bottom line of net income	the last line on an income statement, showing net income
brand name	a legally protected name of a company's product
trademark	a name or a symbolput on a product that cannot be reproduced by other companies
inflation	a rise in prices and the amount of money in circulation
goodwill	a good reputation, loyal customers
bookkeeping	recording all financial transactions made by a company, is a main part of accounting
cost accounting	determining the cost per unit manufactured taking into account indirect expenses or overheads
assets	resources owned by the company that have future economic value
liabilities	amounts of money owed that will have to be paid in the future
depreciation	reducing the value of tangible asset over the length of its estimated useful life
cash flow statement	shows the cash generated and used during a period divided into operating, investing, financing activ
trade surplus	eksport>import
revenues-expenses	net incom-->net profit/net loss
objectivity principae	all date recorded must be verifiable an free from bias
consistency principle	the same methods must be used year after year