VOCABULARY
TOEIC Finance & Accounting Vocabulary
Essential TOEIC vocabulary for the Finance & Accounting category. These words appear frequently in Parts 3, 4, and 7.
Category: Finance & Accounting3 Key Terms
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Mastering Finance & Accounting vocabulary is crucial because these themes span across multiple parts of the test. Understanding them quickly will improve both your listening and reading speed.
Key Terms
revenue(Easy)
Income, especially when of a company
Example: "Quarterly revenue exceeded expectations."
audit(Medium)
An official inspection of an individual's or organization's accounts
Example: "The annual audit will begin next week."
depreciation(Hard)
A reduction in the value of an asset
Example: "We must account for the depreciation of the equipment."
Frequently asked questions
Why is Finance & Accounting vocabulary important for TOEIC?
A significant portion of TOEIC test questions are based in Finance & Accounting contexts. Knowing these terms allows you to understand the situation immediately without guessing.
What is the best way to study these words?
Study the words within their example sentences rather than in isolation. Pay attention to their collocations (words that frequently appear together).
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