IAS terminology
Financial statements
Final accounts
Revenue
Sales
Purchases
Cost of sales
Inventory
Stock
Work in progress
Work in progress
Gross profit
Gross profit
Sundry expenses
Sundry income
Interest receivable
Finance costs
Interest payable
Net profit
Retained earnings
Profit/loss balance
Appropriation account
Balance sheet
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Non-current assets
Fixed assets
Property
Investment property
Investments
Intangible assets
Goodwill etc.
Current assets
Current assets
Inventory
Stock
Trade receivables
Debtors
Other receivables
Prepayments
Current liabilities
Trade payables
Creditors
Other payables
Accruals
Non-current liabilities
Capital or equity
Capital
Share capital
Share capital
Other terms
Inventory count
Stock take
Carrying value
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