Accounting period
A range of time in which accounting functions are performed, aggregated and analysed.
Accounting Records
Documentation and books used in the preperation of financial statements. They include records of assets, liabilities, monetary transactions, ledgers, journals, checks and invoices.
Accounting Reference date (or ARD)
The end of a limited company or limited liability company's financial year.
Agency Worker
An agency worker provides work or services to a company but is contracted and paid by an agency, rather than the company.
Allotment of Shares
Creation and Issue of shares to share holders or third parties from the company
Articles of Association
The internal rules that set out how the company is run and are binding on the company and all of its shareholders (or members)
Assets
Resources or things of value that can be converted in to cash. Assets are owned by individuals and businesses
Auditor
Someone who examines financial records and ensures businesses are run efficiently. They follow cash flow from beginning to end, ensuring all funds are accounted for properly
Auto-enrolement
A work place pension arranged by your employer. Employees are automatically entered in to the scheme unless they decide opt out. To be eligible for the scheme employees must be between 22 and 74 and earn over £10,000 per year
Absence
People are absent from work for 3 main reasons - they are sick, they are unable to come to work because of personal responsibilities or they are on authorised leave such as holiday
Adoption leave and pay
Qualifying employees who have been matched with a child for adoption may take up to 52 weeks adoption leave and may also be entitled to 39 weeks of statutory adoption pay. If you are a couple adopting a child one may take adoption leave and the other parent may be able to take paternity leave or shared parental leave
Age Audit Tool
This is a survey tool to help assess employee attitudes towards age in your business
Absence
People are absent from work for 3 main reasons - they are sick, they are unable to come to work because of personal responsibilities or they are on authorised leave such as holiday.
AAL
Additional Adoption Leave.
ASPP
Additional Statutory Paternity Pay.
Acas
Advisory, Conciliation and Arbitration Service.
ADR
Alternative Dispute Resolution.
AML
Aditional Maternity Leave.
APL
Additional Paternity Leave.
Age Discrimination
When a person is treated differently or stereotyped because of their age.
Agency Workers
Individuals that are supplied by an employment business to a client, who then work under the client's direction and supervision.
Alcohol and Drugs Policy
To ensure the health and safety of all employees and visitors, by having rules set in place in regards of the possession and use of alcohol and drugs, in the work environment.
Annual Leave
The set amount of days or hours that employees are permitted to be away from their work placement, without any consequences.
Antenatal Appointments
An appointment for where pregnant employees are entitled to paid time off including travel time, to check up on the health of the unborn child and mother.
Anxiety in the Workplace
When an individual has a feeling of being nervous, worried or at unease within in their workplace. This can be caused by various reasons such as meeting with deadlines, maintaining professional and personal relationships, the management of a team, dealing with problems, creating presentations and presenting them.
Appraisals
When an employee’s line manager has been examining them to give positive feedback on their qualities and success and help with any needs they may need.
Apprentice
An individual who is learning a trade from skilled employees, whilst working for a reduced wage to substitute the cost of their education fee.
Arbitration
Arbitration is a way to resolve disputes outside the area of the courts in a non-judicial view.