What is Debt? What are Bad Debts?
Borrowing and Lending What is DEBT? Debt is something, usually money, borrowed by one party from another. Who is … […]
Continue reading
Cash Flow Statement
What is a cashflow statement? A cash flow statement is a financial statement that shows the amount of cash and cash […]
WRITING INTRODUCTIONS for IELTS
Writing an introduction for Academic IELTS Task 2 can be done easily by following three steps: 1. Start with a […]
TYPES of VALUE – English for Accounting
The IAS 36 (International Accounting Standards) Impairment of Assets defines different types of value. Its main objective is to make […]
BEC Vantage – Speaking Part 1
BEC Vantage – Speaking Part 1
INTERNATIONAL FINANCIAL REPORTING STANDARDS – 1
IFRS 1 First-time Adoption of International Financial Reporting Standards Overview IFRS 1 First-time Adoption of International Financial Reporting Standards sets […]
TYPES of CONTRACT CLAUSES in English
Contract law relates to making and enforcing [egzekwowanie, wykonanie] agreements. Both companies and customers use contracts for many transactions such […]
PROFIT AND LOSS ACCOUNT – vocabulary
Profit and loss account or also known as the income statement is one of the major financial statements (others include: […]
PLACING AN ORDER
Companies buy and sell goods and to do so they need to deal with orders. Typically orders have a date […]
INVESTMENT – vocabulary
As Warren Buffett once said: “Rule No. 1: Never lose money. Rule No. 2: Never forget rule No. 1” – […]