Clear definitions of key terms in accounting, finance, and business management for SMEs in Africa (SYSCOHADA, WCR, DSO...).
57 terms defined
All goods and rights owned by the company (fixed assets, inventory, receivables, cash).
Learn more →Financial statement showing the company's financial position at a given date: assets, liabilities and equity.
Learn more →Cash facility granted by the bank allowing a negative balance on the account.
Learn more →Verification of the match between accounting entries and bank statements.
Learn more →Revenue level at which the company covers all its costs (fixed + variable) and starts generating profit.
Learn more →Total time between paying suppliers and collecting from customers. CCC = DSO + DIO - DPO.
Learn more →Organized list of all accounts available to the company, classified by category.
Learn more →XML e-invoice format based on the UN/CEFACT standard, used as the basis for Factur-X.
Learn more →E-invoicing model where each invoice is pre-validated by the tax authority before being sent to the customer.
Learn more →Average number of days inventory is held before being sold.
Learn more →Reduction granted for early payment, or banking operation of selling trade bills.
Learn more →Average number of days the company takes to pay its suppliers.
Learn more →Mandatory annual return in OHADA countries combining financial statements and tax information.
Learn more →Average number of days required to collect customer payments after invoice issuance.
Learn more →Obligation to transmit invoicing data to tax authorities for transactions not covered by e-invoicing (B2C, international).
Learn more →Earnings Before Interest, Taxes, Depreciation and Amortization. Measures pure operational performance.
Learn more →Resources belonging to the company's owners: share capital, reserves and retained earnings.
Learn more →Transfer of accounts receivable to a financial institution (factor) in exchange for immediate payment.
Learn more →Hybrid e-invoice format (readable PDF + structured XML data), French-German standard compliant with EN 16931.
Learn more →Standardized digital file containing all accounting entries, required by French tax authorities.
Learn more →12-month period over which the company prepares its annual accounts (usually January 1 to December 31).
Learn more →Normalized electronic invoicing system of Ivory Coast via DGI, with pre-validation and fiscal seal.
Learn more →European regulation on personal data protection, applicable since May 2018.
Learn more →Record grouping all accounting entries by account, showing the balance of each account.
Learn more →International accounting standards used in 140+ countries, mandatory for listed companies in Europe.
Learn more →Financial statement summarizing revenues and expenses for the fiscal year to determine net income.
Learn more →Recording of an economic transaction in accounts, following the double-entry principle.
Learn more →All debts and obligations of the company towards its creditors, shareholders and the state.
Learn more →Certified electronic invoicing system of Benin, transmitting each invoice in real-time to DGI.
Learn more →Difference between available cash and short-term financial debts of the company.
Learn more →Organization of 17 African countries that harmonized their business law, including accounting law (SYSCOHADA).
Learn more →French accounting standard defining recording rules, chart of accounts and mandatory financial statements.
Learn more →International network for exchanging electronic invoices between businesses and public administrations.
Learn more →Central directory + DGFiP data concentrator. Since the free PPF as an invoicing tool was abandoned (Oct. 2024), B2B mandatorily flows through an Approved Platform.
Learn more →Accounting charge recorded to cover a probable risk or asset impairment.
Learn more →Amount of money owed to the company by a third party (customer, government, etc.).
Learn more →Database security mechanism that restricts data access row by row based on the user.
Learn more →Ratio measuring the profitability of an investment: (Gain - Cost) / Cost × 100.
Learn more →Algerian accounting standard inspired by IFRS, in force since 2010.
Learn more →Electronic invoicing system used in Niger, Mali and Burkina Faso for DGI invoice certification.
Learn more →Legal mission to verify annual accounts by an independent statutory auditor.
Learn more →Harmonized accounting system applicable in the 17 OHADA member countries in Africa.
Learn more →Financial Resources and Uses Table - Mandatory financial statement in SYSCOHADA, equivalent to the cash flow statement.
Learn more →Set of tax forms and financial statements to be filed annually with the tax authorities.
Learn more →Summary table of all accounts with their debit/credit totals and balances.
Learn more →XML standard for electronic business documents (invoices, orders, etc.), maintained by OASIS.
Learn more →Indirect consumption tax collected at each stage of the production and distribution chain.
Learn more →Economic and monetary union of 8 West African countries sharing the CFA Franc (XOF).
Learn more →Tax deduction made directly by the payer on the amount paid to the beneficiary.
Learn more →Amount the company must finance to cover the gap between receipts and disbursements related to its current operations.
Learn more →Try CassKai, check your compliance, or get a practical guide.
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