Financial Statements Vocabulary

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

preposition a word that shows the relationship between a noun (or pronoun) and other words in a sentence

• All members of the committee voted in favor of the proposal, excepting one abstention.
• Everyone agreed to go to the party, excepting Sarah who had other plans.
• I like all the songs on the album, excepting the last track.
• The garden was filled with colorful flowers, excepting the one lonely rose bush in the corner.

noun money owed to a business by customers or clients for goods or services provided

• The company's balance sheet includes a section for receivables, which represent the money owed to the business by customers.
• Make sure to follow up with clients who have outstanding receivables to ensure timely payment.
• I need to chase down these receivables before the end of the month.
• Managing receivables is like playing a game of financial chess - you have to strategize and anticipate your opponent's moves.