Technical competencies are those which are industry- specific and require education and training in a specific specialty.
Flexibility and adaptation is key to successfully managing relationships in an international environment. Although domestic cultures may dominate certain aspects of business communication, organizations also develop a collective culture – planned or otherwise.
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Accounting and finance have their specific set of terminology. In this post, you will find ten verbs used to talk about accounting and finance in Business English. The verbs are used to talk about financial actions and processes.
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Sources and uses of funds refer to the process of providing and spending of funds. Businesses rely on different sources…
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One method of evaluation and comparison of business performance is based on the amount of profit made in relation to the amount of sales. The gross profit – profit without administrative cost deduction – obtained through business activities...
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The main function accounting is recording and keeping track of business transactions. On the other hand, Finance makes sure than company resources are well spent and expenses are under control.
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Considering the multitude of international investment, it is only natural for countries to offer foreign investment incentives that enable…
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These verbs can be used to talk about human resources processes as well as workforce actions. Note that these verbs are not specific to human resources and can be used to talk about other topics as well.
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Typical human resource activities and actions can be expressed using general Business English verbs. The human resources department is responsible for the company workforce. The following verbs are used to talk about actions related to the company staff...
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When a business only accepts financial transactions to be made at the time of purchase, the accounting system records all transactions based on cash accounting. This means that the entire fee/price of a service/goods has to be paid...
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As explained in owner’s equity post, companies pay a percentage of annual profit to shareholders depending on the decision of the board in the annual general meeting, and keep the rest as reserve. This is the most available...
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