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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. Highest or most extreme levels achieved. To write down or say what happened.

/bēˈkəz/

because
conjunction

for reason that.

/ˈinvənˌtôrē/

inventory
noun verb

complete list of items. make inventory of.

/ˈlendiNG/

lending
noun verb

action of allowing person use of sum of money under agreement to pay it back later. To give help or support to someone in need.

/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 submit a report or bill to the government.

/ˈbiznəs/

business
noun

Activity of working to make a profit.

/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. null.

/ˈkapədl/

capital
adjective exclamation noun

Main, or major. expressing approval. Money that is used for a business.

/ˌprīˈmerəlē/

primarily
adverb

for most part.

/CHānj/

changes
noun other verb

act or process bringing change. Acts of making or becoming something else. To replace something with another thing.

/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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