Professional and Financial Vocabulary practice

A comprehensive vocabulary review covering HR and employment terminology, professional strengths, work experience verbs, and detailed financial accounting terms based on the lecture transcript.

Base salary

The fixed amount of money you earn before bonuses.

Benefits

Extra advantages you receive besides your salary.

Benefits package

The full set of benefits provided by the employer.

Bonus

Extra money paid for good performance.

Commission

Extra pay based on sales results.

Compensation

Everything you receive as payment: salary + benefits.

Deductions

Amounts taken from your salary (taxes, pension…).

Deferred compensation

Income paid at a later date, such as retirement funds.

Equity

Shares or ownership in a company.

Expense allowance

Money given to cover work-related expenses.

Final paycheck

The last salary payment when you leave a job.

Hourly wage

Pay based on the number of hours worked.

Incentive

A reward to motivate better performance.

Overtime

Hours worked beyond normal working hours.

Paid leave

Time off from work with pay.

Parental leave

Time off for parents after childbirth or adoption.

Pension

A retirement savings plan.

Profit sharing

When employees receive a portion of company profits.

Redundancy pay

Money paid when a job ends due to restructuring.

Retirement package

Benefits given when an employee retires.

Salary

Fixed monthly or yearly pay.

Severance pay

Money paid when an employee is dismissed.

Signing bonus

Money given when you accept a job offer.

Stock options

The right to buy company shares at a fixed price.

Wage

Pay, usually calculated hourly or weekly.

Colleague

A person you work with.

Corporate culture

The values and behaviors within a company.

Employee

A person who works for a company.

Employer

The company or person who hires workers.

Employment

The state of having a job.

Job description

A document listing duties and responsibilities.

Probation period

A trial period for new employees.

Promotion

Moving to a higher position.

Responsibilities

Tasks you are in charge of.

Work environment

The atmosphere and conditions at work.

Body language

Non-verbal communication through posture and gestures.

Competency-based question

A question testing your skills through examples.

Elaborate (to)

To explain something in more detail.

Follow-up

Additional contact after an initial interaction.

Interview

A formal meeting to discuss a job application.

Interview panel

A group of people conducting the interview.

Suitability

How appropriate someone is for a role.

Appeal (to/an)

To be attractive or interesting to someone.

Application

A request to be considered for a job.

Application form

A form used to apply for a job.

Apply (to)

To submit a request for a job.

CV/Resume

A document summarizing your experience and skills.

Candidate

A person applying for a job.

Contract

A legal agreement between employer and employee.

Cover letter

A letter explaining why you want the job.

Position/Post

A job or role within a company.

Recruitment

The process of hiring new employees.

Reference

A person who can confirm your skills or experience.

Shortlist

A final selection of candidates.

Vacancy

An open job position.

Analytical

Able to understand and interpret information.

Articulate

Able to express ideas clearly.

Collaborative

Good at working with others.

Detail-oriented

Careful with small details.

Empathetic

Able to understand others’ feelings.

Leadership

The ability to guide or manage others.

Organized

Able to plan and structure work well.

Proactive

Taking action before problems occur.

Resilient

Able to recover from difficulties.

Resourceful

Good at finding solutions.

Strategic thinker

Someone who plans ahead and thinks long-term.

Versatile

Able to do many different tasks.

Accomplish (to)

To complete or achieve something.

Contribute to (to)

To help achieve something.

Coordinate (to)

To organize and manage activities.

Handle (to)

To deal with or manage something.

Implement (to)

To put a plan or system into action.

Oversee (to)

To supervise or manage.

Responsible for (to be)

To be in charge of something.

Specialize in (to)

To focus on a specific area.

Worked closely with

To collaborate closely with someone.

Achievement

Something important you have accomplished.

Adaptability

The ability to adjust to new situations.

Career objective

Your professional goal.

Experience

Knowledge gained through work.

Extensive experience in

A lot of experience in something.

Initiative

The ability to take action without being told.

Professional development

Improving your skills and knowledge.

Qualifications

Education, skills, and certificates.

Skills

Abilities you have learned.

Strengths

Your strong qualities.

Track record of

A history of successful results.

Weaknesses

Areas where you are less strong.

Accounts Payable

Money a company owes to suppliers for goods or services received.

Accrued Expenses

Costs that have been incurred but not yet paid.

Accrued Income

Income earned but not yet received.

Assets

Everything a company owns that has value.

Balance Sheet

A financial statement showing assets, liabilities, and equity.

Earnings per Share

Profit divided by the number of shares.

Called-up Share Capital

The amount shareholders are required to pay for their shares.

Cash and Balances at Central Banks

Money held by a bank at central banks.

Cash and Cash Equivalents

Cash and short-term liquid investments.

Cost of Goods Sold (COGS)

Direct costs of producing goods.

Current Tax Assets

Taxes the company has overpaid and will receive back.

Current Tax Liabilities

Taxes the company still needs to pay.