Financial Statements


detail /ˈdiːteɪl/
(v) to give a list of facts or all the available information
Example: The office manager detailed each step of the inventory process at the staff meeting

forecast /ˈfɔːkɑːst/
(n, v) a statement about what will happen in the future, based on information that is available now
Example: Analysts forecast a strong economic outlook

level /ˈlevl/
(n) the amount of something that exists in a particular situation at a particular time
Example: We have never had an accountant work at such a sophisticated level before

overall /ˌəʊvərˈɔːl/
(adj) general
Example: Overall, our costs are running true to prediction

perspective /pəˈspektɪv/
(n) a way of thinking about something
Example: The budget statement will give the manager some perspective on where the costs of running the business are to be found

project /ˈprɒdʒekt/
(v) to plan an activity, a project etc, for a time in the future
Example: The director projects that the company will need to hire ten new employees his year

realistic /ˌriːəˈlɪstɪk/
(adj) accepting in a sensible way what it is actually possible to do or achieve in a particular situation
Example: Stefano found that an accurate accounting gave him a realistic idea of his business's financial direction

target /ˈtɑːɡɪt/
(v, n) to try to have an effect on a particular group of people
Example: We targeted March as the deadline for completing the financial statement

translation /trænzˈleɪʃn/
(n) the process of changing something that is written or spoken into another language
Example: The translation of the statement from Japanese into English was very helpful

typically /ˈtɪpɪkli/
(adv) used to say that something usually happens in the way that you are stating
Example: Office expenses typically include such things as salaries, rent, and office supplies

yield /jiːld/
(n) the total amount of crops, profits
Example: The company's investment yielded high returns