Finances Glossary

Decode the buzzwords of the finances space
THE LANGUAGE OF FINANCES
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Startup Glossary  | Finanshels

Glossary

Running a business in the UAE means navigating a financial vocabulary that can feel overwhelming — especially if accounting is not your background. This glossary has been built specifically for UAE business owners, startup founders, and entrepreneurs. Every definition is written in plain English, tied to UAE regulations, and linked to deeper guides where relevant. Bookmark this page. You will come back to it.

Corporate Tax Return

The annual declaration filed with the FTA reporting a UAE business's taxable income, deductions, and tax liability.

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Cost of Goods Sold (COGS)

The direct costs attributable to producing the goods or services your business sells. Accurately calculating COGS is essential for gross profit reporting and corporate tax deduction claims in the UAE.

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Cost of sales

Cost of sales, also known as cost of goods sold (COGS), is a term used in accounting to refer to the direct costs associated with producing the goods or services that a business sells.

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Cost Per Click (CPC)

Cost per click (CPC) is a metric used in online advertising that measures the amount an advertiser pays for each click on their ad.

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Credit Note

A document that reduces or cancels a previously issued invoice — used when goods are returned, a price is adjusted, or a supply is cancelled.

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Cross-Selling

Cross-selling is a sales technique that involves encouraging a customer who has purchased a product or service to also purchase a related product or service.

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Current assets

Current assets are assets that can be easily converted into cash within one year or less.

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Current liabilities

Current liabilities are obligations that a company is expected to pay within one year or within the company's operating cycle, whichever is longer.

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Customer Acquisition Cost

Customer Acquisition Cost (CAC) is a measure of the cost associated with acquiring a new customer.

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Data Room

A data room is a secure physical or virtual space where a company can store and share sensitive or confidential information with other parties.

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Debit

In double-entry bookkeeping, a debit records an increase in assets or expenses, or a decrease in liabilities, equity, or income.

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Deferred Revenue

Deferred revenue is a liability on a company's balance sheet that represents the portion of a customer's payment that has been received by the company but not yet earned through the performance of a service or delivery of a product.

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