Fair value accounting | Finance & Capital Markets | Khan Academy
A1 A2 B1 B2 C1 C2
are
US / ɑ:(r) /
•UK / ɑ:r /
- auxiliary verb
- Being
now
US / naʊ /
•UK / naʊ /
- adverb
- At the present time or moment
- Right away or in the next possible moment
- Used to refer to something that just happened
- Time between the present and a moment in the past
- conjunction
- Resulting from or because of something
really
US / ˈri:əli /
•UK / ˈriəˌli, ˈrili /
- adverb
- Used to stress something that is said; definitely
- In a true or accurate manner
- Very
would
US / wʊd /
•UK / wʊd /
- other
- Used to indicate something imagined
- Used to ask or request something politely
- Verb used to indicate possibility, request etc.
- Used to indicate a preference
- Used to indicate a reaction
- Indicates something that occurred repeatedly
- Used to indicate willingness or ability to do
book
US / bʊk /
•UK / bʊk /
- noun
- Thing made of pages with writing on that you read
- verb
- (Police) to officially record someone's crimes
- To reserve (hotel room, etc.) in advance
- To produce a red or yellow card to a soccer player
want
US / wɔnt /
•UK / wɑnt, wɔnt /
- noun
- Something you desire or wish for
- State or condition of poverty
- verb
- To desire or wish for something; hope for a thing
but
US / bət /
•UK / bʌt,bət /
- conjunction
- Used before you say something different, opposite
especially
US / ɪˈspeʃəli /
•UK / ɛˈspɛʃəli, ɪˈspɛʃ- /
- adverb
- More than usual; extremely
give
US / ɡɪv /
•UK / ɡɪv /
- noun
- Degree of flexibility in something, a material
- verb
- To hand over or present something to someone
- To cause someone to have or experience something
good
US / ɡʊd /
•UK / ɡʊd /
- adjecitve
- Proper, appropriate or right
- (Of an amount) enough; plenty
- Excellent; high quality
- Acting well or properly; of moral character
- In a positive or happy emotional state
- noun
- Advantage or benefit
business
US / ˈbɪznəs /
•UK / ˈbɪznɪs /
- noun
- A company formed for making profit
- Matter that has to be dealt with; task; situation
- Activity of working to make a profit
can
US / kæn /
•UK / kən,kæn /
- noun
- A metal container for storing food
- other
- Able to; have the skill to; have the time to
- verb
- To have permission to
- To be possible to do
- To preserve food by sealing it in a metal container
could
US / kəd /
•UK / kʊd /
- other
- Past form of 'can' to mean have ability
- Used to ask for something politely, or to offer
know
US / nəʊ /
•UK / noʊ /
- verb
- To be familiar with a person or place, thing
- To feel sure or be convinced about something
- To discover or be aware of something
- To be able to distinguish
- To have knowledge of things
have
US / həv /
•UK / hæv /
- verb
- To drink, smoke, eat or use something
- To experience the effects of something
- To organize an event, or join in an activity
- To own, possess, or hold something
- To cause to happen or produce a particular effect
last
US / lɑ:st /
•UK / læst /
- adjecitve
- Most recent; the latest
- The one before
- adverb
- Final; with nothing following; after all others
- Most recent; the latest
- determiner
- The one at the end
- verb
- To remain or continue for a certain period of time
part
US / pɑ:t /
•UK / pɑ:rt /
- adjecitve
- To some degree; half; not fully
- noun
- Division of a book
- Ratio of something, e.g. 3 of gin, 1 of tonic
- A line in a person's hair, made with a comb
- Character an actor plays on stage, movie, or TV
- Some, but not all of a specific thing
- Role in causing something to happen
- verb
- To make a line in a person's hair, by using a comb
- To move two things apart creating a space
- To leave someone, or to break off a relationship
estimate
US / 'estɪmət /
•UK / ˈɛstəˌmet /
- noun
- Guess or calculation of cost, size or value
- verb
- To guess or calculate the cost, size or value of
active
US / ˈæktɪv /
•UK / ˈæktɪv /
- adjecitve
- Moving around a lot or doing many things
epidemic
US / ˌepɪ'demɪk /
•UK / ˌɛpɪˈdɛmɪk /
- adjecitve
- Disease that spreads quickly affecting many
- noun
- Something that spreads suddenly and widely
sheep
US / ʃi:p /
•UK / ʃip /
- noun
- Animal with a woolly coat raised for meat or wool
- Person who behaves as others do, without thinking
most
US / məʊst /
•UK / most /
- adverb
- Very; extremely
- Greatest possible degree
- pronoun
- Nearly all of something
legitimate
US / lɪ'dʒɪtɪmət /
•UK / ləˈdʒɪtəmɪt /
- adjecitve
- Being born to legally married parents
- Being reasonable and sound
- verb
- To make acceptable and sound
another
US / əˈnʌðə(r) /
•UK / əˈnʌðɚ /
- adjecitve
- One more, but not this
- determiner
- One more added
- pronoun
- One more (thing)
hey
US / heɪ /
•UK / he /
- exclamation
- What you say when you want someone's attention
out
US / aʊt /
•UK / aʊt /
- adverb
- No longer stylish (e.g. fashion)
- Away from home, business, or the usual place
- In a direction/movement away from inside or center
- noun
- Act when a batter cannot continue playing
- verb
- To tell people a secret
over
US / 'əʊvə(r) /
•UK / ˈovɚ /
- adverb
- Finished; no longer happening
- Towards the ground/away from a standing position
- noun
- A set of six consecutive balls bowled in cricket
- other
- Finished
- preposition
- Showing the relation when a thing is above another
- On or covering something
- Above or across something
- More than you need
- From one side to the other
- In the direction of; toward
and
US / ənd /
•UK / ənd, ən,ænd /
- conjunction
- Used to refer to two or more things
- Plus; in addition; on top of that
- Used to introduce an action that follows another
base
US / beɪs /
•UK / bes /
- noun
- Place military personnel live, train, and operate
- Bottom part of an object that touches a surface
- Unit of counting, e.g. 10 for counting
- Most important idea or ingredient to add others
- Origin or start from which something came
- Main place where an organization or a person works
- verb
- To use as the starting point or origin for
- To have as the main location for (company, etc.)
lot
US / lɒt /
•UK / lɑt /
- noun
- What happens to a person in life from chance; fate
- A group of people seen together
- Item for sale at an auction
- Small area of land used for a purpose e.g. parking
put
US / pʊt /
•UK / pʊt /
- phrasal verb
- to make a light stop shining by pressing or moving a switch
- verb
- To move or place a thing in a particular position
- To rate something in importance or value
- To write or say something in a certain manner
two
US / tu: /
•UK / tu /
- number
- 2
not
US / nɒt /
•UK / nɑt /
- adverb
- Word indicating the negative
- (Used to form the negative of verbs)
maybe
US / ˈmeɪbi /
•UK / ˈmebi /
- adverb
- Possibly but not certainly; perhaps
historical
US / /
•UK / /
- adjecitve
- Connected with the past
development
US / dɪ'veləpmənt /
•UK / dɪˈvɛləpmənt /
- noun
- Act or process of growing bigger or more advanced
- A new event related to a previous event
come
US / kʌm /
•UK / kʌm /
- verb
- To arrive at a place
- (Of mail) to be delivered
- To move toward someone; go with someone
- To reach a certain point or state
think
US / θɪŋk /
•UK / θɪŋk /
- verb
- To have an idea about something without certainty
- To have an idea, opinion or belief about something
just
US / dʒʌst /
•UK / dʒʌst /
- adjecitve
- Proper or appropriate; as is deserved
- Doing or being what is right or fair
- Legally correct; having enough evidence
- adverb
- Almost; nearly
- Exactly at the time of
- Exactly (the same as, like)
report
US / rɪ'pɔ:t /
•UK / rɪˈpɔrt, ˈport /
- noun
- Account of the necessary facts and information
- The telling of news in the media
- Official statement about something
- verb
- To submit a report or bill to the government
- To write in a newspaper or speak on a news program
- To state something officially
- To officially present yourself to an authority
- To describe something by telling it to others
appraiser
US / əˈpreɪzə(r) /
•UK / əˈpreɪzər /
- noun
- Person who determines authenticity of work of art
land
US / lænd /
•UK / lænd /
- noun
- Region or country
- Earth; the ground
- verb
- To arrive or cause a boat to arrive at the shore
- To obtain or get something that you wanted
- To (cause to) come down to the ground safely
- To cause to arrive in a specific place or state
shortage
US / ˈʃɔ:tɪdʒ /
•UK / ˈʃɔ:rtɪdʒ /
- noun
- A lack of something necessary
well
US / wel /
•UK / wɛl /
- adjecitve
- Being in a fortunate, good condition or state
- Healthy and in good condition
- adverb
- In an acceptable, proper, or successful manner
- In a complete, total, or full manner
- A great and considerable degree
- In a successful way, in a good or satisfactory way
- exclamation
- Used to begin or continue a particular statement
- Used to show you want to start saying something
- Used to express that you are waiting for a reply
- You say this to change the topic of a conversation
- Used to indicate you are making a final remark
- noun
- Long deep hole in the ground to get water
- verb
- To cause your eyes to fill with tears
frequently
US / ˈfri:kwəntli /
•UK / ˈfrikwəntlɪ /
- adverb
- Often; regularly
for
US / fə(r) /
•UK / fɔr,fə /
- preposition
- Used to show the purpose, or need of something
worth
US / wɜ:θ /
•UK / wɚθ /
- other
- the financial, practical or moral value of somebody/something
- having a particular value, especially in money
board
US / bɔ:d /
•UK / bɔrd, bord /
- noun
- Surface for posting or showing information
- Group of persons who direct an organization
- Long piece of material used for riding the waves
- Long thin piece of wood, used for building; plank
- verb
- To enter a ship, plane, or other vehicle
- To cover with long wooden strips of wood
- To pay money to live in someone's house; lodge
much
US / mʌtʃ /
•UK / mʌtʃ /
- adjecitve
- Very; to a high level or degree
- adverb
- A lot; large amount; a high degree of
- Nearly; basically
- On many occasions; often
- noun
- A large amount; a great quantity
standard
US / 'stændəd /
•UK / ˈstændəd /
- adjecitve
- Being the accepted normal level of quality
- (Of a language) being the most accepted in a place
- noun
- Official unit of measuring something
- Principle of behaving in a moral way
difference
US / 'dɪfrəns /
•UK / ˈdɪfərəns, ˈdɪfrəns /
- noun
- A thing or issue that people do not agree about
- Not of the same kind; unlike other things
farm
US / fɑ:m /
•UK / fɑ:rm /
- noun
- Land used for growing crops or raising animals
- verb
- To use land for raising plants or animals for food
situation
US / ˌsɪtʃuˈeɪʃn /
•UK / ˌsɪtʃuˈeʃən /
- noun
- Place, position or area that something is in
- Circumstance or condition surrounding an event
- An unexpected problem or difficulty
sound
US / saʊnd /
•UK / saʊnd /
- adjecitve
- Sensible, dependable and reliable
- Unbroken or undisturbed, as of sleep
- Firm or solid in structure
- Sane; not mentally ill
- Clearly reasoned; involving sense, good judgment
- noun
- Unique quality that characterizes a style of music
- Waves traveling in air or water that can be heard
- verb
- To seem or appear to be, from what was said
- To say in a clear deliberate manner
- To make a noise, e.g. to ring a bell
both
US / bəuθ /
•UK / boθ /
- determiner
- Used to refer to two things at the same time
- pronoun
- Used to refer to two things at the same time
simple
US / 'sɪmpl /
•UK / ˈsɪmpəl /
- adjecitve
- Not hard to understand or do; not complex
- Having only a few parts; not complex
- Being ordinary or normal
- Being plain; without a lot added for style
build
US / bɪld /
•UK / bɪld /
- noun
- Your physical shape; physique
- verb
- To establish e.g. a reputation, over time
- To construct a house, office, factory
they
US / ðeɪ /
•UK / ðe /
- pronoun
- Two or more people, animals, or things
very
US / 'verɪ /
•UK / ˈvɛri /
- adjecitve
- Concerning a large degree or amount
- adverb
- A lot; much; many
- Used to stress or emphasize a noun
their
US / ðɛː /
•UK / ðer /
- determiner
- Belonging to them
way
US / weɪ /
•UK / we /
- adverb
- Used to emphasize the amount of something
- noun
- Particular aspect of something being thought about
- One of various choices that could be made
- Particular existing condition or state
- (Often long) distance or length of time
- How something is done
- Route to go to a place
- Small street
- Usual behavior, emotions or habits of someone
country
US / ˈkʌntri /
•UK / ˈkʌntri /
- noun
- An area of land that is controlled by a government
- Open land that is away from towns and cities
look
US / lʊk /
•UK / lʊk /
- noun
- Person's beauty or physical attractiveness
- Particular style of dress, clothes, or appearance
- The way someone, something appears to be
- Act of searching for or examining something
- verb
- To appear to be; seem
general
US / 'dʒenrəl /
•UK / ˈdʒɛnərəl /
- adjecitve
- Widespread, normal or usual
- noun
- Top ranked officer in the army
pay
US / peɪ /
•UK / pe /
- noun
- Money you receive from your job, work, etc.
- verb
- To give money for goods or work done
- To give (attention, respect, etc.) to
- To be punished or suffer for something you did
- To make (a visit) to a person or place
account
US / ə'kaʊnt /
•UK / əˈkaʊnt /
- noun
- An advantage
- Arrangement with a bank to keep your money for you
- An invoice for things bought
- Arrangement whereby you can use online services
- A description, often written, of events; report
asset
US / 'æset /
•UK / ˈæsˌɛt /
- noun
- Thing that has value to you
confusing
US / kənˈfju:zɪŋ /
•UK / kənˈfjuzɪŋ /
- adjecitve
- Being hard to understand
- verb
- To make something unclear or hard to understand
pretty
US / 'prɪtɪ /
•UK / ˈprɪti /
- adjecitve
- Being attractive to the eye in a simple way
- adverb
- Very; to a great degree
possible
US / ˈpɒsəbl /
•UK / ˈpɑsəbəl /
- adjecitve
- Being able or appropriate for a task or purpose
- Having a chance of happening, or being true
all
US / ɔ:l /
•UK / ɔl /
- adverb
- Completely; totally
- determiner
- Being every one of something
- pronoun
- 100% of something; the complete amount
produce
US / prə'dju:s /
•UK / prəˈdus, -ˈdjus, pro- /
- noun
- Fresh foods such as fruits and vegetables
- verb
- To grow something naturally
- To make something appear
- To manufacture something using machines
- To control the making a movie or television show
someone
US / ˈsʌmwʌn /
•UK / ˈsʌmˌwʌn, -wən /
- pronoun
- Person who is not known or named
either
US / ˈaɪðə(r) /
•UK / ˈiðɚ, ˈaɪðɚ /
- adjecitve
- One of two (used when there is a choice of two)
- adverb
- (After negative statements) likewise, in addition
- conjunction
- Used as the first of two connected things
- determiner
- Used as the first of two connected things
- pronoun
- The one or the other
here
US / hɪə(r) /
•UK / hɪr /
- adverb
- In this place; at this location, position or time
wool
US / wʊl /
•UK / wʊl /
- noun
- Soft, thick hair of sheep, used for clothing
- Cloth or thread made from the hair of sheep
actually
US / ˈæktʃuəli /
•UK / ˈæktʃuəli /
- adverb
- Used to add new (often different) information
write
US / raɪt /
•UK / raɪt /
- verb
- To compose letters and words on paper or a screen
- To invent or create a computer program
- To create a song or piece of music
will
US / wɪl /
•UK / wɪl /
- noun
- Desire or choice of someone
- Document saying who gets your money when you die
- Strong desire to do something; determination
- Desire to do something; strong wish to do
- other
- Used with verbs to express the future
- verb
- To leave property to someone after your death
- To use mental effort to make something happen
- Am (is, are) likely to do
- To influence someone to do something
- To make something happen by strongly wanting it
probably
US / ˈprɒbəbli /
•UK / ˈprɑbəbli /
- adverb
- That is likely to happen or be true
million
US / ˈmɪljən /
•UK / ˈmɪljən /
- number
- 1,000,000
market
US / ˈmɑ:kɪt /
•UK / ˈmɑ:rkɪt /
- noun
- Need or demand for a particular product or service
- Area or region where a certain product is sold
- Public event where people sell goods on tables
- Institution where stocks are bought and sold
- verb
- To publicize products to get you to buy; advertise
fair
US / feə(r) /
•UK / fɛr /
- adjecitve
- Neither very good nor very bad; average
- (Of skin) light colored; not dark
- Quite good; quite a lot
- Treating all people the same way
- (Of hair) light colored; blonde
- (Of weather) sunny; not raining
- noun
- Event for companies to show their products
- Event to sell things to help a charity
wow
US / waʊ /
•UK / waʊ /
- exclamation
- Sound people make when they make are impressed
- verb
- (Informal) to greatly impress someone
right
US / raɪt /
•UK / raɪt /
- adjecitve
- Correct or true
- The south side of you looking at the rising sun
- adverb
- Exactly in a place or time
- Being appropriate for a particular event
- In a straight or direct manner
- noun
- Something you are legally or morally allowed to do
- Ideal of what is just and good
- Political view based on conservatism
- verb
- To fix something previously wrong or unjust
- To make upright, as a boat that has turned over
value
US / 'vælju: /
•UK / ˈvælju /
- noun
- Importance you attach to something
- Some information expressed as a number
- Stated price of something; worth
- verb
- To place a high importance on something
- To say how much money something is worth
fancy
US / 'fænsɪ /
•UK / ˈfænsi /
- adjecitve
- Unusual and attractive in design
- verb
- To want to have or do something; feel like
- To imagine or suppose that something will happen
- To believe or imagine something that is not true
down
US / daʊn /
•UK / daʊn /
- adjecitve
- Being sad, sick, or unhappy
- Not operating, working, or functioning as expected
- adverb
- In a sitting or lying position
- Towards or on the ground, floor, or bottom
- Written or copied onto a piece of paper or book
- noun
- A period of play in American Football
- The soft, smooth hairs that cover a bird's body
- preposition
- Along something's path, course, or direction
- Going from a higher position to a lower position
- verb
- To eat or drink very quickly and without stopping
then
US / ðen /
•UK / ðɛn /
- adverb
- A time that is not now
- Following another thing in time or arrangement
- Following on reasonably from what was just stated
- At that time, not now
about
US / ə'baʊt /
•UK / əˈbaʊt /
- adverb
- To be ready to; going to
- Nearly; approximately; roughly
- Near; next to; close to
- In every direction; in the area of
- preposition
- Concerning or of (a topic)
current
US / 'kʌrənt /
•UK / ˈkɚrənt, ˈkʌr- /
- adjecitve
- Happening or being in the present time
- noun
- Electricity flowing through wires
- Movement of water in a river, or air in the sky
people
US / 'pi:pl /
•UK / ˈpipəl /
- noun
- Persons sharing culture, country, background, etc.
- Men, Women, Children
like
US / laɪk /
•UK / laɪk /
- adjecitve
- Being equal in status or kind to something else
- Similar; the same
- adverb
- For example
- preposition
- Used as a filler; used to ad emphasis
- In a way similar to the way something is done
- Such as; for example
- verb
- To want to
- To find something pleasing; to prefer something
that
US / ðæt /
•UK / ðæt, ðət /
- adjecitve
- The person or thing being talked about
- Used to identify something both the speakers know
- adverb
- Used to reinforce adjectives and adverbs
- To such a degree
- conjunction
- Used to connect a noun clause
- Used to introduce an adverbial clause
- Used to introduce a noun clause
- determiner
- Used as a noun to refer to something
- pronoun
- Referring an object far away
- Used to refer to the relative pronoun ‘which’
what
US / wɒt /
•UK / hwɑt, hwʌt, wɔt, wʌt,hwət, wət /
- pronoun
- Thing or things that; the same kind as
- Used to emphasize something you are about to say
- adjecitve
- Used to refer to a particular amount, or number
- Used to place emphasis on a particular quality
- adverb
- To a certain degree
- determiner
- Question words used for asking for information
- exclamation
- Used to express excitement, shock, or surprise
- Used to ask people to repeat something they said
type
US / taɪp /
•UK / taɪp /
- noun
- Printed letters or blocks used for printing them
- Group of things or people sharing common features
- verb
- To identify something belonging to a group
- To write by touching keys on a keyboard
bunch
US / bʌntʃ /
•UK / bʌntʃ /
- noun
- A group of things of the same kind
- verb
- To group people or things closely together
- (Cloth) to gather/be gathered together in folds
nothing
US / 'nʌθɪŋ /
•UK / ˈnʌθɪŋ /
- noun
- Item of little or no value, importance, interest
- Number or value of zero
- pronoun
- Not anything, not a single thing
tell
US / tel /
•UK / tɛl /
- verb
- To (strongly) advise a person to do something
- To be able to guess
- To say or communicate information to someone
- To inform, but without speaking; indicate
- To have a negative effect on someone
- To order someone to do something; command
- To recognize something based on certain signs
- To report something to an authority
- To explain something or teach someone something
method
US / 'meθəd /
•UK / ˈmɛθəd /
- noun
- (Organized and planned) way of doing something
get
US / ɡet /
•UK / ɡɛt /
- verb
- To become affected by illness or disease
- To begin to feel or understand an emotion or idea
- To send or bring someone or something home, etc.
- To go somewhere to obtain something
- To (cause to) do a particular thing
- To obtain, receive or be given something
- To currently have
- To prepare for use
- To understand something being said or read
the
US / ðə /
•UK / ðə /
- article
- Used to refer to something already mentioned
- Used to show there is only one of something
- determiner
- Used to describe all of a family
let
US / let /
•UK / lɛt /
- verb
- To allow someone to do something
- Introducing a suggestion to do something together
- To rent a house, etc. to others
run
US / rʌn /
•UK / rʌn /
- noun
- Journey between two places made by ship or car
- Series of similar things or successes and failures
- Act of running; exercise of running
- verb
- To depart or travel according to a schedule
- To cause an animal to move in a certain direction
- (Of an engine) to be operating
- To start or use a computer program
- To flow in a certain direction, like a liquid
- To manage or operate a business
- To operate or drive something
- (Of a road) to go from one place to another
- To move your legs faster than walking
inefficient
US / ˌɪnɪˈfɪʃnt /
•UK / ˌɪnɪˈfɪʃənt /
- adjecitve
- Unable to act in a way that saves resources
you
US / jʊ /
•UK / ju /
- pronoun
- Person someone is speaking or writing to
- Person or people in general
year
US / jə: /
•UK / jɪr /
- noun
- Unit of time equal to 12 months or 365 or 366 days
- Used to refer to the age of a person
kind
US / kaɪnd /
•UK / kaɪnd /
- adjecitve
- In a caring and helpful manner
- friendly and considerate
- noun
- One type of thing
how
US / haʊ /
•UK / haʊ /
- adjecitve
- To what degree? in what amount?
- adverb
- (Used to explain the way to do something)
- exclamation
- For what purpose or reason?
- (Used to ask someone or something's condition)
also
US / 'ɔ:lsəʊ /
•UK / ˈɔlso /
- adverb
- In addition; too; in a similar way
word
US / wɜ:d /
•UK / wɚd /
- noun
- Unit of language that has a meaning
- Promise
- Short remark or piece of information
- verb
- To express something by choosing particular words
this
US / ðɪs /
•UK / ðɪs /
- adjecitve
- Used to indicate something already been discussed
- Used to indicate something happening around now
- adverb
- An indication by a physical motion or gesture
- A specific amount of
- determiner
- Person, thing, or idea near you
- pronoun
- Person, thing that has already been discussed
than
US / ðən /
•UK / ðən /
- conjunction
- Used to compare two things that are not equal
other
US / 'ʌðə(r) /
•UK / ˈʌðər /
- adjecitve
- A thing different from that mentioned
- determiner
- (Something) else; not the first (one)
- pronoun
- Being the one and only thing of that category
one
US / wʌn /
•UK / wʌn /
- pronoun
- You; we; people in general; someone
- The thing or person previously referred to
- adjecitve
- Used to refer to people generally
- Being a strong example of (something mentioned)
- number
- Number 1