Business English for Accounting and Finance-Learning Accounting and Financial Terms and Vocabulary.

We should start by asking what is English for finance? It is the learning of English specifically geared towards accounting, finance, auditing or whatever area of finance you need to learn. The next question could be how is learning English for finance different from learning general English for business English? The main difference relates to vocabulary. Knowing the technical vocabulary related to your specific job or area of study is essential if top performance is to be achieved.

Business English classes tend to focus on meetings, negotiations and other business functions. A business English class might focus on your area of expertise irregularly (especially if you are learning in a group). English for finance, however, involves regular study (as in every class) of related financial and accounting themes.



The aim of this qualification are to enable candidates to develop:

    • Their financial vocabulary-and perhaps their knowledge of finance.
    • Develop their financial English skills for further studies in Accounting and Finance


This qualification is suitable for candidates who wish to improve their financial vocabulary-and perhaps their knowledge of finance. It is for candidates studying English before they start work as well as for those already working who need English for their job.


Candidates should have a standard of English equivalent to intermediate or upper intermediate for Business.


Business English for Accounting and Finance is a single unit qualification that consists of the range of topics detailed overleaf.


    1. Money and income
    2. Business finance
    3. Accounting and accountancy
    4. Bookkeeping
    5. Company law 1
    6. Company law 2
    7. Accounting policies and standards
    8. Accounting assumptions and principles
    9. Depreciation and amortization
    10. Auditing
    11. The balance sheet 1
    12. The balance sheet 2: assets
    13. The balance sheet 3: liabilities
    14. The other financial statements
    15. Financial ratios 1
    16. Financial ratios 2
    17. Cost accounting
    18. Pricing
    19. Personal banking
    20. Commercial and retail banking
    21. Financial institutions
    22. Investment banking
    23. Central banking
    24. Interest rates
    25. Money markets
    26. Islamic banking
    27. Money supply and control
    28. Venture capital
    29. Stocks and shares 1
    30. Stocks and shares 2
    31. Shareholders
    32. Share prices
    33. Bonds
    34. Futures
    35. Derivatives
    36. Asset management
    37. Hedge funds and structured products
    38. Describing charts and graphs
    39. Mergers and takeovers
    40. Leveraged buyouts
    41. Financial planning
    42. Financial regulation and supervision
    43. Insurance
    44. Exchange rates
    45. Financial international trade
    46. Incoterms
    47. Insurance
    48. The business cycle
    49. Taxation
    50. Business plans


FIC recommends that 45 Guided Learning Hours (GLHs) provide suitable course duration for an ‘average’ candidate at this level. This figure includes direct contact hours as well as other time when candidates ‘work is being supervised by teachers. Ultimately, however, it is the responsibility of training centers to determine the appropriate course duration based on their candidates ‘ability and level of existing knowledge. FIC experience indicates that the number of GLHs can vary significantly from one course to another.


    • The time allowance for the examination is 3 hours
    • There will be Part A questions of 35 multiple choice questions on the examination paper
    • There will be Part B questions of 3 big reading questions with multiple choices on the sub questions inside the three big reading questions.


A positive marking approach is used. The Part A questions of 35 multiple choices questions will cover 70% of the total marks and the Part B questions will cover 30% of the total marks.


Successful candidates will be awarded the certificate of English for Accounting and Finance based on the achievement of the percentages and grades below:

    • Pass 50%
    • Merit 60%
    • Distinction 75%