BUSINESS VOCABULARY
Business English
Samenvatting Unit 45 t/m 59
In deze samenvatting zijn alle woorden van de unit 45 t/m 59 opgenomen met de betekenis.I
De samenvatting is grotendeels in het Engels, maar hier een daar een Nederlandse vertaling.
, Unit 45 Shareholder value
Yield (opbrengst) of a The dividend per share that it pays out in relation to the share price
company’s shares
Income shares Shares that have high dividends in relation to their prices
Growth shares Typically with lower yields, if they think the company’s profit will grow
over the incoming years and that the shares will increase in value
Not all earnings are distributed Companies keep some as retained (ingehouden) earnings
to shareholders
Earnings per share (EPS) How well the money is working, this is calculated by dividing the after-tax
profit by the number of shares outstanding
Number of shares outstanding The number issued and in existence
Price-earnings ratio (PE ratio) The share price divided by the earnings per share
Return on investment (ROI) Maximise shareholder value
Shareholder value The total amount the shares they hold are paying out in dividends
Strategic decisions Making the right acquisitions and divestment of business units that do
not make enough profit even if they are not actually loss-making
Unit 46 Accounting standards
Auditors Specialist external accountants, approving if they think the accounts give
a true and fair view of the company’s situation, if not they specify the
qualifications they have about the accounts
Companies that give misleading False information, are said cook the books, they may overstate or
information understate particular amounts, guilty of fraud
Expectation gap Gap between what they are required by law to do and what clients and
investors sometimes expect them to do
The scandal of Enron and other Investors became increasingly worried about accounting irregularities or
corporate collapses in the US false accounting, and they are demanding that auditors should be more
strictly regulated
Strictly regulated The authorities should supervise them more closely
Regulators Government agencies checking that the law is applied and are demanding
more transparency, they say audits should ensure that the company’s
accounts should give a clear picture of its financial situation, they are
particular concerned with auditor rotation and conflict of interests
Auditor rotation The principle that companies should be obliged to change their auditors
regularly
Conflict of interests Some say that a company’s auditors should not be allowed to do its
consultancy work
Financial Reporting Council Governing the way accounts are presented
(FRC)
Generally Accepted Accounting Promoted by the Financial Accounting Standards Board (FASB)
Principles (GAAP)
International Accounting Standards or rules that companies all over the world will, ideally, end up
Standards (IAS) using
Bodies Organizations, such as the International Organizations of Securities
Commissions (IOSCO), that will eventually accept these standards,
representing stock markets all over the world including the all-important
Securities and Exchange Commission (SEC) in the US
Regulatory powers Its right to control financial activities
Oversight Control
Unit 47 The business cycle
Key indicators - The jobs market: how many people are in employment and how
many are out of work or unemployed
- Disposable incomes: what people have available to spend after
buying essentials such as food, electricity, etc.
- Retail sales/consumer spending: how much people are spending
in the shops, this is related to consumer borrowing: how much
Business English
Samenvatting Unit 45 t/m 59
In deze samenvatting zijn alle woorden van de unit 45 t/m 59 opgenomen met de betekenis.I
De samenvatting is grotendeels in het Engels, maar hier een daar een Nederlandse vertaling.
, Unit 45 Shareholder value
Yield (opbrengst) of a The dividend per share that it pays out in relation to the share price
company’s shares
Income shares Shares that have high dividends in relation to their prices
Growth shares Typically with lower yields, if they think the company’s profit will grow
over the incoming years and that the shares will increase in value
Not all earnings are distributed Companies keep some as retained (ingehouden) earnings
to shareholders
Earnings per share (EPS) How well the money is working, this is calculated by dividing the after-tax
profit by the number of shares outstanding
Number of shares outstanding The number issued and in existence
Price-earnings ratio (PE ratio) The share price divided by the earnings per share
Return on investment (ROI) Maximise shareholder value
Shareholder value The total amount the shares they hold are paying out in dividends
Strategic decisions Making the right acquisitions and divestment of business units that do
not make enough profit even if they are not actually loss-making
Unit 46 Accounting standards
Auditors Specialist external accountants, approving if they think the accounts give
a true and fair view of the company’s situation, if not they specify the
qualifications they have about the accounts
Companies that give misleading False information, are said cook the books, they may overstate or
information understate particular amounts, guilty of fraud
Expectation gap Gap between what they are required by law to do and what clients and
investors sometimes expect them to do
The scandal of Enron and other Investors became increasingly worried about accounting irregularities or
corporate collapses in the US false accounting, and they are demanding that auditors should be more
strictly regulated
Strictly regulated The authorities should supervise them more closely
Regulators Government agencies checking that the law is applied and are demanding
more transparency, they say audits should ensure that the company’s
accounts should give a clear picture of its financial situation, they are
particular concerned with auditor rotation and conflict of interests
Auditor rotation The principle that companies should be obliged to change their auditors
regularly
Conflict of interests Some say that a company’s auditors should not be allowed to do its
consultancy work
Financial Reporting Council Governing the way accounts are presented
(FRC)
Generally Accepted Accounting Promoted by the Financial Accounting Standards Board (FASB)
Principles (GAAP)
International Accounting Standards or rules that companies all over the world will, ideally, end up
Standards (IAS) using
Bodies Organizations, such as the International Organizations of Securities
Commissions (IOSCO), that will eventually accept these standards,
representing stock markets all over the world including the all-important
Securities and Exchange Commission (SEC) in the US
Regulatory powers Its right to control financial activities
Oversight Control
Unit 47 The business cycle
Key indicators - The jobs market: how many people are in employment and how
many are out of work or unemployed
- Disposable incomes: what people have available to spend after
buying essentials such as food, electricity, etc.
- Retail sales/consumer spending: how much people are spending
in the shops, this is related to consumer borrowing: how much
