What are the professional English terms commonly used in foreign enterprise finance?

There are many kinds of foreign companies, such as European companies, North American companies, Japanese and Korean companies. Their organizational structure, management mode and corporate culture are different, so the division of functions of the financial department is also different. The larger a group is (for example, it ranks among the top in the world 100), the more unique its organizational structure and professional title, which is not common in other enterprises.

The relatively pure and narrow sense of "foreign enterprise" can be called multinational company, or MNC (multinational company) in English. This word is common in English recruitment notices of foreign companies, such as requiring job seekers to have MNC work experience in the past.

Professional English terms commonly used in foreign enterprise finance are:

FA = fixed assets, IP= investment real estate investment real estate, BS = balance sheet balance sheet, P & amp； L = profit and profit. Loss profit and loss.

CF=Cashflow cash flow, GL= general ledger, AP= accounts payable, AR = accounts receivable.

FS= financial statements, WP = working papers, PR = public relations, NCI = non-controlling interests, minority shareholders' interests.

IFRS = International Financial Reporting Standards International Financial Reporting Standards, GAAP = Generally Accepted Accounting Principles.

Extended data:

Common financial positions in foreign companies:

1, accounting position. Accounting business is also divided into several groups:

(1) From sales order to collection, the main responsibilities include customer file maintenance, credit review, order processing, delivery invoicing, revenue confirmation, accounts receivable write-off, reconciliation and collection.

(2) From procurement to payment, the main responsibilities include maintaining supplier files, checking purchase invoices and receipts, posting accounts payable, reconciliation, verification, payment, cashier, expense accounting and bank reconciliation. Common words in job description include invoice matching, payment, AP, t& etc. E. bank reconciliation, etc.

(3) From the general ledger to the report, the main responsibilities include posting the general ledger module, entry of transfer vouchers, month-end amortization withholding, fixed assets and construction in progress accounting, inventory accounting, internal current accounting and reconciliation, wages and benefits accounting, operating statements, consolidated statements, exchange gains and losses processing, and the beginning and end of the accounting period.

(4) From production to inventory, it is only applicable to manufacturing plants, which is equivalent to the cost accounting of domestic enterprises, but the inventory mentioned here only refers to productive inventory accounting, including distribution processing of raw materials and work in process.

2. Corporate functions of the company. There are not many such positions in MNC's China operator companies, and they are mainly concentrated in the China or Asia-Pacific headquarters of large MNC.

3. Senior management positions. The most typical title of senior management positions in multinational companies is FD (Chief Financial Officer). Some companies have FC but no FD, or some companies have FD and no FC. This situation belongs to the similar responsibilities of FC and FD, but with different titles.