certified Management Accountant (CMA)
Certified Management Accountant (CMA) - (CMA) a professional designation of competency in the field of management accounting that is issued by the Institute of ...
accounting
Certified Public Accountant (CPA)
certified public accountant (cpa) - An individual who is licensed by a state to practice public accounting
accounting
Chartered Global Management Accountant (CGMA)
Chartered Global Management Accountant (CGMA) - (CGMA) sponsors a designation that distinguishes professionals who have advanced proficiency in finance, operati...
accounting
Commerciële inhoud
commerciële inhoud - The quality of an exchange transaction such that it changes the future cash flow potential of the entity
accounting
Compenserend saldo
compenserend saldo - An amount that must be left on deposit and cannot be withdrawn
accounting
Complexe kapitaalstructuur
complexe kapitaalstructuur - Companies with options, warrants, or convertible bonds and stocks that may result in the issuance of additional shares
accounting
Consignatie
consignatie - To place inventory in the custody of another party without requiring them to purchase it, as a sales agent
accounting
Consistentie
consistentie - An enhancing quality of accounting such that deviations in outcomes from period to period should be the result of deviations in underlying perf.....
accounting
Consolidatie
consolidatie - To prepare financial reports for a parent and subsidiary company as a single economic unit
financial reporting
Contantkorting
contantkorting - A reduction in invoice price offered to customers to encourage prompt payment of invoices
accounting
Controlerekening
controlerekening - The total of all subcomponent account records for an account; e.g., the sum of all individual accounts receivable
accounting
Controller
controller - The primary person responsible for the cost and managerial accounting functions
cost accounting
Conversiekosten
conversiekosten - Cost components needed to change raw materials to finished goods, specifically direct labor and manufacturing overhead
cost accounting
Converteerbaar preferent aandeel
converteerbaar preferent aandeel - Preferred stock that can be exchanged for common stock at some preagreed ratio
accounting
Converteerbare obligatie
converteerbare obligatie - A bond that may be converted by the holder into stock of the issuing company
accounting
Couponobligatie
couponobligatie - A bond that has detachable coupons that are exchanged for interest payments; historically popular but falling into disuse
accounting
CPA
CPA - An individual who is licensed by a state to practice public accounting
accounting
Credit
credit - The nature of an action to an account to indicate an increase (liabilities, equity, and revenue) or decrease (assets, expenses, and dividends); usua...
accounting fundamentals
Crediteur
Crediteur - A person or firm that has lent your business money or to whom you owe money.
finance
accounting
Crediteuren
Crediteuren - Suppliers to whom we owe money.
finance
accounting
Creditnota
Creditnota - A document summarising the reduction in charge on an invoice (bill), usually because the customer has returned defective goods or has received inad...
finance
accounting
Creditnota
creditnota - A seller-prepared document evidencing an approved return of merchandise for credit against an account
accounting
Cumulatief preferent aandeel
cumulatief preferent aandeel - Preferred stock that is entitled to a periodic dividend, and those dividends must be paid (eventually) before any monies can be d...
accounting
Current ratio
current ratio - A measure of liquidity, calculated by dividing current assets by current liabilities
accounting fundamentals
Dekkingsbijdrage
dekkingsbijdrage - Revenues minus all variable expenses, whether related to production or selling and administration (not to be confused with gross profit)
cost accounting
Doorlopende begroting
doorlopende begroting - A budget that is constantly updated; as one month/quarter is completed another is added to the set the projections
financial planning
Gecentraliseerde besluitvorming
gecentraliseerde besluitvorming - A business style where top leaders make and direct most important decisions
accounting
Geïnvesteerd vermogen
Capital employed - Sometimes called total assets less current liabilities or total shareholders' funds plus long-term finance (the two calculations provide the ...
finance
accounting
Gemeenschappelijke vaste kosten
gemeenschappelijke vaste kosten - Fixed costs that are incurred to support more than one business unit
cost accounting
Gewone aandelen
gewone aandelen - The residual equity interest in a corporation; last in liquidation but usually receiving the full benefits of any corporate growth
accounting fundamentals
Huidige operationele aanpak
huidige operationele aanpak - A concept of income where income is limited to transactions related to central ongoing operations; not an acceptable approach fo.....
financial reporting
Investeringsbeslissing
investeringsbeslissing - Also known as capital budgeting; planning and decision making related to longer term projects and expenditures
financial planning
Investeringsuitgave
Investeringsuitgave - Spending on non-current (fixed) assets of a business.
finance
accounting
Investeringsuitgaven
investeringsuitgaven - Ordinary and necessary costs incurred to place an item of property, plant, or equipment in its condition for intended use; such amount...
cost accounting
accounting fundamentals
Investeringsuitgaven (CAPEX)
Capital expenditure (CAPEX) - Funds used by the company to buy, maintain or improve its fixed assets such as buildings, vehicles, equipment, or land.
finance
accounting
Kapitaal
Kapitaal - Anything invested into a company that has a tangible value or benefit to its own, such as a machinery, patents, or financial assets like cash.
finance
accounting
Kasbegroting
kasbegroting - An essential budget component detailing planned cash receipts, disbursements, and financing actions
financial planning
Kasequivalenten
kasequivalenten - Short-term interest-earning financial instruments that are deemed to be highly secure and will convert back into cash within 90 days
financial reporting
Kasgrondslagen
kasgrondslagen - An accounting approach where revenue is recorded when cash is received (no matter when "earned"), and expenses are recognized when paid (no mat...
accounting
Kasstroom
Cash flow - the movement of money into and out of a business. Understanding and managing kasstroom is critical for business survival and growth
finance
accounting
+2
Kasstroomprojecties
Kasstroomprojecties - Statements of cash expected to flow into and out of a business over a particular period.
finance
accounting
Klantniveau-activiteit
klantniveau-activiteit - Activities that relate to each customer; independent of the volume of goods and services provided to the specific customer
accounting
Kortlopende schuld
Kortlopende schuld - A liability which is expected to be settled in the entity's normal operating cycle, generally within 12 months after the balance sheet date...
finance
accounting
Kortlopende schulden
kortlopende schulden - Obligations that will be liquidated within one year or the operating cycle, whichever is longer
accounting
Kosten-volume-winstanalyse
kosten-volume-winstanalyse - (CVP) Analysis focusing on the interplay of pricing, volume, variable and fixed costs, and product mix
cost accounting
Kostendrager
kostendrager - The output for which costing information is to be determined under ABC; can be product or service related, or customer, market, etc.
cost accounting
Kostendrijver
kostendrijver - The factor that is viewed as causing costs to be incurred within an organization
cost accounting
Kostenplaats
kostenplaats - An area of responsibility under the control of a manager who is responsible for costs incurred within the unit; the unit generally has little r.....
cost accounting
Kostenstroomveronderstelling
kostenstroomveronderstelling - An assumption about how costs are assigned to inventory in the accounting records
cost accounting
Kostgedreven inflatie
Cost-push inflation - Cost-push inflation occurs when production input costs, such as wages and raw materials, rise and producers pass the increased costs on to...
finance
accounting
Kostprijs van de omzet
kostprijs van de omzet - The total cost attributed to units of inventory actually sold during a period
cost accounting
Kostprijs van vervaardigde goederen
kostprijs van vervaardigde goederen - The amount of cost attributable to goods reaching the end of production; beginning work in process (wip) + (direct materia...
cost accounting
Kostprijsadministratie
kostprijsadministratie - The process by which an organization's cost is collected, assigned, and interpreted
cost accounting
Krediet (handelsvoorwaarden)
Credit (Terms Of Business) - The supplier agrees to allow the customer to make payment some time after the delivery of the goods or services. Typical trader cre...
finance
accounting
Liquide middelen
liquide middelen - Items acceptable to a bank for deposit and free from restrictions for satisfying current debts; includes coins, currency, bank deposits, etc.
accounting
Opgevraagd (aandelenkapitaal)
Opgevraagd (aandelenkapitaal) - The company has called upon the shareholders who first bought the shares, to pay for their shares.
finance
accounting
Productiekosten
Cost of production - Similar to cost of goods sold and used mostly in academic accounts.
finance
accounting
Productiekostenrapport
productiekostenrapport - A report used in a process costing environment to tabulate the costs incurred within a particular stage/department
cost accounting
Rekeningschema
rekeningschema - A listing of the accounts of an entity, along with any identification coding
accounting
Resultatenrekening op basis van dekkingsbijdrage
resultatenrekening op basis van dekkingsbijdrage - An internal report that identifies each segment's controllable elements; the contribution margin, controllabl...
cost accounting
Samengestelde rente
samengestelde rente - Interest calculations that provide for periodic inclusion of accumulated interest into the base on which interest is calculated; "interes....
accounting
Tegenrekening activa
tegenrekening activa - An account that is subtracted from a related account -- contra accounts have opposite debit/credit rules
accounting
Toegezegde vaste kosten
toegezegde vaste kosten - Costs that arise from an organization's commitment to engage in operations; unavoidable elements like depreciation, rent, insurance, p...
cost accounting
taxation
Totaalresultaat
totaalresultaat - Net income plus items of other totaalresultaat (e.g., market value adjustments of available for sale securities)
financial reporting
Vennootschap
vennootschap - A form of business organization where ownership is represented by divisible units called shares of stock
accounting
Vennootschapsbelasting
Corporation tax - Paid by UK companies on their profits.
finance
accounting
Vergelijkbaarheid
vergelijkbaarheid - An enhancing quality of accounting such that even though different companies may use different accounting methods, there is still sufficient...
accounting
Verkoop op krediet
Verkoop op krediet - A business entity sells goods or services and allows the customer to make payment at a later date.
finance
accounting
Verkoopkosten
Cost Of Sales - See 'cost of goods sold'.
finance
accounting
Verplichtingen
verplichtingen - Promises to engage in some future action; not necessarily creating a recordable accounting liability but potentially necessitating enhanced dis...
accounting fundamentals
Vlottende activa
Vlottende activa - An asset that is expected to be converted into cash within the trading cycle. Contrasting a Fixed asset that is held to use within the busine...
finance
accounting
Vlottende activa
vlottende activa - Assets that will be converted into cash or consumed within one year or the operating cycle, whichever is longer
accounting fundamentals
Voorwaardelijke verplichtingen
voorwaardelijke verplichtingen - Events that may or may not give rise to an actual liability because the outcome is uncertain; examples include lawsuits, enviro...
accounting fundamentals
Voorzichtigheid
voorzichtigheid - A general principle of accounting measurement; when in doubt, understate assets and income and overstate liabilities
financial reporting
accounting fundamentals
Wet op de ondernemingen
Wet op de ondernemingen - Legislation to control the activities and administration of limited liability companies.
finance
accounting
Wijziging van schattingen
wijziging van schattingen - A revision of assumptions used in a related accounting calculation (e.g., change in estimated useful life of an asset); handl...
accounting fundamentals
Zekerheid
Zekerheid - Security, usually for a loan. It is effected by enabling the giver of the loan the right to seize the asset that is being used as zekerheid and sell...
finance
accounting
Zekerheidsrecht op activa
Charge over assets - Used when all or some of the assets of an organisation have been used as collateral to secure a transaction of some kind (usually the borro...
finance
accounting
D
Achterstallige dividenden
achterstallige dividenden - An omitted dividend on cumulative preferred stock that must eventually be paid before any monies can be distributed to common stockh...
accounting
Afschrijfbare basis
afschrijfbare basis - Cost minus salvage value; the amount of cost that will be allocated to the service life
cost accounting
Afschrijving
afschrijving - The process used to allocate the cost of a long-lived property to the accounting periods benefited
cost accounting
Beëindigde activiteiten
beëindigde activiteiten - The special income statement reporting of the impact of disposing or abandoning of a component of a business
financial reporting
Betaalpas
betaalpas - Transactions are equivalent to an electronically generated check that results in an almost immediate withdrawal of funds.
accounting
Budget directe arbeid
budget directe arbeid - A budget that details expected direct labor needs, along with the related costs of labor
cost accounting
financial planning
Budget inkoop directe materialen
budget inkoop directe materialen - A budget that details expected direct material purchases, along with the related cash payments
financial planning
Dashboard
dashboard - Customized business software that delivers key real time business data in an easily monitored layout
accounting
Database
database - An information storehouse, usually electronic, that can be queried to extract data meeting certain parameters. Enables singular data entry and mul...
accounting
Debet
Debet - Entries in the debit column of a ledger account representing increases in assets or expenses, or decreases in liabilities or income.
finance
accounting
Debet
debet - The nature of an action to an account to indicate an increase (assets, expenses, and dividends) or decrease (liabilities, equity, and revenue); usual...
accounting fundamentals
Debetnota
debetnota - A purchaser-prepared document evidencing a return of merchandise to a seller
accounting
Debiteur
Debiteur - A person or firm that owes money to your business.
finance
accounting
Debiteuren
Debiteuren - The amount outstanding on customers' accounts.
finance
accounting
Degressieve afschrijvingsmethode
degressieve afschrijvingsmethode - An accelerated depreciation method by which a constant rate (that is a multiple of the straight-line rate) is multipl...
accounting
Derivaten
derivaten - Investments accounted for a fair value that generally derive their value from some other item; examples include commodity futures, options, and...
accounting
Directe afboekingsmethode
directe afboekingsmethode - A simple, non-GAAP, method that expenses uncollectible accounts only as they are determined to be uncollectible and are written off
accounting
Directe arbeid
directe arbeid - Gross wages paid to those who physically and directly work on the goods being produced
accounting
Directe kosten
directe kosten - A cost easily traced to a specific job; generally direct material and direct labor
cost accounting
Directe materialen
directe materialen - The costs of all materials that are an integral part of a finished product and that have a physical presence that is readily traced to that...
cost accounting
Directe methode
directe methode - The preferred method for preparing the statement of cash flows; operating cash flows are presented according to their direct source (e.g., ...
financial reporting
Directe methode/Toerekening servicekosten
directe methode/toerekening servicekosten - An allocation process whereby service department costs are assigned directly to productive departments (compare to s...
cost accounting
Directeur
Directeur - A member of the board of directeurs who bears the responsibility of managing the company on behalf of the shareholders.
finance
accounting
Directeur(en)
Director(S) - Person(s) appointed by shareholders of a limited liability company to manage the affairs of the company.
finance
accounting
Disagio op obligaties
disagio op obligaties - The difference between face value and issue price of a bond, where the issue price is less; causes the effective yield to be higher than...
accounting
Discretionaire vaste kosten
discretionaire vaste kosten - Fixed cost resulting from yearly spending decisions; proper planning can result in avoidance of these costs as necessary (e.g., ad...
cost accounting
financial planning
Dividend
Dividend - Money paid by a company from its profits to its shareholders.
finance
accounting
Dividenden
dividenden - Amounts paid from profits of a corporation to shareholders as a return on their investment in the stock of the entity
accounting
Dividendpercentage
dividendpercentage - Dividend per share divided by stock price; also called dividend yield
accounting
Dividenduitkeringsratio
dividenduitkeringsratio - Dividend per share divided by earnings per share
accounting
Dubbel-degressieve afschrijving
dubbel-degressieve afschrijving - An accelerated depreciation method by which a constant rate (that is 200% of the straight-line rate) is multiplied by...
accounting
Efficiency-afwijking directe arbeid
efficiency-afwijking directe arbeid - A variance comparing standard hours of direct labor to the actual hours worked; measured at the standard rate per hour [(s...
accounting
Gedecentraliseerde besluitvorming
gedecentraliseerde besluitvorming - A business style where top leaders concentrates on strategy, and leaves day-to-day operation and decision-making tasks to lo...
accounting
Niet-honoreren van een promesse
niet-honoreren van een promesse - To fail to pay a note at maturity
accounting
Onderweg zijnde stortingen
onderweg zijnde stortingen - Receipts entered on company records but not yet posted by the bank
accounting
Ongedekte obligatie
ongedekte obligatie - A bond that lacks specific collateral; payment is only assured by the general faith and creditworthiness of the issuer
accounting
Privéopnames
Privéopnames - Cash taken for personal use, in sole trader or partnership businesses, treated as a reduction of ownership interest.
finance
accounting
Tarief-afwijking directe arbeid
tarief-afwijking directe arbeid - A variance that reveals the difference between the standard rate and actual rate for the actual labor hours worked [(standard ...
accounting
Toegezegd-bijdrageregeling
toegezegd-bijdrageregeling - A type of pension plan where the benefits are based on amounts in trust for the benefit of the employee; employer contributions a.....
accounting
Toegezegd-pensioenregeling
toegezegd-pensioenregeling - A type of pension plan where the benefits are a function of years of service, pay, and age; the ultimate employer cost is not known...
cost accounting
Uitgestelde belastingen
Uitgestelde belastingen - Income & expenditure may be recognised at different time for accounting and tax purposes. Deferred tax is a way to balance this timing...
finance
accounting
Uitputting
uitputting - The process used to allocate the cost of a natural resource asset to the accounting periods benefited
cost accounting
accounting fundamentals
Verwaterde winst per aandeel
diluted EPS - An earnings per share number; adjusted to reflect the potential effect of dilutive securities
accounting
Verwaterende effecten
verwaterende effecten - Options, warrants, convertible bonds, convertible stocks, and other items that have the potential to increase the number of shares outs....
accounting
Vooruitontvangen opbrengsten
Vooruitontvangen opbrengsten - Income invoiced, or paid for, in advance of providing the service resulting in the income being deferred to a later accounting pe...
finance
accounting
Vraaginflatie
Demand-pull inflation - Occurs when demand is high, and suppliers increase prices until demand reduces.
finance
accounting
E
EBIT
EBIT - An analyst's calculation to reflect "earnings before interest and taxes"
taxation
EBITDA
EBITDA - An analyst's calculation to reflect "earnings before interest, taxes, depreciation, and amortization"
taxation
Effectieve-rentemethode
effectieve-rentemethode - A theoretically preferable method for amortizing premiums and discounts on bonds; interest expense is a constant percentage...
accounting
Eigen vermogen
Eigen vermogen - Used by analysts to determine the financial health of a company. It also represents what would be left if all of a businesses' assets were liqu...
finance
accounting
Enterprise Resource Planning-pakketten
Enterprise Resource Planning-pakketten - (ERP) Comprehensive database software that tracks an almost endless array of business and accounting data
accounting
Entiteit-ondersteunende activiteit
entiteit-ondersteunende activiteit - Activities that relate to an entity's ability to operate; independent of business volume
accounting
Entiteit, entiteiten
Entiteit, entiteiten - Something that exists independently, such as a business which exists independently of the owner.
finance
accounting
Entiteitsveronderstelling
entiteitsveronderstelling - Accounting information should be presented for circumscribed distinct economic units
accounting
Equivalente eenheden
equivalente eenheden - A measure of physical units expressed in terms of finished units
accounting
ERP-systeem
Enterprise Resource Planning (ERP) system - a comprehensive software platform that integrates and manages core business processes across an entire organization
ERP
software
+2
Ex-dividend
ex-dividend - The event (date) when a transfer of stock ownership between shareholders will occur without the right for the purchaser to receive any previous...
accounting
Kosten
Kosten - Generally the running costs of a business.
finance
accounting
Kosten
kosten - The costs incurred in producing revenues
cost accounting
Last
last - A budgetary restriction occurring in advance of a related expenditure
financial planning
Ruiltransactie
ruiltransactie - Trading one asset for another; to be booked at fair value if the transaction has commercial substance
accounting fundamentals
Schaalvoordelen
schaalvoordelen - Efficiencies associated with increases in volume
accounting
Verdienste
Verdienste - A phrase that is often interchangeable with profits.
finance
accounting
Verdiensten
verdiensten - A concept that relates to income from continuing operations plus/minus discontinued operations
financial reporting
Vermogensmutatiemethode
vermogensmutatiemethode - Method to account for stock investment when significant influence is present; changes in equity of the investee are recognized by the ...
accounting fundamentals
Werknemer
werknemer - A person who works for a specific business and whose activities are directed by that business
accounting
Winst per aandeel
Earnings per share (EPS) - A measure of how much profit a company is making for its shareholders.
finance
accounting
Winst per aandeel
Earnings per share - EPS; generally understood as the amount of income for each share of stock, but is actually better refined as basic and diluted EPS (see ...
financial reporting
F
Afwijking vast overhead volume
afwijking vast overhead volume - A fixed overhead variance that compares the budgeted fixed overhead to the fixed overhead that is applied to production base...
cost accounting
financial planning
Afwijking vaste overheaduitgaven
afwijking vaste overheaduitgaven - A fixed overhead variance that compares actual fixed overhead to the budgeted fixed overhead
cost accounting
financial planning
Boekjaar
boekjaar - A one-year accounting period that does not correspond to a calendar year
accounting
F.O.B. bestemming
F.O.B. destination - Free on Board destination; meaning the transfer of ownership of inventory will occur when the goods reach their destination and the sell...
accounting
F.O.B. verzendpunt
F.O.B. shipping point - Free on Board shipping point; meaning the transfer of ownership of inventory will occur when the goods are shipped and the purchaser ...
accounting
FICA
FICA - Federal Insurance Contributions Act (also known as social security and Medicare); establishes a tax that employers must withhold and match for governm...
taxation
FIFO-methode
fifo-methode - FIFO; An inventory cost flow assumption based on the notion that the earliest costs are to be assigned to units sold
cost accounting
Financial Accounting Standards Board (FASB)
Financial Accounting Standards Board (FASB) - An organization charged with producing standards for financial reporting in the USA
financial reporting
Financieel management
Financial management - Planning, analysing, monitoring, organising, reviewing, and controlling a company's finances.
finance
accounting
Financiële boekhouding
financiële boekhouding - An area of accounting that deals with external reporting to parties outside the firm; usually based on standardized rules and procedure...
accounting
Financiële lease
financiële lease - A lease that effectively transfers the risks and rewards of ownership to the lessee
accounting
Financiële overzichten
financiële overzichten - Core financial reports that are prepared to represent the financial position and results of operations of a company
financial reporting
Financieringsactiviteiten
financieringsactiviteiten - A cash flow category; including receipts from stock issues, bonds, notes and loans, -- and payments for loan repayment, acquisitions...
accounting
Flexibel budget
flexibel budget - A budget that covers a range of potential outcomes by relating expense levels to the potential revenues
financial planning
Form 1099
Form 1099 - A form required to be issued to an independent contractor reporting amounts paid; to assist with tax compliance issues (this form used to report ...
taxation
auditing
FUTA
FUTA - Federal Unemployment Tax levied on employer to provide funds for unemployed workers; rate is dependent on existence of SUTA and employer history of la...
taxation
Gereed product
gereed product - Finished goods represent the cost of completed products awaiting sale to a customer
cost accounting
Getrouwe weergave
getrouwe weergave - A fundamental quality of accounting such that information must be truthful; complete, neutral, and free from error
accounting
Productie-overheadbudget
productie-overheadbudget - A budget that details the anticipated factory overhead, including calculations related to the allocation of such amounts
cost accounting
financial planning
Prognose
Prognose - Prognose estimate of future performance and position based on stated assumptions and usually including a quantified amount.
finance
accounting
Toekomstige waarde
toekomstige waarde - Or "compound interest;" amount that a current payment (or stream of payments) will grow in time; includes interest on previous interest bas...
accounting
Vast actief
Vast actief - An asset that is held by an enterprise for use in the production or supply of goods or services, for rental to others, or for administrative purpo...
finance
accounting
Vaste activa
Fixed assets - Assets that you intend to keep for longer than twelve months.
finance
accounting
Vaste kosten
Fixed costs - Costs that vary over time rather than in proportion to throughput, e.g. Rent of premises, salaries etc.
finance
accounting
Vaste kosten
vaste kosten - A total cost that is the same regardless of volume; total cost is constant and per unit cost decreases with volume increases
cost accounting
Volledige openbaarmakingsprincipe
volledige openbaarmakingsprincipe - All relevant facts that would influence investors' and creditors' judgments about the company are disclosed in the financial...
financial reporting
Waardering tegen reële waarde
waardering tegen reële waarde - Sometimes called "mark-to-market;" to record an investment at its fair value and recognize changes in value as they occur
accounting
G
Beschikbare goederen voor verkoop
beschikbare goederen voor verkoop - A calculated amount corresponding to the beginning inventory plus net purchases; represents the total pool of inventory avai...
accounting
Bruto
Bruto - The total amount of money a company has earned in a period of time before deductions such as taxes.
finance
accounting
Brutoloon
brutoloon - Also known as gross earnings; this it is the total amount earned by an employee before any deductions
taxation
Brutomethode
brutomethode - A method of recording purchases of inventory at invoice price
accounting
Brutowinst
brutowinst - A calculated amount corresponding to net sales minus cost of goods sold
cost accounting
Brutowinst (of marge)
Brutowinst (of marge) - Sales minus cost of sales before deducting administration and selling expenses (see also gross margin).
finance
accounting
Brutowinst methode
brutowinst methode - A technique that purports to estimate inventory and cost of goods sold by applying historic percentage relationships to observable sale...
cost accounting
Continuïteitsbasis
Continuïteitsbasis - Financial statements are prepared on this basis assuming that the business will continue operating into the foreseeable future.
finance
accounting
Continuïteitsveronderstelling
continuïteitsveronderstelling - In the absence of evidence to the contrary, accountants assume that a business will continue to operate well into the future
accounting
GAAP
GAAP - Generally accepted accounting principles -- encompass the rules, practices, and procedures that define the proper execution of accounting
accounting
Goederen in transit
goederen in transit - Goods in the process of being transported to the buyer; ownership is based on freight terms
accounting
Goodwill
goodwill - The excess of the purchase price of an acquired company over the fair value of the identifiable net assets acquired
accounting fundamentals
Grootboek
grootboek - A record of the accounts comprising financial statements, and their respective balances
financial reporting
Hefboomwerking
Hefboomwerking - The proportion of borrowings to total financing (i.e. shareholders' funds plus total borrowing).
finance
accounting
H
Historische kostprijs principe
historische kostprijs principe - The concept that many transactions and events are to be measured and reported at acquisition cost
cost accounting
Hoog-laag methode
hoog-laag methode - A simple means for separating costs into fixed and variable components, based upon the difference between costs at the highest and lowest o....
cost accounting
Tot einde looptijd aangehouden beleggingen
tot einde looptijd aangehouden beleggingen - Investments purchased with intent to hold to maturity; usually investment in debt; accounted for by amortized cost ...
cost accounting
I
Beursintroductie
beursintroductie - The first time stock in a corporation is offered to the investing public; registration and other requirements must be met; proceeds...
accounting
Bijzondere waardevermindering
bijzondere waardevermindering - When the carrying amount of an asset is not recoverable from its future cash flow
accounting fundamentals
Deelneming
deelneming - The company in which another has an investment
accounting
Factoringovereenkomst
Invoice factoring - When a business sells its invoices to a third party, which will then add their own fee to the charges and seek the money from the debtor.
finance
accounting
Factuur
Factuur - A document from supplier to buyer summarising goods or services supplied and the price payable.
finance
accounting
Factuurprijs
factuurprijs - List price less any trade discounts
accounting
Ideale normen
ideale normen - A standard that could only be achieved under perfect operating conditions; such standards are rarely expected to be achieved
accounting
Immaterieel actief
immaterieel actief - Long-term asset that lacks physical existence; contract rights, copyrights, patents, trademarks, etc.
accounting fundamentals
Immaterieel vast actief
Immaterieel vast actief - An asset, such as a right, that cannot be touched (e.g. a trademark or Goodwill).
finance
accounting
In voorraad opneembare kosten
in voorraad opneembare kosten - Product costs that attach to inventory
cost accounting
Incrementele budgettering
incrementele budgettering - A budgeting approach where the prior year experience sets a base line for a new budget; changes are made based on new information bu...
financial planning
Indirecte kosten
indirecte kosten - A cost not easily traced to a specific job; generally categorized as factory or manufacturing overhead
cost accounting
Indirecte methode
indirecte methode - An alternative method for preparing the statement of cash flows; operating cash flows are presented as a reconciliation of income to cash...
financial reporting
Inflatie
Inflatie - A percentage figure that represents how much prices of goods and services increased over a specific period.
finance
accounting
Insolventie
Insolventie - When a company becomes unable to pay off its creditors, or its liabilities exceed its assets.
finance
accounting
Institute of Management Accountants (IMA)
Institute of Management Accountants (IMA) - (IMA) a professional association for management accountants that sponsors the CMA and CFM designations
accounting
Integratie
Integratie - connecting different software systems to work together and share data seamlessly
technology
software
+2
International Accounting Standards Board
International Accounting Standards Board - An organization charged with producing accounting standards with global acceptance
accounting
International Financial Reporting Standards (IFRS)
International Financial Reporting Standards (IFRS) - The specific accounting rules developed by the International Accounting Standards Board
accounting
Interne auditor
interne auditor - A person within an organization who reviews and monitors the controls, procedures, and information of the organization
accounting
Interne-opbrengstvoet
interne-opbrengstvoet - Also known as time-adjusted rate of return or IRR; discount rate causing present value of cash inflows to equal present value of th...
accounting
Intraperiode belastingallocatie
intraperiode belastingallocatie - Separately reported items like discontinued operations, prior period adjustments, and other comprehensive income, are to repor...
financial reporting
taxation
Investeringsactiviteiten
investeringsactiviteiten - A cash flow category; including receipts from disposal of investments and long-term assets -- and payments to acquire long-term asset...
accounting fundamentals
Investeringscentrum
investeringscentrum - A evaluative unit where managers are accountable for cost and profit outcomes, including consideration of the amount of capital that is d....
cost accounting
Rente
rente - The charge imposed on the borrower of funds for the use of money
accounting
Resultatenrekening samenvatting
resultatenrekening samenvatting - A non-financial statement account used only to facilitate the closing process by summarizing and zeroing-out the revenue and e...
financial reporting
Uitgifteprijs
uitgifteprijs - The amount a company receives in exchange for the initial issue of debt or other financial instrument
financial reporting
Voorraad
voorraad - Goods held for resale to others
accounting
Winst-en-verliesrekening
winst-en-verliesrekening - A financial statement that summarizes the revenues, expenses, and results of operations for a specified period of time
financial reporting
Winstbelasting
winstbelasting - Taxes that are based on the amount income; for employees such amounts must be withheld by employers and remitted to the government
financial reporting
taxation
Zelfstandige contractant
zelfstandige contractant - One who performs a designated task or service for a company, and the company has the right to control or direct only the result of t....
accounting
J
Journaal
journaal - A chronological listing of the transactions and events of an organization, in debit/credit format
accounting
Journaalposten maken
journaalposten maken - The process of recording transactions and events into the journal
accounting
Junk bond
junk bond - A bond that is issued by a company of low credit worthiness, and entails substantial risk of nonpayment; generally offers a high interest rate to...
accounting
Just-in-time voorraad
just-in-time voorraad - Raw materials are received from supplies just as they are needed in the production process
cost accounting
Orderkosten methode
orderkosten methode - A costing approach whereby actual labor and material is tracked for each job or product
cost accounting
Orderkosten overzicht
orderkosten overzicht - A document representing a compilation of cost data for a specific job
cost accounting
K
Belangrijkste prestatie-indicator (KPI)
KPI (Key Performance Indicator) - measurable values that demonstrate how effectively a company is achieving key business objectives
metrics
performance
+2
Kaizen
Kaizen - Japanese term used to describe a blitz like approach to study processes and install efficiency within an organization
accounting
Kanban
Kanban - Japanese term which means some form of signal that a particular inventory is ready for replenishment
accounting
L
Beperkte aansprakelijkheid
Beperkte aansprakelijkheid - Most commonly used to describe the limit of liability of a shareholder (member) to contribute to the assets of a company if it goes...
finance
accounting
Besloten vennootschap (BV)
Besloten vennootschap (BV) - Company where the liability of the owners is limited to the amount of capital they have agreed to contribute.
finance
accounting
Catalogusprijs
catalogusprijs - An established price determined by reference to a catalog or general price list; before any discounts
accounting
Grondverbeteringen
grondverbeteringen - Includes the cost of parking lots, sidewalks, landscaping, irrigation systems, and similar expenditures that are incurred to better land
cost accounting
Lagere waarde van kostprijs of netto-opbrengstwaarde
lagere waarde van kostprijs of netto-opbrengstwaarde - To report inventory at the lower of its cost or net realizable value
cost accounting
Langlopende beleggingen
langlopende beleggingen - Investments made for long-term holding purposes; including land for speculation, securities of other companies, etc.
accounting
Langlopende verplichtingen
langlopende verplichtingen - Any obligation that is not current, and include bank loans, mortgage notes, and the like
accounting
Lean manufacturing
lean manufacturing - Indicative of an environment where waste has been trimmed; entails a focus on standardization, speed, and quality, without compromising ...
accounting
Lease/Lessee en Lessor
lease/lessee en lessor - Periodic payment from the user (lessee) of an asset to an owner (lessor) of the asset
accounting fundamentals
Leasing
Leasing - Acquiring the use of an asset through a rental agreement.
finance
accounting
Lessee
lessee - Periodic payment from the user (lessee) of an asset to an owner (lessor) of the asset
accounting fundamentals
Lessor
lessor - Periodic payment from the user (lessee) of an asset to an owner (lessor) of the asset
accounting fundamentals
LIFO-methode
lifo-methode - LIFO; An inventory cost flow assumption based on the notion that the most recent costs are to be assigned to units sold
cost accounting
Liquide middelen
Liquid asset - An asset that can be easily converted into cash.
finance
accounting
Liquiditeit
liquiditeit - The ability of a firm to meet its near-term obligations as they come due
accounting
Totaalprijs aankoop
totaalprijs aankoop - A single price paid for a package of assets; the purchase price must be allocated to each of the components
accounting fundamentals
Verplichtingen
verplichtingen - Amounts owed by an entity to others
accounting
Wettelijk kapitaal
wettelijk kapitaal - Usually the par value of the stock of a corporation
accounting
M
Afloswaarde
afloswaarde - The amount due at maturity of a note; includes principal and interest
accounting
Gemengde kosten
gemengde kosten - A cost that has both fixed and variable components
cost accounting
Gewijzigde kasstelsel
gewijzigde kasstelsel - Like the cash basis, except that certain large expenditures for durable assets may be recorded as assets initially
accounting fundamentals
Hoofdbudget
hoofdbudget - Also known as the comprehensive budget; an integrated set of articulated budgets relating to numerous operational subcomponents (labor, mater...
cost accounting
financial planning
Kleinste-kwadratenmethode
kleinste-kwadratenmethode - A complex means for separating costs into fixed and variable components, based upon minimizing the variances between all observatio....
cost accounting
Machine-naar-machine
Machine-naar-machine - (M2M) enables connected devices to communicate with each other
accounting
Management accounting
management accounting - An area of accounting concerned with reporting results to managers and others who are internal to an organization
accounting
Management buy-out (MBO)
Management buyout (MBO) - The management of a company buy that company, or part of it, from its owners.
finance
accounting
Management by exception
management by exception - A management focus of attention on areas where corrective measures appear necessary
accounting
Marge
Marge - The amount of money a company makes, expressed as a percentage. For example, a gross profit of £1m on sales of £10m is a 10% profit marge.
finance
accounting
Marktkapitalisatie
Marktkapitalisatie - The stock-market value of a company. It is calculated by multiplying the total number of issued ordinary shares by today's price per share ...
finance
accounting
Marktniveau activiteit
marktniveau activiteit - Activities that relate to the number of markets in which an entity operates; independent of the number of products, customers, etc.
accounting
Matchingprincipe
matchingprincipe - To associate expenses with revenues, and record them in simultaneous accounting periods
accounting
Materiaalhoeveelheidsafwijking
materiaalhoeveelheidsafwijking - A variance comparing standard quantity to actual quantity of materials; variation is measured at the standard price per unit [(...
accounting
Materiaalopvraagformulier
materiaalopvraagformulier - Form showing what material has been removed from the raw materials stock and put into production
cost accounting
Materiaalprijsafwijking
materiaalprijsafwijking - A variance that reveals the difference between standard price for materials purchased and amounts actually paid for those material...
accounting
Materialiteit
materialiteit - A matter of accounting judgment; when amounts involved are slight, expediency may dictate waiving the technically correct alternative in lieu o....
accounting
Memorandum
Memorandum (For A Company) - Document setting out main objects of the company and its powers to act.
finance
accounting
Modified Accelerated Cost Recovery System (MACRS)
Modified Accelerated Cost Recovery System (MACRS) - A "depreciation" approach common to the tax code; generally permits more rapid "recovery" of asset cost than...
cost accounting
accounting fundamentals
+1
Monetaire eenheidsveronderstelling
monetaire eenheidsveronderstelling - Accounting measures transactions and events in units of money, in contrast to some other unit of measure (e.g., acres of la...
accounting
Productie-overheadkosten
productie-overheadkosten - All costs of manufacturing other than direct materials and direct labor (also called factory overhead)
cost accounting
Trekker
trekker - The party creating the note and agreeing to make payment
accounting
Vervaldatum
vervaldatum - The date on which a note and related interest are due to be paid
accounting
Voortschrijdende gemiddelde methode
voortschrijdende gemiddelde methode - Under the perpetual inventory system; to recompute running average cost with each purchase transaction
cost accounting
Winst-en-verliesrekening in meerdere stappen
winst-en-verliesrekening in meerdere stappen - A complex income statement with sections that segregate cost of goods sold calculations and other components of i...
financial reporting
cost accounting
N
Natuurlijk boekjaar
natuurlijk boekjaar - Applicable to certain businesses that have a seasonal business pattern, and an attempt is made to establish an accounting fiscal year...
accounting
Natuurlijke hulpbronnen
natuurlijke hulpbronnen - Oil and gas reserves, mineral deposits, thermal energy sources, and standing timber are just a few examples of such assets that a firm...
accounting fundamentals
Negatief eigen vermogen
Negative equity - When the value of an asset is less than what you initially paid.
finance
accounting
Netto
Netto - The amount of profit left after deductions such as tax have been made.
finance
accounting
Netto boekwaarde
Netto boekwaarde - Costs of non-current (fixed)( asset minus accumulated depreciation.
finance
accounting
Netto contante waarde
netto contante waarde - Or NPV, a method of evaluating capital projects that uses a predetermined interest rate to determine the present value of an investment'...
accounting
Netto-activa
Netto-activa - Assets minus liabilities (equals ownership interest).
finance
accounting
Netto-methode
netto-methode - A method of recording purchases of inventory at invoice price less available cash discounts
accounting
Netto-opbrengstwaarde
net realizable value (NRV) - (inventory) Estimated selling price in the normal course of business, less reasonably predictable costs of completion, disposal,...
cost accounting
Netto-opbrengstwaarde (vorderingen)
netto-opbrengstwaarde (vorderingen) - The amount of cash expected to be collected on outstanding accounts receivable; accounts receivable minus the allowance .....
accounting
Nettoloon
nettoloon - Also known as net earnings; this is the gross pay less all applicable deductions ("take home pay")
taxation
Nettoverlies
nettoverlies - The excess of expenses over revenues for a designated period of time
accounting
Nettowinst
Nettowinst - Sales minus cost of sales minus all administrative and selling costs.
finance
accounting
Nettowinst
nettowinst - Income from continuing operations plus/minus discontinued operations, but before items of “other comprehensive income”
financial reporting
Niet-aflosbare obligatie
niet-aflosbare obligatie - A bond that cannot be paid off before scheduled maturity
accounting
Niet-handelsvorderingen
niet-handelsvorderingen - Amounts due from transactions and events not directly related to sales of products or services
accounting
Niet-terugbetaalbare obligatie
niet-terugbetaalbare obligatie - A bond that cannot be paid off with the proceeds of a new debt issue
accounting
Nominale rekeningen
nominale rekeningen - Accounts that will be reset to a zero balance with each new accounting period; revenue, expense, and dividend accounts (also called "tempo...
accounting
Nominale rentevoet
Nominal interest rate - An interest rate that isn't adjusted for inflation.
finance
accounting
Nominale waarde (van een aandeel)
Nominal Value (Of A Share) - The amount stated on the face of a share certificate as the named value of the share when issued.
finance
accounting
Ongedekte cheque
NSF check - Non-sufficient funds check; a customer check returned for lack of funds (a "hot check")
accounting
Te betalen promessen
te betalen promessen - Formal short-term borrowings usually evidenced by a specific written promise to pay
accounting
Te ontvangen promessen
te ontvangen promessen - A written promise from a client or customer to pay a definite amount of money on a specific future date
accounting
O
Bedrijfskosten
bedrijfskosten - General expense category for selling and administrative costs
cost accounting
Bedrijfsresultaat
Operating profit/loss - The profit or loss a company makes, which reflects how a business is performing.
finance
accounting
Gewone aandelen
Gewone aandelen - Shares in a company which entitle the holder to a share of the dividend declared and a share in net assets on closing down the business.
finance
accounting
Gewone annuïteit
gewone annuïteit - Also known as an annuity in arrears; involves a level stream of payments, with the payments being made at the end of each time period
accounting
Inbreng door eigenaren
inbreng door eigenaren - Resources provided to an organization by a person in exchange for a position of ownership in the organization
accounting
Operationele activiteiten
operationele activiteiten - A cash flow category; generally related to transactions that enter into the determination of income -- items that are not investing ...
financial reporting
Operationele cyclus
operationele cyclus - The period of time it takes to convert cash back into cash (i.e., purchase inventory, sell the inventory on account, and collect the recei...
accounting
Operationele leases
operationele leases - A lease where the lessee makes periodic payments for periodic use of an asset, but does not assume the ultimate risks and rewards of ownin...
accounting fundamentals
Operationele uitgaven (OPEX)
Operating expenditure (OPEX) - On-going costs for running a business, service or system that includes day-to-day expenditure.
finance
accounting
Opportuniteitskosten
opportuniteitskosten - The cost of a foregone alternative; may include lost revenue
cost accounting
Outsourcing
outsourcing - Utilization of independent parties to manufacture products (sometimes known as make-or-buy) or manage data processing, tech support, payroll se...
accounting
Overheadkosten
Overheadkosten - Costs that do not change regardless of the level of production and are not typically involved with the cost of production, such as rent.
finance
accounting
Overig totaalresultaat
overig totaalresultaat - An account for changes in value of available for sale securities; not part of net income but is included in the broader concept ...
financial reporting
Overige activa
overige activa - The category of a classified balance sheet for reporting assets that are not logically attached to one of the other specific sections
financial reporting
accounting fundamentals
Te veel toegerekende overheadkosten
te veel toegerekende overheadkosten - Applied overhead exceeds the actual amount; usually viewed as a favorable outcome, because less has spent than anticipated...
cost accounting
Toewijzingspercentage overheadkosten
toewijzingspercentage overheadkosten - A rate used to apply manufacturing overhead to output; estimated factory overhead for a period divided by the estimated a...
cost accounting
Uitstaande cheques
uitstaande cheques - Checks entered on company records but not yet cleared by the bank
accounting
P
Aanpassing voorgaande periode
aanpassing voorgaande periode - To correct errors from prior years; prior financial statements are retroactively changed to make them correct
financial reporting
Agio
agio - The amount by which a stock's issue price exceeds its par value; also referred to as "additional paid-in capital"
accounting
Agio op obligaties
agio op obligaties - The difference between face value and issue price of a bond, where the issue price is more; causes the effective yield to be lower than th....
accounting
Begunstigde
begunstigde - The party to whom a note is made payable
accounting
Boeking
boeking - The process of transferring journal entry effects into the respective general ledger accounts
accounting
Contante waarde
contante waarde - Also known as discounting; determines the current worth of cash to be received in the future
accounting
EBIT
PBIT - Profit before interest and tax.
finance
accounting
Fysieke voorraadopname
fysieke voorraadopname - The process of counting inventory actually on hand
accounting
Hoofdsom
hoofdsom - The basic stated amount of a note on which interest is usually calculated; generally relating to the amount borrowed
accounting
Inkoopkortingen
inkoopkortingen - A cash discount available on purchases of merchandise on account; encourages prompt payment
accounting
Kasbewijs
kasbewijs - A detailed bank reconciliation that verifies not only beginning and end balances, but also validates deposits and withdrawals during the month
accounting
Kleine kas
kleine kas - A fund established for making small payments that are impractical to pay by check; also known as imprest cash fund
accounting
Koers-winstverhouding
koers-winstverhouding - The per share market value of a stock divided by its earnings per share
accounting
Materiële vaste activa
materiële vaste activa - Assets with long lives that will be used in an entity's production processes; land, buildings, and equipment
cost accounting
accounting fundamentals
Nominale waarde
nominale waarde - Par value is a technical provision establishing the “legal capital” of the firm and is frequently associated with common and preferred stock t...
accounting
Nominale waarde van obligaties
nominale waarde van obligaties - The face or contract amount of a bond; the amount to be repaid at maturity along with any interest
accounting
Op beginselen gebaseerd
op beginselen gebaseerd - The idea that accounting standards should articulate broad-based principles rather than specific and detailed rules
accounting
Openbare boekhouding
openbare boekhouding - Accounting activities provided by a person to the general public, typically relating to audit, tax and similar services
taxation
auditing
Patent
Patent - An official legal document stating that a company has the sole right to make, use, or sell a particular invention.
finance
accounting
PAYE (Pay As You Earn)
PAYE - Stands for Pay As You Earn. A method of collecting income tax on behalf of the Government by taking it directly from your employees' wages.
finance
accounting
PCAOB
PCAOB - Public Company Accounting Oversight Board -- a private-sector, non-profit corporation charged with overseeing the auditors of public companies
auditing
Pensioenregeling
pensioenregeling - A general term to describe some form of arrangement for continuing payments to retirees
accounting
Periodekosten
periodekosten - A cost not attributable to the acquisition or manufacture of inventory; expensed as incurred
cost accounting
Periodiciteitsveronderstelling
periodiciteitsveronderstelling - An accounting assumption that purports to divide a continuous business process into measurement intervals, such as months, quar...
accounting
Periodiek voorraadsysteem
periodiek voorraadsysteem - An inventory system that utilizes a Purchases account and does not update inventory with each sale; inventory is updated by physi...
accounting
Permanent voorraadsysteem
permanent voorraadsysteem - A "real-time" inventory system that updates inventory records with each purchase and sale
accounting
Personenvennootschap
personenvennootschap - A non-corporation representing an association of two or more persons organized to carry out a business plan for a profit motive
accounting
Preferente aandelen
preferente aandelen - A class of stock that generally benefits from a stipulated periodic dividend and priority in liquidation; but, usually lacking in upside p...
accounting
Prijselasticiteit van de vraag
Product elasticity of demand (PED) - The degree to which demand for products or services changes due to changes in price.
finance
accounting
Primaire kosten
primaire kosten - Product costs that are direct in nature; direct materials and direct labor
cost accounting
Pro forma financiële overzichten
pro forma financiële overzichten - "As if" budgeted financial statements
financial reporting
financial planning
Proceskostencalculatie
proceskostencalculatie - Process costing is a method to allocate the total costs of production to homogenous units produced via a continuous process that usuall...
cost accounting
Proceskosteningmethoden
proceskosteningmethoden - A product costing method particularly well suited to situations where production occurs in a continuous process; costs are pooled a...
cost accounting
Productactiviteit
productactiviteit - Activities that relate to the number of products produced; independent of the number of units produced
accounting
Productiebegroting
productiebegroting - A budget that details planned levels of production; takes into account sales and inventory build/decline
cost accounting
financial planning
Productkosten
productkosten - Costs that attach to a product; the summation of direct materials, direct labor, and factory overhead
cost accounting
Proefbalans na afsluiting
proefbalans na afsluiting - Reveals the balance of accounts after the closing process, and consists of balance sheet accounts only
financial reporting
Prospectus
prospectus - The documentation describing financial and business aspects of an initial public offering
financial reporting
Terugverdientijd-methode
terugverdientijd-methode - Easy method for evaluating capital projects; calculated by dividing the initial investment by the annual cash inflow
accounting
Voorkeursrecht
voorkeursrecht - A right that may or may not be provided to shareholders enabling them with a first right of refusal to buy any additional shares offered b...
accounting
Vooruitbetaalde kosten
vooruitbetaalde kosten - Goods or services purchased in advance of their consumption
accounting
Vooruitbetaling
Vooruitbetaling - An amount paid for in advance for and benefit to the business, such as insurance premiums or rent in advance. Initially recognised as an asset...
finance
accounting
Voorziening
Voorziening - A liability of uncertain timing or amount.
finance
accounting
Voorziening dubieuze debiteuren
Provision For Doubtful Debts - An estimate of the risk of not collecting full payment from credit customers, reported as a deduction from trade receivable (debt...
finance
accounting
Winst
Winst - Calculated as revenue (income) minus expenses.
finance
accounting
Winst- en verliesrekening
Profit and loss account - A financial statement that shows the income and outgoings of a company over a certain period of time showing the net profit or loss fo...
finance
accounting
Winstcentrum
winstcentrum - Business unit that has control over both costs and revenues and is therefore evaluated on the profit outcomes
cost accounting
Q
Quick ratio
quick ratio - An extreme measure of liquidity, calculated by dividing quick assets (cash, short-term investments, and accounts receivable) by current liabili...
accounting fundamentals
R
Bedrijfsuitgaven
bedrijfsuitgaven - Not a capital expenditure; to be expensed as incurred
accounting
Detailhandel voorraadmethode
detailhandel voorraadmethode - An inventory costing technique used by retailers that extrapolates inventory values by applying cost-to-retail percentages to kno...
cost accounting
Geregistreerde obligatie
geregistreerde obligatie - A bond for which ownership records are maintained, and interest is paid to the registered owner
accounting
Grondstoffen
grondstoffen - The components that will be used in manufacturing units that are not yet started -- also known as direct materials
accounting
Handelsregister
Registrar Of Companies - An official authorised by the government to maintain a record of all annual reports and other documents issued by a company.
finance
accounting
Herformulering
herformulering - The financial statements of prior periods are redone to reflect the correct amounts
financial reporting
Herwaardering
herwaardering - Uses a variety of exchange rates to convert assets and liabilities of a foreign affiliate to the reporting currency; adjustment may impact op...
financial reporting
accounting fundamentals
Ingehouden winsten
ingehouden winsten - The excess of a corporation's income over its dividends
financial reporting
Middel
middel - The elements consumed by activities and cost objects
cost accounting
Middelenfactor
middelenfactor - The concept that activities create the need for resources which will be consumed in the production process
cost accounting
Omzet
omzet - Inflows and other benefits received in exchange for the providing of goods and services
accounting
Op regels gebaseerd
op regels gebaseerd - The idea that accounting standards must be very specific to provide adequate guidance and drive consistency in reporting
accounting
Opbrengstverantwoording
opbrengstverantwoording - The point at which revenue is recognized in the accounting records; ordinarily the point of sale
accounting
Radio Frequency Identification
radio frequency identification - (RFID) Micro processes embedded in inventory that emit radio frequency signals that enable a computer to automatically track...
accounting
Reële rekeningen
reële rekeningen - Asset, liability, and equity accounts; balances are carried forward from the end of one period into the beginning of the next period
accounting fundamentals
Reële rente
Real interest rate - The rate of interest minus the current rate of inflation.
finance
accounting
Relevant bereik
relevant bereik - The level of activity for which assumptions underlying CVP are expected to hold true
accounting
Relevante kosten
relevante kosten - Items where future costs and revenues are expected to differ for the alternative decisions under consideration
cost accounting
Relevantie
relevantie - A fundamental quality of accounting such that information should be timely and bear on the decision-making process by possessing predictive or co.....
accounting
Rendement op activa
rendement op activa - A ratio comparing income (net income plus interest) to the average total assets
financial reporting
accounting fundamentals
Rendement op eigen vermogen
rendement op eigen vermogen - A ratio comparing income (net income minus preferred dividends) to the average total equity
financial reporting
accounting fundamentals
Rendement op geïnvesteerd vermogen
Return on Capital Employed (ROCE) - This ratio is arguably the most vital for the control of performance in large, delegated, businesses. It is made up from the...
finance
accounting
Reserves
Reserves - The claim which owners have on the assets of a company because the company has created new wealth for them over the period since it began. Most commo...
finance
accounting
Residueel inkomen
residueel inkomen - An internal assessment technique that adjusts income for a presumed cost of capital (or other threshold rate of return); operating income -....
financial reporting
cost accounting
+1
Restwaarde
restwaarde - Amount expected be realized at the end of an asset's service life; "salvage value"
accounting fundamentals
Retrospectieve aanpassing
retrospectieve aanpassing - Revision of the financial statements for prior periods to reflect the application of a current change in accounting method
financial reporting
Return on Investment
return on investment - ROI: A model consisting of a margin component (Operating Income/Sales) and turnover component (Sales/Average Assets); reduces to Opera...
financial reporting
accounting fundamentals
Return on Investment (ROI)
Return on investment (ROI) - The earning power of an asset or activity measured as a ratio of the net income of the activity to the operational cost. ROI lets a...
finance
accounting
ROI (Return on Investment)
ROI (Return on Investment) - a financial metric that measures the profitability of an investment relative to its cost
finance
metrics
+2
Terugboekingsboeking
terugboekingsboeking - Optional accounting procedure which may prove useful in simplifying record keeping; a journal entry to "undo" an adjusting entry
accounting
Verantwoordelijkheidscentrum
verantwoordelijkheidscentrum - The part of an organization under the control of a manager
accounting
Vervanging
vervanging - A restoration of an asset, at least partially, to its original condition; such costs may be capitalized by reducing accumulated depreciation
cost accounting
accounting fundamentals
S
Aandeel
aandeel - Transferable units of ownership in a corporation
accounting
Aandeelhouders
Aandeelhouders - Owners of a limited liability company.
finance
accounting
Aandelenbewijs
Aandelenbewijs - A document providing evidence of share ownership.
finance
accounting
Aandelenkapitaal
Aandelenkapitaal - Name given to the total amount of cash which the shareholders have contributed to the company.
finance
accounting
Aandelensplitsing
aandelensplitsing - A corporate action to increase the number of shares and reduce the par per share by a stipulated ratio (e.g., 2 for 1)
accounting
Agio
Agio - The price paid for shares in a company over and above their nominal value.
finance
accounting
Balanced Scorecard
balanced scorecard - A system for evaluating elements that are important to the organization and under the control of an employee holding that position
accounting
Belanghebbenden
Belanghebbenden - A general term devised to indicate all those who might have a legitimate interest in receiving financial information about a business because ...
finance
accounting
Brondocument
brondocument - A document evidencing a transaction or event and potentially providing for the initiation of a journal entry
accounting
Duurzaamheid
duurzaamheid - Development without depletion of natural resources or negative effects on the environment
accounting
Eenmanszaak
eenmanszaak - A non-corporation business owned by a sole individual
accounting
Effect
Effect - Typically required by lenders against a loan, such as premises or plant equipment.
finance
accounting
Effecten
Effecten - Government bonds, ordinary shares in companies, debentures, loans, preference shares, etc. are all collectively described as effecten.
finance
accounting
Enkelvoudige rente
enkelvoudige rente - Interest calculations that do not provide for periodic inclusion of accumulated interest into the base on which interest is calculated
accounting
Enkelvoudige winst- en verliesrekening
enkelvoudige winst- en verliesrekening - A simple income statement with a section for all revenues and another for all expenses; there is no direct association ...
financial reporting
Gebruiksduur
gebruiksduur - The period of time that a depreciable asset will be in use by an entity; the time interval over which the asset will be depreciated
accounting fundamentals
Gedekte lening
Gedekte lening - Loan where the lender has taken a special claim on particular assets or revenues of the company to give extra protection in the event of the lo...
finance
accounting
Gedekte obligatie
gedekte obligatie - A bond that provides specific assets as collateral to help assure the payment stream
accounting fundamentals
Invloed van betekenis
invloed van betekenis - The ability to sway management and decision making of another entity, but generally not enough to assert absolute control
accounting
Kasstroomoverzicht
kasstroomoverzicht - A financial statement that summarizes the cash flows relating to operating, investing, financing, and noncash investing/financing a...
financial reporting
KMO
SME - Small or Medium Sized Enterprises. A business is deemed an SME if it meets two of three criteria: it has a turnover of £25m or less, it employs fewer ...
finance
accounting
Lineaire afschrijving
lineaire afschrijving - A simple depreciation method by which the depreciable base is spread uniformly over the service life
accounting
Lineaire methode
lineaire methode - A method for amortizing premiums and discounts on bonds; the premium or discount is spread uniformly over the life of the bond as an a...
accounting
Mutatieoverzicht ingehouden winsten
mutatieoverzicht ingehouden winsten - A financial statement that discloses changes in retained earnings during a designated period of time; those changes usuall...
financial reporting
Normen
normen - Benchmarks against which actual productive activity is compared
accounting
Obligatie met aflossingsfonds
obligatie met aflossingsfonds - A bond issue that requires periodic setting aside of monies into a separate fund to provide for eventual repayment of the debt a...
accounting
Sarbanes-Oxley Act
Sarbanes-Oxley Act - "SOX" -- Legislation that imposes stringent controls over reporting and auditing; created the Public Accounting Oversight Board
auditing
Securities and Exchange Commission
Securities and Exchange Commission - "SEC" -- regulatory body with which public companies must file and report
accounting
Segment
segment - A business unit for which separate financial information is evaluated by an operating decision maker who allocates resources and judges performance...
financial reporting
Serieobligatie
serieobligatie - A bond issue that has multiple repayment dates, rather than the entire issue maturing at one fixed maturity date
accounting
Six Sigma
Six Sigma - A trademarked quality management system developed by Motorola; driven by pursuit of statistical results that reflect near perfection in productio...
cost accounting
Speciale order
speciale order - A customer order that is outside of the normal pricing and terms
accounting
Specifieke identificatiemethode
specifieke identificatiemethode - Inventory costing method where the actual cost of each unit of merchandise is tracked and used for accounting purposes
cost accounting
Spreidingsdiagram
spreidingsdiagram - A simplistic mapping of observed data points, where a line is "visually" drawn to represent the estimated cost function
cost accounting
Stabiele muntveronderstelling
stabiele muntveronderstelling - An accounting assumption that presumes the currency is not impacted over time by inflation
accounting
Standaardkosten
standaardkosten - A measure of what costs should be incurred to achieve the observed output
cost accounting
Statische begroting
statische begroting - A budget that does not anticipate alternative outcomes; estimated sales and expenses are fixed and establish the relevant benchmarks
financial planning
Stockdividend
stockdividend - A noncash corporate activity to provide shareholders with additional shares in proportion to existing ownership; makes for more shares outst...
accounting fundamentals
Subrekening
subrekening - A subcomponent account record providing individual balance details; e.g., the record for one customer out of a group of customers compri...
accounting
SUTA
SUTA - State Unemployment Tax levied on employer to provide funds for unemployed workers; rate is adjusted for employer history of layoffs, etc.
taxation
Trapkosten
trapkosten - A cost function that is fixed over a range, and then increases by a measured step to a new level at the next higher increment of activity
cost accounting
Trapsgewijze toewijzingsmethode
trapsgewijze toewijzingsmethode - An allocation process whereby some service department costs may be assigned to other service departments as part of a s...
cost accounting
Verkoop- en beheerkosten
SG&A - Selling, general, and administrative costs; the period costs of the business
cost accounting
Verkoop- en beheerkostenbegroting
SG&A budget - A budget that details anticipated selling, general, and administrative costs
cost accounting
financial planning
Verkoopbegroting
verkoopbegroting - A budget that details anticipated sales levels
financial planning
Verkoopkortingen
verkoopkortingen - A cash discount offered to customers to encourage prompt payment of invoices
accounting
Verzonken kosten
verzonken kosten - Historical amount expended on a project or object; not relevant to current decisions or future actions
accounting
Zelfstandig ondernemer
Zelfstandig ondernemer - An individual owning and operating a business alone.
finance
accounting
T
Eigen aandelen
eigen aandelen - Shares of a company's own stock that it has reacquired
accounting
Handelscrediteuren
Handelscrediteuren - Persons or businesses who supply goods or services to a business in the normal course of trade and allow a period of credit before payment ...
finance
accounting
Handelsdebiteuren
Handelsdebiteuren - Persons or businesses who buy goods or services from a business in the normal course of trade are allowed a period of credit before payment ...
finance
accounting
Handelsdebiteuren
handelsdebiteuren - Amounts due from customers from credits sales of products or services
accounting
Handelseffecten
handelseffecten - Investments in debt acquired with the intent of generating profits by reselling the investment in the very near future; classified as cu...
accounting fundamentals
Handelskorting
handelskorting - A reduction from list price that is not entered in the accounting records; customarily offered in "setting" the invoice amount
accounting
Materiële vaste activa
Materiële vaste activa - A fixed asset (also called a non-current asset) which has a physical existence. Used to differentiate it from an Intangible fixed asset...
finance
accounting
Omrekening
omrekening - Uses prevailing exchange rates to convert assets and liabilities of a foreign affiliate to the reporting currency; adjustment may impact other ...
financial reporting
accounting fundamentals
Omzet
Omzet - The total sales of a business during a specified period.
finance
accounting
Proefbalans
proefbalans - A listing of account balances from the ledger, used to test the equality of debits and credits
accounting
Streefinkomen
streefinkomen - A level of income that is to be obtained; CVP projects activity levels necessary to achieve this benchmark
financial reporting
T-rekening
T-rekening - An abstract representation of an account, with the left side of the "T" representing debits and the right side credits
accounting
Theory of Constraints
theory of constraints - (TOC) Efficiency is improved by seeking out and eliminating constraints within the organization
accounting
Tijdelijke rekeningen
tijdelijke rekeningen - Accounts that will be reset to a zero balance with each new accounting period; revenue, expense, and dividend accounts (also called "nom...
accounting
Tijdigheid
tijdigheid - An enhancing quality of accounting such that information is available in sufficient time to be capable of influence
accounting
Tijdswaarde van geld
tijdswaarde van geld - Conceptual notion holding that money to be received sooner is worth more than money to be received later
accounting
Totaal gestort kapitaal
totaal gestort kapitaal - The sum of legal capital plus paid-in capital in excess of par
accounting
Total Quality Management
total quality management - (TQM) A process for continuous improvement by focusing on customer service and systematic problem solving via teams made up of fro...
accounting
Traceerbare vaste kosten
traceerbare vaste kosten - Fixed costs that would not exist if the unit under evaluation ceased to exist
cost accounting
Van boven opgelegde begroting
van boven opgelegde begroting - A budget approach where upper level management establishes parameters under which the budget is to be prepared
financial planning
Verrekenprijzen
verrekenprijzen - The system of setting prices at which goods are exchanged between affiliated units; usually involving cross-border transactions
accounting
U
Afschrijving naar productie-eenheden
afschrijving naar productie-eenheden - A depreciation approach where the depreciable base is allocated to the expected total units of output; mileage, hours, et...
accounting
Begrijpelijkheid
begrijpelijkheid - An enhancing quality of accounting such that information is clear and concise to those with reasonable business knowledge
accounting
Eenheidsactiviteit
eenheidsactiviteit - Activities that relate to the number of units of output; each additional unit of production requires another activity
cost accounting
Te weinig toegerekende overheadkosten
te weinig toegerekende overheadkosten - Applied overhead is less than the actual amount; usually viewed as a unfavorable outcome, because more has spent than an...
cost accounting
Vooruitontvangen opbrengsten
vooruitontvangen opbrengsten - Revenue that has been collected in advance of providing goods and services to "earn it;" reported as a liability until earned
accounting fundamentals
V
Afwijkingen
afwijkingen - Deviations from the norm that may provide warning signs of situations requiring corrective action by managers
accounting
Bestedingsverschil variabele overheadkosten
bestedingsverschil variabele overheadkosten - A variance that reflects the difference between actual variable overhead and standard variable overhead associated...
cost accounting
Controleerbaarheid
controleerbaarheid - An enhancing quality of accounting such that different knowledgeable and independent observers reach similar conclusions
accounting
Durfkapitaal
Venture capital - Capital invested into projects with long term growth potential but also higher risks, such as start-up businesses.
finance
accounting
Efficiëntieverschil variabele overheadkosten
efficiëntieverschil variabele overheadkosten - A variance that reflects the level of efficiency associated with the application of variable overhead to producti...
cost accounting
Variabele kosten
Variable costs - Costs that vary in some kind of proportion to throughput (production), e.g. materials. Each same product takes the same amount of material, so ...
finance
accounting
Variabele kosten
variabele kosten - A per unit cost that is the same regardless of volume; total variabele kosten increases with volume increases
cost accounting
Variabele kostprijscalculatie
variabele kostprijscalculatie - A costing method where inventory absorbs direct costs and variable factory overhead; the income statement identifies the contrib...
financial reporting
cost accounting
W
Arbeidsongevallenverzekering
arbeidsongevallenverzekering - Insurance paid by the employer to cover work related injuries sustained by employees
accounting
Garantieverplichting
garantieverplichting - A liability that is recorded for the future costs of claims that are anticipated because of product warranty agreements
cost accounting
accounting fundamentals
Gewogen gemiddelde proceskostencalculatie
gewogen gemiddelde proceskostencalculatie - A process costing technique where all units of production are assigned the same cost; determined by blending of curr...
cost accounting
Gewogen gemiddelde voorraadmethode
gewogen gemiddelde voorraadmethode - Under the periodic inventory system; inventory cost is based on the average cost of units purchased giving consideration .....
cost accounting
Onderhanden werk
Work in progress - As its name implies, it is the value of the products on which work has been started but is not yet complete.
finance
accounting
Onderhanden werk
onderhanden werk - Goods that are in production but not yet complete; an accumulation of monies spent on direct material, direct labor, and applied manufactur.....
cost accounting
W-2
W-2 - An annual statement provided to employees stating the amount of earnings and withholdings; assists employee in preparing their own tax returns
financial reporting
taxation
W-4
W-4 - A form filled out by an employee stating the amount of exemptions to which they are entitled for tax purposes; such exemptions bear on the amount of in...
financial reporting
taxation
Werkkapitaal
werkkapitaal - The difference between current assets and current liabilities
accounting fundamentals
Z
Nulbasis budgettering
nulbasis budgettering - A budget approach where each expenditure item must be justified for each new budget period
financial planning