Financial Reporting Terms

adjective a word or phrase naming an attribute, added to or grammatically related to a noun to modify or describe it

• The scientist conducted multiple experiments to ensure the data was accurate.
• Make sure you double check your answers to make sure they're accurate.
• I totally nailed that quiz, my answers were so accurate.
• Her intuition was so accurate, she always knew what was going to happen next.

verb to evaluate or determine the value, significance, or extent of something

• The students' performance will be assessed through a series of exams and assignments.
• I heard that our work will be assessed based on how well we present it.
• I hope the teacher doesn't assess us too harshly on this project.
• The situation was carefully assessed before making a decision.

verb to state or make known officially or publicly

• The president will declare a state of emergency in response to the natural disaster.
• I declare today a lazy day and will not be doing any work.
• She straight up declared that she was quitting her job and moving to Bali.
• His actions declare his true intentions more than his words ever could.

adjective exaggerated or emphasized to an excessive degree

• The significance of climate change cannot be overstated in today's world.
• You can't exaggerate how important it is to recycle these days.
• People are always blowing the importance of eating organic out of proportion.
• The impact of her words was so powerful, it cannot be overstated.

adverb Regularly is an adverb that describes the frequency or manner in which something is done.

• It is important to regularly attend meetings to stay updated on project progress.
• I regularly catch up with my friends over coffee on weekends.
• I regularly hit the gym to stay in shape.
• She regularly feeds her mind with new knowledge by reading books.

noun a card used to record an employee's working hours

verb not applicable

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• Employees are required to submit their timecard at the end of each pay period.
• Don't forget to fill out your timecard before you leave for the weekend.
• I totally forgot to punch in on my timecard yesterday.
• Keeping track of your daily activities is like filling out a mental timecard.

noun a period of three months, especially as a division of the duration of pregnancy

• The first trimester of pregnancy is crucial for fetal development.
• My sister just entered her second trimester and she's feeling much better now.
• I can't wait to be done with this trimester, it's been dragging on forever.
• The first trimester of the project was full of challenges, but we pushed through and made progress.

adjective describing a state or situation that has not been officially announced or stated

• The company discovered an undeclared source of income during the audit.
• I found some undeclared cash in my jacket pocket.
• She's been hiding undeclared earnings from her side hustle.
• His emotions remained undeclared as he kept his feelings to himself.

noun IAS - acronym for Indian Administrative Service, a prestigious civil service in India

• The IAS exam is considered one of the toughest exams in India.
• Studying for the IAS test is really challenging.
• I heard he's preparing for the IAS, that's no joke.
• She tackled the IAS exam like a champion, overcoming all obstacles.