Englisch 3
Test 3
Test 3
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Cartes-fiches
even if someone of these earnings are retained
kept by the company and not paid out in dividends
balance sheet
A cmpany's balance sheet gives a snapshot photo of its assets and liabilities (Aktiven und Passiven) at the end of a particular period.
liabilities
everything it owes (schulden) this are debts to suppliers, lenders, bondholders, the xax authorities etc.
asset
An asset is something that has value or the power to earn money for a business. (Aktiven) :
Current assets
physical assets
intangible assets
current assets
cash
securities
stocks
debtors
securities (assets)
investments in other companies
bad debts
customers, money that will probably never be paid
fixed, tangible or physical assets
machinery, buildings and land
intangible assets
for example the value that the company things it has as a functioning organization with its existing custoemrs, and sometime brands
goodwill (intangible asset)
the value that the company things it has as a functioning organization with its existing custoemrs (Firmenwert)
to wear out and become osolete
some assets such as machinery lose their value over time. abnutzen und veralten
depreciation or amortized
Abschreibung, Wertverlust, Herabsetzung
a charge is shown in the accounts
Kosten / Aufwendung sieht man in der Buchhaltung
written down or written off completely
the value of the equipment is reducaes each year and completely at the end
book value and marked value
the value may or may not be the amount that it could be sold for at that time. land may be more than shown.
Current liabilities
are debts that have to be paid within a year
creditors
overdrafts
interes payments
tax payable
overdrafts (current liabilities)
when the company spend more money that it has in its bank accounts
interes payment (current liabilities)
Zins, that have to be paid in the short term
tax payable (current liabilities)
money owed to the tax authorities
Long-term liabilities
are debts that have to be paid further into the future, for example long-term bank loans and bonds
deduct a company's liabilities fromt its assets
you are left with
shareholders' equity : Kapital der Aktionäre
owners' equitiy : Kapital der Eigentümer
shareholders' funds : flüssige Mittel, Vermögen
kept by the company as reserve or retained earnings
Reserven oder Ergebnisvortrag, Gewinnrückstellung
