Financial Reporting Vocabulary

noun a statement or declaration that something is true or correct

verb not applicable

adjective not applicable

adverb not applicable

pronoun not applicable

preposition not applicable

conjunction not applicable

interjection not applicable

article not applicable

• The attestation of the document was done by a notary public.
• I need your attestation on this form before I can submit it.
• Can you give me a quick attestation on this paper?
• His actions were an attestation of his commitment to the cause.

verb to bear witness to; certify; declare to be correct, true, or genuine

• The authenticity of the document was attested by multiple witnesses.
• I can attest that the party was a lot of fun.
• I swear on my life, I attested to seeing the ghost in that old house.
• His dedication to his work attested to his strong work ethic.

verb to assert or affirm with confidence; declare in a positive or peremptory manner

• The scientist averred that the results of the experiment were inconclusive.
• She averred that she would be able to finish the project on time.
• He averred that the party was going to be lit.
• The artist averred that his painting represented the struggle for freedom.

noun Certified Public Accountant

• The CPA provided valuable financial advice to the company.
• I hired a CPA to help with my taxes.
• My friend who's a CPA helped me with my budget.
• Becoming a CPA requires a lot of dedication and hard work.

noun the act of disclosing or revealing something

verb to make (information) known or reveal

• It is important for companies to disclose all relevant financial information to their shareholders.
• Can you please disclose where you hid the snacks?
• I ain't gonna disclose my secrets to just anyone.
• She hesitated to disclose her true feelings, fearing rejection.

verb to make (information) known or reveal

adjective having been made known or revealed

• The company disclosed its financial statements to the public.
• She finally disclosed her secret to her best friend.
• I can't believe he disclosed that juicy gossip to everyone.
• The artist slowly disclosed the hidden layers of meaning in his painting.

noun the act of making new or secret information known

• The company requires full disclosure of financial information from all employees.
• I appreciate your disclosure about what happened last night.
• I can't believe she made that disclosure to everyone!
• His disclosure of emotions in his music is what makes it so powerful.

noun a discrepancy or difference

adjective showing a discrepancy; inconsistent or differing

• The data from the two sources showed discrepant results, indicating a potential error in one of the datasets.
• The numbers don't match up between the two reports, there seems to be something discrepant going on.
• There's something fishy about the discrepant numbers, they just don't add up.
• Her actions and words were discrepant, like two puzzle pieces that don't fit together.

noun a mistake or error

• The publisher issued an erratum to correct the mistake in the scientific journal.
• They had to send out an erratum because of a typo in the report.
• Whoops, looks like we need to drop an erratum for that error.
• Sometimes an erratum in life can lead to unexpected opportunities.

noun the quality or state of being immaterial; lack of material substance or importance

• The concept of immateriality in accounting refers to items that are not considered significant enough to impact financial statements.
• In the grand scheme of things, the immateriality of that detail doesn't really matter.
• Who cares about the immateriality of that issue? It's not a big deal.
• Her mind was in a state of immateriality, floating away from the stresses of reality.

adjective describes something that is not correct or precise

• The data provided in the report was found to be inaccurate.
• The information he gave me was totally inaccurate.
• Don't listen to him, he's always spreading inaccurate rumors.
• Her perception of reality is so inaccurate that she often gets into trouble.

noun a tax levied on income, especially on personal income

• Individuals are required to report their income tax to the government annually.
• Don't forget to file your income tax before the deadline!
• I hate paying my income tax, it's such a drag.
• Paying income tax is like giving a portion of your hard-earned money to the government.

verb a word that expresses an action, occurrence, or state of being

• The system automatically logged the user out after a period of inactivity.
• I forgot to log out of my email account and now someone else has logged in.
• I logged onto the website to check out the new products.
• The memory of that traumatic event has been logged in my mind forever.

verb to state or represent incorrectly

• It is important not to misstate facts in a legal document.
• Don't misstate what happened, just tell the truth.
• I heard you misstated your age to get into the club.
• She misstated her feelings to avoid confrontation.

noun a false or incorrect statement

• The accountant discovered a misstatement in the financial report.
• They found a mistake in the report.
• The numbers were off in the report.
• The truth was twisted in the report.

noun the action of leaving out or excluding something

• The omission of crucial details in the report led to misunderstandings among the team members.
• I can't believe the omission of her name from the guest list caused such a fuss.
• The party was a disaster because of that one omission - no music!
• His omission of her from his life was like a missing piece in a puzzle, leaving him feeling incomplete.

noun a previous time or circumstance

adjective existing or occurring before in time or order

adverb before or in front

• Prior to the meeting, please review the agenda and prepare any necessary materials.
• I need to finish this report prior to lunchtime.
• I gotta get my workout in prior to hitting the beach this weekend.
• He had to face his fears prior to achieving his goals.

noun the quality of being trustworthy or dependable

adjective reliable

• The reliability of the data collected is crucial for making informed decisions.
• I always count on Sarah for her reliability when it comes to meeting deadlines.
• You can trust Jake, he's got mad reliability.
• The old lighthouse stood as a symbol of reliability in guiding ships safely to shore.

verb A word used to describe an action, state, or occurrence. In this case, 'reported' is a past tense form of the verb 'report.'

• The news outlet reported on the latest economic data.
• I heard on the grapevine that they reported a record-breaking sales quarter.
• Did you catch that TikTok video where they reported the drama at the party?
• Her expression reported a mix of surprise and disbelief.

noun a separate person or thing

adjective existing or considered independently

adverb in a separate or distinct manner

• The two experiments were conducted separately to ensure accurate results.
• Let's meet separately to discuss our individual contributions.
• We should chill separately tonight and catch up on our favorite shows.
• Their paths in life diverged, leading them to walk separately towards their dreams.

noun the quality or condition of being transparent; openness and honesty in behavior or actions

• The company prides itself on its commitment to transparency in all business dealings.
• I appreciate the transparency in how they handle their finances.
• I like how they keep it real with their transparency.
• The clear lake symbolized the transparency of her intentions.

adjective a word that describes or modifies a noun or pronoun, in this case 'uncorroborated' describes something that lacks evidence or support

• The witness testimony was deemed uncorroborated and therefore not admissible as evidence.
• They couldn't prove it because the story was uncorroborated.
• That rumor is totally uncorroborated, don't believe everything you hear.
• Her claims of being a distant relative of royalty were uncorroborated, just a fantasy.

noun a panel under the windshield of a vehicle, containing indicator dials, compartments, and controls

• The dashboard of the car displayed all the necessary information for the driver.
• I couldn't figure out how to navigate the dashboard of my new phone.
• Check out the sick dashboard on that new video game console.
• Her emotions were like a dashboard, constantly changing and unpredictable.

adverb in a manner that is accountable or responsible

• It is important for public officials to act accountably in order to maintain trust with the citizens.
• Make sure you handle the situation accountably so there are no misunderstandings.
• Don't worry, I'll make sure to do it accountably.
• The artist painted the mural accountably, ensuring every detail was perfect.

noun a plural form of the noun addendum, which means an item of additional material added at the end of a book or other publication

• The contract was signed with several addenda attached for further clarification.
• I found a bunch of addenda at the end of the report that I didn't even know were there.
• I skimmed through the addenda and didn't see anything important.
• In life, we often encounter unexpected addenda that can change our plans.