Please Explain! Jargon Vs Terminology in Financial Matters
Written on the 27 July 2015 by Janet Culpitt
June 2, 2015 | Janet Culpitt
Financial jargon explained - It's necessary to have at least some financial knowledge, regardless of whether you hire someone to manage your finances or you manage your own.
Financial skills can help you make the right decisions, and help you discuss your finances with your accountant, advisor, financial institution, the Australian Taxation Office (ATO).
Ever found your accountant asking you questions when requesting things for your BAS/Tax return, quite often using their jargon ,and making you feel confused and making the process that little bit more painful?
Have you spoken to your Bank Manager or Financial adviser, and terms you are unfamiliar with come into the conversation and leave you a bit lost?I thought I would share some jargon and their meanings so you have a basic comprehension:
Asset something you own. It can be cash or something that can be converted into cash, such as property.