English for ACCA - Cost Accounting

thuyvynguyendinh

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1. anticipate: to imagine or expect that something will happen
2. appreciable: large or noticeable enough to have a significant effect
3. attributable to: caused by or connected to
4. bottom-line: the final line in the accounts, the net profit or loss made by a company
5. breakeven point: the figure at which neither profit or loss is made
6. budget: a plan that shows how much money you have, will have and what it will be spent on
7. classify: to divide things into groups according to their type
8. cost accounting: the process in which all costs are examined
9. cost reduction: the process of minimizing any expenses due from direct business activity
10. costs incurred : any expenses due as a direct result of business activity
11. feasibility: the possibility that can be made, done or achieved or is reasonable
12. implement: to put into effect
13. matching principle: the idea that expenses should be allocated to a revenue stream where possible
14. notional: existing as an idea or as an approximate amount
15. opportunity costs: the imagined loss made on not following a certain course of action instead
 

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