Английски за счетоводна дейност

Discussing Assets in a Meeting

Hi everyone, welcome back!
Today we’re diving into something accountants talk about all the time in meetings — assets. But not just the numbers — the language we use to classify them and explain them clearly.

In Bulgarian, we say активи. But in English, we split them in different ways:

• current vs non-current (краткотрайни и дълготрайни),
• tangible vs intangible (материални и нематериални).

By the end of this lesson, you’ll be able to talk about your company’s assets as if you were already in a boardroom.

Imagine this: Your manager asks you in English,

‘What are our biggest assets at the moment?’

What comes to mind?
— Cash? A building? Maybe the company’s brand?
We’ll see how to describe each of these with the right terms.

Current vs Non-current
In English, ‘current’ does NOT mean сега.
It means short-term, up to 12 months.

Examples:

• Cash, inventory, accounts receivable.

Non-current = longer than a year.
Examples:

• Buildings, machinery, long-term investments.

‘Our current assets total €350,000, mainly cash and receivables.’

In Bulgarian: Краткотрайните активи са основно в пари и вземания.

Tangible vs Intangible
Here the question is: Can you touch it?

• Tangible = physical: machines, cars, buildings. (материални активи)
• Intangible = no physical form but still valuable: patents, software, goodwill. (нематериални активи)

Mini sentence:
‘Intangible assets include our patents and software licences.’
(Нематериалните активи включват патенти и лицензи за софтуер.)

Putting the categories together
Now, let’s combine them:

• Current tangible → inventory.
• Non-current tangible → buildings, machines.
• Non-current intangible → patents, goodwill.

Mini sentence:
‘Our non-current intangible assets have grown due to a new patent registration.’

Let’s role-play a mini meeting. I’ll read a line, and you repeat after me — imagine you’re presenting to your manager.

1. ‘Inventory increased by ten percent compared to last quarter.’
   (Складовите наличности са се увеличили с 10% спрямо миналото тримесечие.)
2. ‘Depreciation on non-current assets is slightly higher this year.’
   (Амортизацията на дълготрайните активи е малко по-висока тази година.)
3. ‘The value of our intangible assets reflects the strength of our brand.’
   (Стойността на нематериалните активи отразява силата на нашата марка.)

Imagine a company café called Office espresso.
What are their tangible assets? The espresso machines, the building.
What are their intangible assets? The logo, the recipe for their special coffee blend, their reputation with loyal customers.

When presenting to investors, you need both sides of the story:
‘Our tangible assets support operations, while our intangible assets strengthen our market position.’

So today, we didn’t just list asset types — we learned how to actually use them in a meeting:

• timeframe → current vs non-current,
• physical form → tangible vs intangible,
• plus clear example phrases you can use tomorrow.

Remember: in English, sounding precise and confident makes your numbers more convincing.

Until next time!