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What is the purpose of Financial Accounting?

21,695 views

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

98%
  • 5:05 / 5:10

Speech Rate:

  • 116 wpm - Conversational

Category:

  • Education

Intro:

Special thanks to The Free Dictionary for providing us with the information used in this web page

Video Vocabulary

/kəˈmyo͞onəˌkāt/

communicates
verb

To give and exchange information.

records
noun other verb

thing constituting piece of evidence about past. Round plastic discs on which music has been stored. To write down or say what happened.

/bēˈkəz/

because
conjunction

For a reason.

/ˈinvənˌtôrē/

inventory
noun verb

complete list of items. To list the things stored at a place.

/ˈlendiNG/

lending
noun verb

action of allowing person use of sum of money under agreement to pay it back later. To let someone borrow something for a while.

/ˈinˌflō/

inflows
noun other

large amount of money, people, or water. Process of flowing in.

/rəˈpôrt/

reports
noun other verb

account given of particular matter. Official statements about some things. To write in a newspaper or speak on a news program.

/ˈbiznəs/

business
noun

person's regular occupation etc..

/tranˈzakSH(ə)n/

transactions
noun other

instance of buying or selling something. An exchange in business usually involving money.

/əˈkwipmənt/

equipment
noun

Tools or materials used to perform a task.

/dəˈtāl/

details
noun other verb

individual fact or item. Small parts of some things; tiny facts. describe fully.

/ˈkapədl/

capital
adjective exclamation noun

liable to death penalty. expressing approval. Official main city of a country, province or state.

/ˌprīˈmerəlē/

primarily
adverb

In the most basic or important way.

/CHānj/

changes
noun other verb

act or process bringing change. Acts of making or becoming something else. To exchange one kind of money for another.

/inˈvestər/

investors
noun other

person or organization that puts money into financial schemes, property, etc. with expectation of achieving profit. People who spends money to help business grow.

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