Financial Reporting

noun a person whose profession is inspecting and managing financial accounts

• The accountant prepared the financial statements for the company.
• I heard the accountant is crunching numbers for the annual report.
• The number-cruncher at the firm is the accountant.
• The accountant is the gatekeeper of the company's financial health.

noun a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time

• The balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• I need to update the balance sheet with the latest financial data for our meeting tomorrow.
• I'm crunching numbers for the balance sheet - it's a real headache!
• In life, we all have a personal 'balance sheet' of our accomplishments and failures.

noun documents or papers that have been filed or submitted, typically for legal or official purposes

• The company's annual filings with the Securities and Exchange Commission are thorough and detailed.
• I need to go through all these filings to find the information I'm looking for.
• I can't believe how many filings I have to deal with, it's overwhelming.
• His mind was like a filing cabinet, neatly organizing and storing away memories and information.

noun a form on which a taxpayer makes an annual statement of income and personal circumstances, used by the tax authorities to assess liability for tax.

• It is important to accurately report all income and deductions on your tax return.
• Don't forget to file your tax return before the deadline!
• I dread doing my tax return every year.
• Completing my tax return feels like solving a puzzle.

noun The exclusive owner of a business

• The sole proprietor of the company made all the major decisions.
• The sole proprietor is the boss around here.
• The sole proprietor calls all the shots.
• As the sole proprietor of his own destiny, he took control of his future.

noun a book in which financial transactions are recorded

• The accountant meticulously recorded all transactions in the account book.
• I need to update my account book with all the recent expenses.
• I can't find my account book anywhere, it's driving me crazy!
• Her memory was like an accurate account book, never forgetting a detail.

noun a machine used for keeping financial records and performing accounting tasks

• The company recently invested in a new accounting machine to streamline their financial processes.
• I heard they got a fancy new accounting machine at the office to help with all the number crunching.
• I can't believe how fast the accounting machine is at adding up all those expenses!
• Her mind works like an accounting machine, always calculating and analyzing every situation.

noun an amount of money owed to a company by a customer for goods or services provided on credit

• The company's accounts receivable department is responsible for tracking and collecting payments from customers.
• Hey, make sure you send out those invoices so our accounts receivable stays up to date.
• I heard the accounts receivable team is swamped with chasing down payments.
• Managing your accounts receivable is like keeping track of a constantly flowing river of money.