1099 Form
A 1099 form is a U.S. tax document used to report payments made to independent contractors and other non-employee payees.
Resources
The Accountant's Dictionary
Search structured definitions, practical explanations, and related business terms for HR, payroll, accounting, finance, and operational control.
Search the Eprecus ERP The Accountant's Dictionary
The Eprecus ERP dictionary is built for finance teams, HR managers, payroll administrators, operations leads, and business owners who need clear definitions they can apply inside real workflows. Use this glossary to understand payroll terminology, accounting definitions, HR metrics, and enterprise software concepts without vague textbook language.
Each entry is written to support practical ERP work, including reporting, approvals, payroll review, compliance conversations, reconciliation, workforce planning, and process design. If you need deeper examples, continue into the Eprecus ERP blog or review the platform overview.
Visible terms
1,437
Indexed terms
1,922
Dictionary types
2
Showing all published definitions inside The Accountant's Dictionary.
Featured
Recommended dictionary terms
Absence from Duty without Prior Approval
Absence from duty without prior approval is an unauthorized failure to report for work or obtain the required approval before being away from duty in the Jamaica public service.
Absenteeism Rate
Absenteeism rate measures the percentage of scheduled work time employees miss over a defined period.
Current view
Showing all published terms in The Accountant's Dictionary
Letters available
25
A
a/c
A/C is a shorthand abbreviation for account in bookkeeping and accounting records.
The Accountant's Dictionary
• accounting, finance
ABC
ABC usually refers to activity-based costing, a costing method that assigns overhead based on the activities that drive cost.
The Accountant's Dictionary
• accounting, finance
Accounts Payable
Accounts payable is the amount the business owes suppliers for goods or services already received but not yet paid.
The Accountant's Dictionary
• accounting, finance, accounts-payable
ABC inventory system
An ABC inventory system classifies inventory into categories such as A, B, and C based on value, usage, or control priority.
The Accountant's Dictionary
• accounting, finance, inventory
Accounts Receivable
Accounts receivable is the amount customers owe the business for goods or services already delivered but not yet collected.
The Accountant's Dictionary
• accounting, finance, accounts-receivable
abnormal spoilage
abnormal spoilage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Accrual
An accrual records income earned or expenses incurred before cash is received or paid.
The Accountant's Dictionary
• accrual accounting, month end close, financial reporting
absorption costing
absorption costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
accelerated depreciation
accelerated depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
account
account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accounting cycle
accounting cycle is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accounting department
accounting department is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accounting equation
accounting equation is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accounting net income flows
accounting net income flows is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accounting principles
accounting principles is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
Accounting Principles Board (APB)
Accounting Principles Board (APB) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accounting rate of return
accounting rate of return is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
Accounting Research Bulletin (ARB)
Accounting Research Bulletin (ARB) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accounts receivable - net
Accounts receivable net is the collectible value of receivables after deducting the allowance for doubtful or uncollectible accounts.
The Accountant's Dictionary
• accounting, finance, accounts-receivable
accounts receivable turnover ratio
Accounts receivable turnover ratio measures how efficiently the business converts credit sales into collected cash over a reporting period.
The Accountant's Dictionary
• accounting, finance, accounts-receivable
accounts written off
accounts written off is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accrual basis of accounting
Accrual basis accounting recognizes revenue when earned and expenses when incurred, regardless of when cash is received or paid.
The Accountant's Dictionary
• accounting, finance, accruals
accrual method of accounting
accrual method of accounting is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
accrual-type adjusting entry
accrual-type adjusting entry is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accruals
accruals is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accrue
accrue is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accrued expense
accrued expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
accrued expenses payable
Accrued expenses payable are expenses already incurred by the business but not yet invoiced or paid at the reporting date.
The Accountant's Dictionary
• accounting, finance, accruals
accrued liability
accrued liability is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
accrued payroll
accrued payroll is a payroll accounting term used to record employee compensation, withholdings, tax obligations, or payroll liabilities.
The Accountant's Dictionary
• accounting, finance, payroll
accrued rent
accrued rent is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accrued rent expense
accrued rent expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
accrued rent income
accrued rent income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
accrued rent liability
accrued rent liability is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
accrued rent receivable
accrued rent receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
accrued revenue
accrued revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
accrued vacation
accrued vacation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accrued vacation liability
accrued vacation liability is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
accrued vacation pay
accrued vacation pay is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accumulated deficit
accumulated deficit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accumulated depletion
accumulated depletion is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
accumulated depreciation
accumulated depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
accumulated depreciation - buildings
accumulated depreciation - buildings is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
accumulated depreciation - equipment
accumulated depreciation - equipment is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
accumulated depreciation - land improvements
accumulated depreciation - land improvements is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
accumulated other comprehensive income
accumulated other comprehensive income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
acid test ratio
acid test ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
activity-based costing (ABC)
activity-based costing (ABC) is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
activity-based management
activity-based management is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
actual costing
actual costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
actual overhead
actual overhead is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
adjunct account
adjunct account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
adjusted trial balance
An adjusted trial balance is the trial balance prepared after accruals, deferrals, depreciation, and other adjusting entries have been posted for the period.
The Accountant's Dictionary
• accounting, finance, reporting
adjusting entries
adjusting entries is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
administrative expenses
administrative expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
advance from customer
advance from customer is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
advance to employee
advance to employee is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
advertising expense
advertising expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
after-tax
after-tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
after-tax cost of debt
after-tax cost of debt is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, compliance
aging of accounts payable
Aging of accounts payable is the breakdown of unpaid supplier balances by how long each invoice has been outstanding.
The Accountant's Dictionary
• accounting, finance, accounts-payable
aging of accounts receivable
Aging of accounts receivable is the breakdown of open customer balances by how long they have remained unpaid.
The Accountant's Dictionary
• accounting, finance, accounts-receivable
AICPA
AICPA stands for the American Institute of Certified Public Accountants, a major U.S. professional body for CPAs.
The Accountant's Dictionary
• accounting, finance, compliance
ACCA
ACCA stands for the Association of Chartered Certified Accountants, a global professional accounting body.
The Accountant's Dictionary
• accounting, finance
allocate
allocate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
allocated
allocated is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
allocation
allocation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
allowance for doubtful accounts
Allowance for doubtful accounts is the contra-asset reserve used to estimate the portion of receivables that may not be collected.
The Accountant's Dictionary
• accounting, finance, accounts-receivable
allowance for uncollectible accounts
Allowance for uncollectible accounts is another name for the reserve that reduces receivables to their expected collectible value.
The Accountant's Dictionary
• accounting, finance, accounts-receivable
allowance method for bad debts expense
allowance method for bad debts expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
allowance to reduce inventory to net realizable value
allowance to reduce inventory to net realizable value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
American Institute of Certified Public Accountants (AICPA)
American Institute of Certified Public Accountants (AICPA) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
amortization
Amortization is the systematic allocation of an intangible asset, discount, premium, or deferred balance over time.
The Accountant's Dictionary
• accounting, finance, amortization
amortization expense
amortization expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
amortization of bond discount
amortization of bond discount is an amortization-related term used to spread the cost, discount, premium, or carrying amount of an item over time.
The Accountant's Dictionary
• accounting, finance
amortization of bond issue costs
amortization of bond issue costs is an amortization-related term used to spread the cost, discount, premium, or carrying amount of an item over time.
The Accountant's Dictionary
• accounting, finance, management-accounting
amortization of bond premium
amortization of bond premium is an amortization-related term used to spread the cost, discount, premium, or carrying amount of an item over time.
The Accountant's Dictionary
• accounting, finance
amortization of intangible assets
amortization of intangible assets is an amortization-related term used to spread the cost, discount, premium, or carrying amount of an item over time.
The Accountant's Dictionary
• accounting, finance
amortization schedule
amortization schedule is an amortization-related term used to spread the cost, discount, premium, or carrying amount of an item over time.
The Accountant's Dictionary
• accounting, finance
annuity
annuity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
annuity due
annuity due is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
annuity in advance
annuity in advance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
annuity in arrears
annuity in arrears is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
APB
APB stands for the Accounting Principles Board, a former U.S. standard-setting body that preceded FASB.
The Accountant's Dictionary
• accounting, finance
applied overhead
applied overhead is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
apportionment
apportionment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
appraisal
appraisal is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
appraisal report
appraisal report is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
appropriated retained earnings
appropriated retained earnings is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
ARB
ARB stands for Accounting Research Bulletin, an older U.S. accounting guidance publication.
The Accountant's Dictionary
• accounting, finance
arm's length transaction
arm's length transaction is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
arrears
arrears is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
articles of incorporation
articles of incorporation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
asset turnover ratio
Asset turnover ratio measures how efficiently the business uses its asset base to generate revenue.
The Accountant's Dictionary
• accounting, finance, ratios
assets
assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
assign
assign is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
assigned accounts receivable
assigned accounts receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
assignee
assignee is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
assignor
assignor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
audited financial statements
audited financial statements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
auditor's report
auditor's report is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
authorized number of shares of stock
authorized number of shares of stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
average accounts receivable
average accounts receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
average collection period
average collection period is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
average cost of inventory
average cost of inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
average inventory
average inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
B
Bank Reconciliation
A bank reconciliation is the process of matching the cash balance in the general ledger to the bank statement and explaining any differences such as timing items, fees, deposits in transit, or errors.
The Accountant's Dictionary
• accounting, finance, cash-management
Balance Sheet
A balance sheet is the financial statement that shows the business's assets, liabilities, and equity at a specific point in time.
The Accountant's Dictionary
• accounting, finance, financial-statements
bad debts expense
bad debts expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
balance per bank
balance per bank is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, cash-flow
balance per books
balance per books is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
balance sheet account
balance sheet account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
bank balance
bank balance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, cash-flow
bank errors
bank errors is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, cash-flow
bank overdraft
bank overdraft is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, cash-flow
bank rec
bank rec is a reconciliation term used to compare internal accounting records with external balances or supporting documents.
The Accountant's Dictionary
• accounting, finance, cash-flow
bank service charge expense
bank service charge expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance, cash-flow
bank statement
bank statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance, cash-flow
bank statement reconciliation
bank statement reconciliation is a reconciliation term used to compare internal accounting records with external balances or supporting documents.
The Accountant's Dictionary
• accounting, finance, cash-flow
basic accounting equation
basic accounting equation is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
basis point
basis point is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
batch size
batch size is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
batch-level activities
batch-level activities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
batch-level cost
batch-level cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
bearer bond
bearer bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
Big Four
Big Four is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
bill
bill is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.
The Accountant's Dictionary
• accounting, finance
bill of materials
bill of materials is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.
The Accountant's Dictionary
• accounting, finance, inventory
bill payable
bill payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
biweekly
biweekly is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
blank rec
blank rec is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
blue-collar worker
blue-collar worker is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
board of directors
board of directors is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
board-designated restriction
board-designated restriction is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
boards of accountancy
boards of accountancy is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
BOM
BOM stands for bill of materials, the structured list of components required to build a product.
The Accountant's Dictionary
• accounting, finance, inventory
bond
bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
bond call price
bond call price is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
bond coupon rate
bond coupon rate is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
bond discount
bond discount is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
bond indenture
bond indenture is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
bond interest expense
bond interest expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
bond interest rate
bond interest rate is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
bond issue costs
bond issue costs is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance, management-accounting
bond premium
bond premium is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
bond sinking fund
bond sinking fund is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
bonds payable
bonds payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
book balance
book balance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
book depreciation
book depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
book of original entry
book of original entry is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
book value
Book value is the accounting value of an asset, liability, or equity interest as recorded in the financial statements.
The Accountant's Dictionary
• accounting, finance, asset-valuation
book value of a company
book value of a company is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
book value of an asset
book value of an asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
book value per share of stock
book value per share of stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
bookkeeper
bookkeeper is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
bookkeeping
bookkeeping is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
books
books is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
borrow
borrow is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
borrower
borrower is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
bottom line
bottom line is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
bounced check
bounced check is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
break-even analysis
break-even analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
break-even point
break-even point is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
budget
budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
budget variance
budget variance is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
budgetary slack
budgetary slack is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
budgeted balance sheet
budgeted balance sheet is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
budgeted capacity
budgeted capacity is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
budgeted income statement
budgeted income statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance, management-accounting
buildings
buildings is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
burden rate
burden rate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
bx
bx is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
byproduct
byproduct is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
C
Cost of Goods Sold
Cost of goods sold is the direct cost of inventory or production consumed to deliver the goods a business sells.
The Accountant's Dictionary
• inventory, margin, gross profit
Cash Flow Statement
A cash flow statement is the financial statement that shows how cash moved through operating, investing, and financing activities during the period.
The Accountant's Dictionary
• accounting, finance, financial-statements
Chart of Accounts
A chart of accounts is the structured list of ledger accounts the business uses to classify transactions consistently for reporting and control.
The Accountant's Dictionary
• accounting, finance, gl-structure
Credit Memo
A credit memo is a document that reduces the amount a customer owes or the amount payable to a supplier.
The Accountant's Dictionary
• ar, ap, invoice corrections
call premium
call premium is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
call price
call price is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
callable bond
callable bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
callable preferred stock
callable preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
capital
capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
capital budgeting
capital budgeting is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
capital expenditures
capital expenditures is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
capital maintenance approach in determining net income
capital maintenance approach in determining net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
capital maintenance approach to net income
capital maintenance approach to net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
capital market
capital market is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
capital stock
capital stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
capitalize
capitalize is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
carrying amount
carrying amount is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
carrying cost of inventory
carrying cost of inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
carrying value
carrying value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
cash
cash is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash account
cash account is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash and cash equivalents
cash and cash equivalents is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash basis of accounting
cash basis of accounting is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash discount
cash discount is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash flow
cash flow is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash flow net of tax
cash flow net of tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
cash from financing activities
cash from financing activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash from operating activities
cash from operating activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash method of accounting
cash method of accounting is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash realizable value
cash realizable value is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash receipt
cash receipt is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash receipts journal
cash receipts journal is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash short and over
cash short and over is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cash surrender value (CSV)
cash surrender value (CSV) is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
cashier's check
cashier's check is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
CD
CD stands for certificate of deposit, a time deposit held with a bank or financial institution.
The Accountant's Dictionary
• accounting, finance
CEO
CEO stands for chief executive officer, the highest-ranking executive responsible for leading the organization.
The Accountant's Dictionary
• accounting, finance
certificate of deposit
certificate of deposit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
certified management accountant
certified management accountant is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
certified public accountant
certified public accountant is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
CFO
CFO stands for chief financial officer, the executive responsible for finance, reporting, cash management, and financial strategy.
The Accountant's Dictionary
• accounting, finance
change in accounting estimate
change in accounting estimate is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
change in net assets
change in net assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
check printing charges
check printing charges is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
checkbook
checkbook is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
checking account
checking account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
cheque
cheque is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
chief executive officer (CEO)
chief executive officer (CEO) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
chief financial officer (CFO)
chief financial officer (CFO) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
chief operating officer (COO)
chief operating officer (COO) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Circular E
Circular E is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
classified balance sheet
classified balance sheet is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
clear
clear is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
cleared
cleared is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
clearing account
clearing account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
closely-held corporation
closely-held corporation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
closing entries
closing entries is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
CMA Exam
CMA Exam is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
coefficient of correlation
coefficient of correlation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
coefficient of determination
coefficient of determination is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
COGS
COGS, or cost of goods sold, is the direct cost assigned to the goods or services delivered to customers during the reporting period.
The Accountant's Dictionary
• accounting, finance, inventory
collection period
collection period is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
commissions expense
commissions expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
commitments
commitments is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
common costs
common costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
common stock
common stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
common stock account
common stock account is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
common stock dividend distributable
common stock dividend distributable is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
common-size balance sheet
common-size balance sheet is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
common-size financial statement
common-size financial statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
common-size income statement
common-size income statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
comparability
comparability is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
comparative balance sheet
comparative balance sheet is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
comparative financial statements
comparative financial statements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
comparative income statement
comparative income statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
compensated absences
compensated absences is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
compensating balances
compensating balances is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
compilation
compilation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
compiled financial statements
compiled financial statements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
compound interest
compound interest is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
compound journal entry
compound journal entry is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance
compounding of interest
compounding of interest is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
comprehensive income
comprehensive income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
comptroller
comptroller is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
conceptual framework
conceptual framework is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
condensed balance sheet
condensed balance sheet is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
condensed financial statements
condensed financial statements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
condensed income statement
condensed income statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
conformity rule
conformity rule is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
conservatism
conservatism is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
consigned goods
consigned goods is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
consignee
consignee is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
consignment
consignment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
consignor
consignor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
consistency
consistency is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
consistent
consistent is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
consolidated financial statements
consolidated financial statements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
constant-dollar
constant-dollar is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
constraints
constraints is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
construction work-in-progress
construction work-in-progress is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
consumer price index
consumer price index is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
contingent gain
contingent gain is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
contingent liability
contingent liability is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
contingent loss
contingent loss is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
continuing operations
continuing operations is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
continuous budget
continuous budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
contra account
contra account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
contra asset account
contra asset account is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
contra equity account
contra equity account is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
contra expense account
contra expense account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
contra inventory account
contra inventory account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, inventory
contra liability account
contra liability account is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
contra owner's equity account
contra owner's equity account is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
contra revenues account
contra revenues account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
contractual interest rate
contractual interest rate is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
contributed capital
contributed capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
contribution approach income statement
contribution approach income statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
contribution margin
contribution margin is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, management-accounting
contribution margin per unit
contribution margin per unit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, management-accounting
contribution margin ratio
contribution margin ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
contributions
contributions is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
control account
control account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
controller
controller is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
controller's cushion
controller's cushion is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
controller's reserve
controller's reserve is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
conversion costs
conversion costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
convertible bond
convertible bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
convertible preferred stock
convertible preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
COO
COO stands for chief operating officer, the executive responsible for day-to-day operational performance.
The Accountant's Dictionary
• accounting, finance
copyright
copyright is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
corporation
corporation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
correcting entry
correcting entry is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
correlation
correlation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
COS
COS is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
cost
cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost accounting
cost accounting is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost behavior
cost behavior is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost center
cost center is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost flow assumption
cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost method of recording treasury stock
cost method of recording treasury stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost object
cost object is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost of capital
cost of capital is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost of carrying inventory
cost of carrying inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
cost of goods available for sale
cost of goods available for sale is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
cost of goods purchased
cost of goods purchased is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
cost of products sold
cost of products sold is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost of sales
Cost of sales is the direct cost matched to revenue and is often used interchangeably with cost of goods sold depending on industry and reporting style.
The Accountant's Dictionary
• accounting, finance, cost-of-sales
cost principle
cost principle is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost ratio
cost ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
cost-volume-profit (CVP)
cost-volume-profit (CVP) is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
coupon bond
coupon bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
CPA
CPA stands for certified public accountant, a licensed accounting professional in the United States.
The Accountant's Dictionary
• accounting, finance
CPA Exam
The CPA Exam is the professional licensing examination required to become a certified public accountant in the United States.
The Accountant's Dictionary
• accounting, finance
cr.
cr. is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
credit (as in debit and credit)
credit (as in debit and credit) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
credit (as in debt, not cash)
credit (as in debt, not cash) is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
credit balance
credit balance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
credit line
credit line is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
credit memorandum
credit memorandum is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
credit sales
credit sales is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
credit terms
credit terms is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
creditor
creditor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
crossfoot
crossfoot is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
CSV
CSV can mean cash surrender value in insurance and finance contexts, depending on how the term is used in the business record.
The Accountant's Dictionary
• accounting, finance
cumulative preferred stock
cumulative preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
current assets
Current assets are assets expected to be converted into cash, sold, or used within the next twelve months or operating cycle.
The Accountant's Dictionary
• accounting, finance, liquidity
current liabilities
Current liabilities are obligations due within the next twelve months or operating cycle.
The Accountant's Dictionary
• accounting, finance, liquidity
current maturity of long-term debt
current maturity of long-term debt is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
current portion of long-term debt
current portion of long-term debt is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
current ratio
Current ratio measures short-term liquidity by comparing current assets to current liabilities.
The Accountant's Dictionary
• accounting, finance, ratios
current value
current value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
current year's net income
current year's net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
customer deposits
customer deposits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
CVP
CVP stands for cost-volume-profit analysis, a technique used to study how cost and volume affect profit.
The Accountant's Dictionary
• accounting, finance
cycle counting
cycle counting is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
D
Depreciation
Depreciation is the systematic allocation of a tangible fixed asset's cost over the periods that benefit from its use.
The Accountant's Dictionary
• accounting, finance, fixed-assets
days' sales in accounts receivable
days' sales in accounts receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
days' sales in inventory
days' sales in inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
DCF
DCF stands for discounted cash flow, a valuation approach that estimates value by discounting expected future cash flows.
The Accountant's Dictionary
• accounting, finance
death spiral
death spiral is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
debenture bond
debenture bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
debit (as in debit and credit)
debit (as in debit and credit) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
debit balance
debit balance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
debit card
debit card is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
debit memorandum
debit memorandum is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
debt extinguishment
debt extinguishment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
debt financing
debt financing is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
debt issue costs
debt issue costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
debt ratio
debt ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
debt service
debt service is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
debt to equity ratio
debt to equity ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
debt to total asset ratio
debt to total asset ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
debtor
debtor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
decentralization
decentralization is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
declaration date
declaration date is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
declining-balance method of depreciation
declining-balance method of depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
deferral
deferral is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
deferral-type adjusting entry
deferral-type adjusting entry is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
deferred charge
deferred charge is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
deferred debits
deferred debits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
deferred expense
deferred expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
deferred income taxes
deferred income taxes is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
deferred revenues
Deferred revenue, also called unearned revenue, is the liability created when a customer pays before the business has delivered the promised goods or services.
The Accountant's Dictionary
• accounting, finance, revenue-recognition
deficit
deficit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
defined benefit pension plan
defined benefit pension plan is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
defined contribution pension plan
defined contribution pension plan is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
delivery equipment
delivery equipment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
delivery expense
delivery expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
demand deposits
demand deposits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
departmental overhead rate
departmental overhead rate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
dependent variable
dependent variable is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
depletion
depletion is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
depletion expense
depletion expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
depositor
depositor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
deposits
deposits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
deposits in transit
deposits in transit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
depreciable cost
depreciable cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
depreciated
depreciated is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
depreciation - accelerated
depreciation - accelerated is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
depreciation - double declining balance
depreciation - double declining balance is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
depreciation - straight line
depreciation - straight line is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
depreciation - sum of the years' digits
depreciation - sum of the years' digits is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
depreciation expense
depreciation expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
depreciation expense: equipment
depreciation expense: equipment is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
depreciation methods
depreciation methods is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
differential cost
differential cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
differential revenue
differential revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
direct allocation method
direct allocation method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
direct cost
direct cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct costing
direct costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct labor efficiency variance
direct labor efficiency variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct labor price variance
direct labor price variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct labor quantity variance
direct labor quantity variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct labor rate variance
direct labor rate variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct labor usage variance
direct labor usage variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
direct materials
direct materials is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials efficiency variance
direct materials efficiency variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials inventory
direct materials inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials price variance
direct materials price variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials quantity variance
direct materials quantity variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
direct materials usage variance
direct materials usage variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
direct method
direct method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
direct write-off method
direct write-off method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
disclosure
disclosure is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
discontinued operations
discontinued operations is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
discount on bonds payable
discount on bonds payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
discount on notes payable
discount on notes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
discount on notes receivable
discount on notes receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
discount rate
discount rate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
discounted cash flow model
discounted cash flow model is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
discounted cash flow technique
discounted cash flow technique is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
disposal of fixed assets
disposal of fixed assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
dividend
dividend is a dividend-related term used to describe the declaration, payment, priority, or reporting of distributions to owners.
The Accountant's Dictionary
• accounting, finance
dividend declaration date
dividend declaration date is a dividend-related term used to describe the declaration, payment, priority, or reporting of distributions to owners.
The Accountant's Dictionary
• accounting, finance
dividend payment date
dividend payment date is a dividend-related term used to describe the declaration, payment, priority, or reporting of distributions to owners.
The Accountant's Dictionary
• accounting, finance
dividend payout ratio
dividend payout ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
dividend yield
dividend yield is a dividend-related term used to describe the declaration, payment, priority, or reporting of distributions to owners.
The Accountant's Dictionary
• accounting, finance
dividends declared
dividends declared is a dividend-related term used to describe the declaration, payment, priority, or reporting of distributions to owners.
The Accountant's Dictionary
• accounting, finance
dividends in arrears
dividends in arrears is a dividend-related term used to describe the declaration, payment, priority, or reporting of distributions to owners.
The Accountant's Dictionary
• accounting, finance
dividends payable
dividends payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
divisions
divisions is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
dollar-value LIFO retail method
dollar-value LIFO retail method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
dollar-value retail method
dollar-value retail method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
donated capital
donated capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
donor
donor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
donor restriction
donor restriction is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
donor-imposed condition
donor-imposed condition is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
donor-imposed restriction
donor-imposed restriction is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
double-declining balance method of depreciation
double-declining balance method of depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
double-entry accounting
double-entry accounting is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
downward demand spiral
downward demand spiral is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
draw
draw is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
drawing account
drawing account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
dues
dues is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
duplicate payment
duplicate payment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
E
EBITDA
EBITDA means earnings before interest, taxes, depreciation, and amortization and is a widely used measure of operating performance before financing and non-cash accounting effects.
The Accountant's Dictionary
• accounting, finance, management-reporting
early payment discount
early payment discount is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
earned
earned is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
earnings per share (EPS)
earnings per share (EPS) is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
earnings quality
earnings quality is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
economic entity assumption
economic entity assumption is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
economic life
economic life is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
economic lot size
economic lot size is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
economic order quantity (EOQ) model
economic order quantity (EOQ) model is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
effective interest rate
effective interest rate is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
effective interest rate method of amortization
effective interest rate method of amortization is an amortization-related term used to spread the cost, discount, premium, or carrying amount of an item over time.
The Accountant's Dictionary
• accounting, finance
efficiency variance
efficiency variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
EFT
EFT stands for electronic funds transfer, the movement of money electronically between accounts or institutions.
The Accountant's Dictionary
• accounting, finance
eighty/twenty rule
eighty/twenty rule is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
electronic funds transfer (EFT)
electronic funds transfer (EFT) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
employee fringe benefits
employee fringe benefits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
employer payroll taxes
employer payroll taxes is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, payroll
Employer's Tax Guide
Employer's Tax Guide is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
endowment
endowment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
endowment fund
endowment fund is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
entity as a whole
entity as a whole is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
EOM
EOM usually means end of month in payment terms, billing schedules, and settlement arrangements.
The Accountant's Dictionary
• accounting, finance
EOQ
EOQ stands for economic order quantity, a model used to determine the ideal order size that minimizes ordering and holding cost.
The Accountant's Dictionary
• accounting, finance
EPS
EPS stands for earnings per share, a measure of profit attributable to each outstanding share of common stock.
The Accountant's Dictionary
• accounting, finance
equipment
equipment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
equipment rental expense
equipment rental expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
equity
equity is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
equity financing
equity financing is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
equity section of the balance sheet
equity section of the balance sheet is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance, compliance
equivalent units
equivalent units is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
equivalent units of production
equivalent units of production is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
escrow
escrow is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
estimates
estimates is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
estimating inventory
estimating inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
ex-dividend
ex-dividend is a dividend-related term used to describe the declaration, payment, priority, or reporting of distributions to owners.
The Accountant's Dictionary
• accounting, finance
exchange of dissimilar nonmonetary assets
exchange of dissimilar nonmonetary assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
exchange of similar nonmonetary assets
exchange of similar nonmonetary assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
exempt employee
exempt employee is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
expanded accounting equation
expanded accounting equation is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
expected value
expected value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
expenditure
expenditure is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
expenses
expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
expenses and losses
expenses and losses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
expenses by function
expenses by function is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
expired costs
expired costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
exploding the bills of materials
exploding the bills of materials is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
extension or extend
extension or extend is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
external financial reporting
external financial reporting is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
external reporting
external reporting is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
extinguishment of debt
extinguishment of debt is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
extraordinary repair
extraordinary repair is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
F
Fixed Assets
Fixed assets are long-term tangible assets used in the business over more than one reporting period, such as equipment, vehicles, furniture, and buildings.
The Accountant's Dictionary
• accounting, finance, fixed-assets
Fiscal Year
A fiscal year is the 12-month financial reporting period a business uses for budgeting, accounting, and statutory reporting.
The Accountant's Dictionary
• reporting period, financial close, budgeting
factoring accounts receivable
factoring accounts receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
factory burden
factory burden is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
factory overhead
factory overhead is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
FAF
FAF stands for the Financial Accounting Foundation, the body that oversees FASB and related standard-setting activities.
The Accountant's Dictionary
• accounting, finance
fair market value
fair market value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
FAS
FAS refers to Financial Accounting Standards issued under prior U.S. accounting guidance frameworks.
The Accountant's Dictionary
• accounting, finance
FASB
FASB stands for the Financial Accounting Standards Board, the primary U.S. accounting standard-setting body.
The Accountant's Dictionary
• accounting, finance, compliance
FASB interpretation
FASB interpretation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
FASB pronouncements
FASB pronouncements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
FASB Statement 116
FASB Statement 116 is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
FASB Statement 117
FASB Statement 117 is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
FASB statements of financial accounting concepts
FASB statements of financial accounting concepts is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
FASB statements of financial accounting standards
FASB statements of financial accounting standards is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
favorable variance
favorable variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
federal income tax withholdings payable
federal income tax withholdings payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, compliance
Federal Insurance Contributions Act (FICA)
Federal Insurance Contributions Act (FICA) is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance, payroll
federal unemployment tax
federal unemployment tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
fees earned
fees earned is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
FEI
FEI stands for Financial Executives International, a professional association for senior finance leaders.
The Accountant's Dictionary
• accounting, finance
FG Inventory
FG inventory means finished goods inventory, the completed products held for sale.
The Accountant's Dictionary
• accounting, finance, inventory
FICA
FICA stands for the Federal Insurance Contributions Act, the U.S. payroll tax system funding Social Security and Medicare.
The Accountant's Dictionary
• accounting, finance, payroll
FICA expense: delivery
FICA expense: delivery is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
FICA expense: selling & admin
FICA expense: selling & admin is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
FICA expense: warehouse
FICA expense: warehouse is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
FICA tax payable
FICA tax payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, payroll
FIFO
FIFO stands for first in, first out, a cost flow assumption where the earliest inventory costs are assigned first.
The Accountant's Dictionary
• accounting, finance, inventory
FIFO cost flow assumption
FIFO cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
financial accounting
financial accounting is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
Financial Accounting Foundation (FAF)
Financial Accounting Foundation (FAF) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
Financial Accounting Standards Board (FASB)
Financial Accounting Standards Board (FASB) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
financial leverage
financial leverage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
financial ratios
financial ratios is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
financial reporting
financial reporting is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
financial statement analysis
financial statement analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
financial statements
financial statements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
financial statements of nonprofits
financial statements of nonprofits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
financing activities
financing activities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
finished goods inventory
finished goods inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
first in, first out (FIFO)
first in, first out (FIFO) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
first in, still here (FISH)
first in, still here (FISH) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
FISH
FISH stands for first in, still here, an informal way to describe older inventory that remains on hand.
The Accountant's Dictionary
• accounting, finance
fixed costs
fixed costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
fixed expenses
fixed expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
fixed manufacturing overhead applied
fixed manufacturing overhead applied is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
fixed manufacturing overhead budget variance
fixed manufacturing overhead budget variance is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
fixed manufacturing overhead incurred
fixed manufacturing overhead incurred is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
fixed manufacturing overhead volume variance
fixed manufacturing overhead volume variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
fixed overhead budget variance
fixed overhead budget variance is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
fixed overhead spending variance
fixed overhead spending variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
fixed rate loan
fixed rate loan is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
flexible budget
flexible budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
float
float is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
flow-through contributions
flow-through contributions is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
FOB
FOB stands for free on board and defines the point at which shipping ownership and risk transfer.
The Accountant's Dictionary
• accounting, finance
FOB destination
FOB destination is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
FOB shipping point
FOB shipping point is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
foot
foot is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
footnotes
footnotes is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
for-profit organization
for-profit organization is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Form 10-K
Form 10-K is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Form 990
Form 990 is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
free cash flow
free cash flow is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
free cash flow per share
free cash flow per share is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance, cash-flow
free on board (FOB)
free on board (FOB) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
freight-in
freight-in is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
freight-out
freight-out is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
fringe benefit rate
fringe benefit rate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
fringe benefits
fringe benefits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
full costing
full costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
full disclosure principle
full disclosure principle is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
fully depreciated
fully depreciated is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
functional and natural matrix
functional and natural matrix is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
functional basis
functional basis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
functional expense classification
functional expense classification is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
fundraising expenses
fundraising expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
funds flow statement
funds flow statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
furniture and fixtures
furniture and fixtures is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
FUTA
FUTA stands for the Federal Unemployment Tax Act, the U.S. federal payroll tax that funds unemployment programs.
The Accountant's Dictionary
• accounting, finance, payroll
future value of 1 table
future value of 1 table is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
future value of an annuity due
future value of an annuity due is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
future value of an ordinary annuity
future value of an ordinary annuity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
G
General Ledger
The general ledger is the central accounting record that stores summarized financial activity by account across the entire business.
The Accountant's Dictionary
• accounting, finance, general-ledger
Gross Margin
Gross margin is the percentage of revenue remaining after deducting cost of goods sold or direct cost of sales.
The Accountant's Dictionary
• accounting, finance, gross-margin
GAAP
GAAP stands for generally accepted accounting principles, the formal accounting framework used primarily in the United States for financial reporting and disclosure.
The Accountant's Dictionary
• accounting, finance, compliance
gain contingency
gain contingency is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gain on retirement of bonds
gain on retirement of bonds is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
gain on sale of assets
gain on sale of assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
gain on sale of automobile
gain on sale of automobile is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gain on sale of equipment
gain on sale of equipment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gain on sale of investments
gain on sale of investments is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gain on sale of land
gain on sale of land is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gain on sale of truck
gain on sale of truck is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gain or loss on the sale of a long-term asset
gain or loss on the sale of a long-term asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
gains
gains is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
garnishment
garnishment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
garnishment payable
garnishment payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
general journal
general journal is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance
general journal entry
general journal entry is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance
general ledger account
general ledger account is a ledger-related term used to organize, summarize, and report account activity or balances.
The Accountant's Dictionary
• accounting, finance
generally accepted accounting principles (GAAP)
Generally accepted accounting principles, or GAAP, are the formal accounting standards and conventions used primarily in the United States.
The Accountant's Dictionary
• accounting, finance, compliance
going concern assumption
going concern assumption is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
good output
good output is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
goods in transit
goods in transit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
goodwill
goodwill is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gross
gross is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gross profit
Gross profit is revenue minus cost of goods sold or direct cost of sales, before operating expenses are deducted.
The Accountant's Dictionary
• accounting, finance, gross-profit
gross profit method of estimating inventory
gross profit method of estimating inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
gross profit percentage
gross profit percentage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gross profit ratio
gross profit ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
gross salaries
gross salaries is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gross sales
gross sales is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
gross wages
gross wages is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
H
health insurance expense: delivery
health insurance expense: delivery is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
health insurance expense: selling & admin
health insurance expense: selling & admin is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
health insurance expense: warehouse
health insurance expense: warehouse is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
held-to-maturity securities
held-to-maturity securities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
high-low method
high-low method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
historical cost
historical cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
holding costs
holding costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
holding gain
holding gain is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
holding loss
holding loss is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
holiday, vacation, sick days expense: delivery
holiday, vacation, sick days expense: delivery is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
holiday, vacation, sick days expense: warehouse
holiday, vacation, sick days expense: warehouse is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
holiday, vacation, sick days payable
holiday, vacation, sick days payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
horizontal analysis
horizontal analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
hurdle rate
hurdle rate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
I
IASB
IASB stands for the International Accounting Standards Board, the body that issues IFRS accounting standards.
The Accountant's Dictionary
• accounting, finance
IFRS
IFRS stands for International Financial Reporting Standards, the global accounting framework used in many countries for statutory and external financial reporting.
The Accountant's Dictionary
• accounting, finance, compliance
illusory profits
illusory profits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
IMA
IMA stands for the Institute of Management Accountants, a professional body for management accounting and finance professionals.
The Accountant's Dictionary
• accounting, finance
impairment
impairment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
impairment of long-lived assets
impairment of long-lived assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
implicit interest rate
implicit interest rate is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
imprest amount
imprest amount is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
imputed interest
imputed interest is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
in-kind
in-kind is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
in-process inventory
in-process inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
income
income is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
income from operations
income from operations is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
income statement
An income statement is the financial statement that reports revenue, expenses, and profit or loss for a reporting period.
The Accountant's Dictionary
• accounting, finance, financial-statements
income statement account
income statement account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
income summary account
income summary account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
income tax code
income tax code is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
income tax depreciation
income tax depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance, compliance
income tax expense
income tax expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance, compliance
income taxes payable
income taxes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, compliance
incremental cost
incremental cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
incremental income tax rate
incremental income tax rate is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
incremental revenue
incremental revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
incurred
incurred is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
indenture
indenture is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
independent contractor
independent contractor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
independent variable
independent variable is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
indirect cost
indirect cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
indirect factory costs
indirect factory costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
indirect labor
indirect labor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
indirect manufacturing costs
indirect manufacturing costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
indirect materials
indirect materials is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
indirect method of SCF
indirect method of SCF is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
industry practices
industry practices is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
inelastic demand
inelastic demand is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
information
information is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
insolvent
insolvent is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Institute of Management Accountants
Institute of Management Accountants is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
insurance
insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
insurance expense
insurance expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
intangible assets
intangible assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
interest earned
interest earned is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
interest expense
interest expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
interest income
interest income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
interest payable
interest payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
interest receivable
interest receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
interest revenues
interest revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
interim financial statement
interim financial statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
internal rate of return
internal rate of return is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Internal Revenue Service (IRS)
Internal Revenue Service (IRS) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
International Accounting Standards Board (IASB)
International Accounting Standards Board (IASB) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
International Financial Reporting Standards (IFRS)
International Financial Reporting Standards, or IFRS, are the global accounting standards used in many jurisdictions for external reporting.
The Accountant's Dictionary
• accounting, finance, compliance
interperiod tax allocation
interperiod tax allocation is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
interpretations
interpretations is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
intraperiod tax allocations
intraperiod tax allocations is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
inventoriable cost
inventoriable cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
inventory
inventory is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory carrying costs
inventory carrying costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
inventory conformity rule
inventory conformity rule is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory cost flow assumption
inventory cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
inventory extension
inventory extension is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory holding costs
inventory holding costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, inventory
inventory shrinkage
inventory shrinkage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory turnover ratio
Inventory turnover ratio measures how often inventory is sold or consumed and replaced during the reporting period.
The Accountant's Dictionary
• accounting, finance, inventory
inventory valuation
inventory valuation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: FG
inventory: FG is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: finished goods (FG)
inventory: finished goods (FG) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: materials
inventory: materials is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: WIP
inventory: WIP is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
inventory: work-in-process (WIP)
inventory: work-in-process (WIP) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
investing activities
investing activities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
investment centers
investment centers is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
investment in another company
investment in another company is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
investment revenues
investment revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
investment securities
investment securities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
investments
investments is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
invoice
invoice is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.
The Accountant's Dictionary
• accounting, finance, cash-flow
IRR
IRR stands for internal rate of return, the discount rate at which a project's net present value equals zero.
The Accountant's Dictionary
• accounting, finance
IRS
IRS stands for the Internal Revenue Service, the U.S. federal tax authority.
The Accountant's Dictionary
• accounting, finance, compliance
IRS Publication 15
IRS Publication 15, also called Employer's Tax Guide, provides U.S. federal payroll tax guidance for employers.
The Accountant's Dictionary
• accounting, finance, compliance
J
Journal Entry
A journal entry is the formal accounting record used to post debits and credits into the ledger.
The Accountant's Dictionary
• accounting, finance, journal-entries
J. Ott, Capital
J. Ott, Capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
J. Ott, Drawing
J. Ott, Drawing is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
JIT
JIT stands for just-in-time, an inventory and production approach that reduces stock on hand by synchronizing supply with demand.
The Accountant's Dictionary
• accounting, finance
job cost record
job cost record is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
job costing
job costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
job order cost sheet
job order cost sheet is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
job order costing
job order costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
job order system
job order system is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
joint cost
joint cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
joint product
joint product is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
journal
journal is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance
journalize
journalize is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance
just-in-time (JIT)
just-in-time (JIT) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
K
L
Letter "H"
Letter "H" is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
labor efficiency variance
labor efficiency variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
labor rate variance
labor rate variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
labor variances
labor variances is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
land
land is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
land improvements
land improvements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
landlord
landlord is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
last in, first out (LIFO)
last in, first out (LIFO) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
lawsuit payable
lawsuit payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
LCM
LCM stands for lower of cost or market, an older inventory valuation rule used in some accounting contexts.
The Accountant's Dictionary
• accounting, finance
lead time
lead time is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
learning curve
learning curve is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
leaseback
leaseback is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
leasehold improvements
leasehold improvements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
least-squares regression method
least-squares regression method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
ledger
ledger is a ledger-related term used to organize, summarize, and report account activity or balances.
The Accountant's Dictionary
• accounting, finance
legal capital
legal capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
lend
lend is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
lender
lender is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
lessee
lessee is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
lessor
lessor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
letter of credit
letter of credit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
leverage
leverage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
liabilities
liabilities is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
lien
lien is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
LIFO
LIFO stands for last in, first out, a cost flow assumption where the most recent inventory costs are assigned first.
The Accountant's Dictionary
• accounting, finance, inventory
LIFO conformity rule
LIFO conformity rule is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
LIFO liquidation of layer
LIFO liquidation of layer is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
LIFO reserve
LIFO reserve is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
limited liability company
limited liability company is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
line of credit
line of credit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
linear programming
linear programming is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
liquidation of LIFO layer
liquidation of LIFO layer is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
liquidity
liquidity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
liquidity ratios
liquidity ratios is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
LLC
LLC stands for limited liability company, a legal business structure combining liability protection with flexible tax treatment.
The Accountant's Dictionary
• accounting, finance
loan amortization schedule
loan amortization schedule is an amortization-related term used to spread the cost, discount, premium, or carrying amount of an item over time.
The Accountant's Dictionary
• accounting, finance
loans receivable
loans receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
lock-box system
lock-box system is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
long-lived assets
long-lived assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
long-term assets
long-term assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
long-term investments
long-term investments is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
long-term liabilities
long-term liabilities is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
loss
loss is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
loss contingency
loss contingency is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
loss from labor strike
loss from labor strike is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
loss from lawsuit
loss from lawsuit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
loss from reducing inventory to NRV
loss from reducing inventory to NRV is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
loss on sale of assets
loss on sale of assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
loss on sale of computer
loss on sale of computer is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
loss on sale of equipment
loss on sale of equipment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
loss on sale of land
loss on sale of land is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
loss on sale of truck
loss on sale of truck is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
losses
losses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
lost opportunity
lost opportunity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
lower of cost or market
lower of cost or market is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
lower of cost or net realizable value
lower of cost or net realizable value is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
M
major repairs
major repairs is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
make or buy decision
make or buy decision is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
management accounting
management accounting is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
management and general expenses
management and general expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
management's discussion and analysis
management's discussion and analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
managerial accounting
managerial accounting is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
manual system
manual system is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
manufacturing cell
manufacturing cell is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
manufacturing costs
manufacturing costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
manufacturing overhead
manufacturing overhead is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
manufacturing support costs
manufacturing support costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
margin of safety
margin of safety is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, management-accounting
marginal cost
marginal cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
marginal revenue
marginal revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance, management-accounting
markdown
markdown is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
markdown cancellation
markdown cancellation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
market interest rate
market interest rate is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
market share
market share is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
marketable debt securities
marketable debt securities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
marketable equity securities
marketable equity securities is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance, compliance
marketable securities
marketable securities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
markup
markup is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
markup cancellation
markup cancellation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Mary Smith, Capital
Mary Smith, Capital is an owner's equity or partner capital account used to record ownership interest for Mary Smith.
The Accountant's Dictionary
• accounting, finance
Mary Smith, Drawing
Mary Smith, Drawing is an owner's drawing account used to record withdrawals made by Mary Smith from the business.
The Accountant's Dictionary
• accounting, finance
matching principle
matching principle is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
materiality
materiality is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
materials inventory
materials inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
materials price variance
materials price variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
materials quantity variance
materials quantity variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
materials usage variance
materials usage variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, inventory
matrix format
matrix format is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Matt Jones, Capital
Matt Jones, Capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
Matt Jones, Current year net income
Matt Jones, Current year net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
Medicare tax
Medicare tax is the U.S. payroll tax withheld to fund the Medicare healthcare program.
The Accountant's Dictionary
• accounting, finance, payroll
membership dues
membership dues is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
memo entry
memo entry is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
merchandise
merchandise is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
merchandise in transit
merchandise in transit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
merchandise inventory
merchandise inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
merchandiser
merchandiser is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
MICR
MICR stands for magnetic ink character recognition, the banking technology used to read printed cheque information.
The Accountant's Dictionary
• accounting, finance
mid-month convention
mid-month convention is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
mid-year convention
mid-year convention is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
MIS
MIS stands for management information system, a system used to collect and report business information for decision-making.
The Accountant's Dictionary
• accounting, finance
miscellaneous expense
miscellaneous expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
mixed costs
mixed costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
mixed expenses
mixed expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
mm
MM commonly means million in financial shorthand, depending on reporting context.
The Accountant's Dictionary
• accounting, finance
monetary asset
monetary asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
monetary unit assumption
monetary unit assumption is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
money market account
money market account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
mortgage
mortgage is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
mortgage bond
mortgage bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
mortgage loan
mortgage loan is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
mortgage loan payable
mortgage loan payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
mortgage loan receivable
mortgage loan receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
moving average
moving average is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
multicollinearity
multicollinearity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
multiple regression analysis
multiple regression analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
multiple-step income statement
multiple-step income statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
N
NAA
NAA stands for the National Association of Accountants, the former name of the Institute of Management Accountants.
The Accountant's Dictionary
• accounting, finance
National Association of Accountants (NAA)
National Association of Accountants (NAA) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
natural basis
natural basis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
natural business year
natural business year is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
natural expense classification
natural expense classification is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
natural resources
natural resources is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
negative owner's equity
negative owner's equity is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
net
net is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net assets
net assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
net assets with donor restrictions
net assets with donor restrictions is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
net assets without donor restrictions
net assets without donor restrictions is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
net book value
net book value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net carrying amount
net carrying amount is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net cash flow from financing activities
net cash flow from financing activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
net cash flow from investing activities
net cash flow from investing activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
net cash flow from operating activities
net cash flow from operating activities is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
net credit sales
net credit sales is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net current assets
net current assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
net income
Net income is the profit remaining after all operating costs, financing costs, taxes, and other recognized expenses have been deducted from revenue.
The Accountant's Dictionary
• accounting, finance, profitability
net income available for common stock
net income available for common stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
net loss
net loss is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net method of recording accounts payable
net method of recording accounts payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
net of tax
net of tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
net operating income (NOI)
net operating income (NOI) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net pay
net pay is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
net payroll payable
net payroll payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, payroll
net present value
net present value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net purchases
net purchases is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net realizable value (NRV)
net realizable value (NRV) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net sales
net sales is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
net working capital
Net working capital is another name for working capital and represents current assets minus current liabilities.
The Accountant's Dictionary
• accounting, finance, liquidity
next-in, first-out cost flow assumption
next-in, first-out cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, compliance
NIFO
NIFO means next in, first out, a hypothetical cost flow concept that values usage at replacement cost rather than actual historical cost.
The Accountant's Dictionary
• accounting, finance
no-par value stock
no-par value stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
NOI
NOI stands for net operating income, a measure of profit from core operations before certain non-operating items.
The Accountant's Dictionary
• accounting, finance
nominal account
nominal account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
nominal interest rate
nominal interest rate is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
noncash expense
noncash expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance, cash-flow
noncumulative preferred stock
noncumulative preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
noncurrent assets
noncurrent assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
noncurrent liabilities
noncurrent liabilities is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
nonexempt employee
nonexempt employee is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
nonmanufacturing overhead cost
nonmanufacturing overhead cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
nonmonetary asset
nonmonetary asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
nonoperating expense
nonoperating expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
nonoperating income/revenue
nonoperating income/revenue is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
nonparticipating preferred stock
nonparticipating preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
nonprofit organization
nonprofit organization is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
nontrade receivables
nontrade receivables is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, cash-flow
normal account balance
normal account balance is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
normal costing
normal costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
normal operating activities
normal operating activities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
normal spoilage
normal spoilage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
not sufficient funds (NSF) check
not sufficient funds (NSF) check is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
not-for-profit organization
not-for-profit organization is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
notes payable
notes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
notes receivable
notes receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
notes to financial statements
notes to financial statements is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
NPV
NPV stands for net present value, the present value of future cash inflows minus outflows using a chosen discount rate.
The Accountant's Dictionary
• accounting, finance
NRV
NRV stands for net realizable value, the estimated selling price minus completion and disposal costs.
The Accountant's Dictionary
• accounting, finance
NSF check
An NSF check is a not-sufficient-funds check returned because the payer's bank account did not contain enough money.
The Accountant's Dictionary
• accounting, finance
O
OASDI
OASDI stands for Old-Age, Survivors, and Disability Insurance, the Social Security component of U.S. payroll taxes.
The Accountant's Dictionary
• accounting, finance, payroll
objectives of financial reporting
objectives of financial reporting is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
objectivity
objectivity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
obsolescence
obsolescence is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
OEM
OEM stands for original equipment manufacturer, commonly used in manufacturing, procurement, and product cost contexts.
The Accountant's Dictionary
• accounting, finance
off balance sheet financing
off balance sheet financing is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
office equipment
office equipment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
office equipment expense
office equipment expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
office supplies expense
office supplies expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
officers
officers is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
old-age, survivor, and disability insurance (OASDI)
old-age, survivor, and disability insurance (OASDI) is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance, payroll
omitted dividends on preferred stock
omitted dividends on preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
on account
on account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
on consignment
on consignment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
on credit
on credit is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
operating activities
operating activities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
operating cycle
operating cycle is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
operating expenses
operating expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
operating income
Operating income is profit earned from core business operations before interest, taxes, and certain non-operating items are considered.
The Accountant's Dictionary
• accounting, finance, operating-performance
operating loss
operating loss is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
opportunity cost
opportunity cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
order costs
order costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
ordinary annuity
ordinary annuity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
ordinary repairs
ordinary repairs is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
organic growth
organic growth is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
organization as a whole
organization as a whole is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
organization chart
organization chart is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
organization-sustaining activities
organization-sustaining activities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
other accrued expenses payable
other accrued expenses payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
other assets
other assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
other current assets
other current assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
other current liabilities
other current liabilities is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
outlier
outlier is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
output
output is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
outside supplier
outside supplier is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
outsourcing
outsourcing is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
outstanding checks
outstanding checks is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
outstanding shares of common stock
outstanding shares of common stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
overabsorbed
overabsorbed is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
overapplied overhead costs
overapplied overhead costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
overdraws
overdraws is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
overhead application
overhead application is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
overhead costs
overhead costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
overhead variances
overhead variances is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
overstates
overstates is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
overtime pay
overtime pay is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
overtime premium
overtime premium is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
owner's (stockholders') equity
owner's (stockholders') equity is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
owner's capital account
owner's capital account is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
owner's capital account - beg of year
owner's capital account - beg of year is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
owner's drawing account
owner's drawing account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
owner's equity accounts
owner's equity accounts is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
P
Profit and Loss Statement
A profit and loss statement summarizes revenue, costs, and expenses to show whether the business made a profit or loss.
The Accountant's Dictionary
• financial statements, income statement, profitability
Prepayment
A prepayment is an amount paid in advance for goods or services that will be consumed in a future period.
The Accountant's Dictionary
• accruals, prepaid expenses, month end close
P & L
P & L stands for profit and loss statement, the financial statement that summarizes revenue, expenses, and profit.
The Accountant's Dictionary
• accounting, finance
p.o.
P.O. stands for purchase order, the formal document authorizing a procurement transaction.
The Accountant's Dictionary
• accounting, finance
Pacioli
Pacioli refers to Luca Pacioli, the historical figure associated with formalizing double-entry bookkeeping.
The Accountant's Dictionary
• accounting, finance
paid sick days
paid sick days is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
paid vacation days
paid vacation days is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
paid-in capital
paid-in capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
paid-in capital from treasury stock
paid-in capital from treasury stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
paid-in capital in excess of par value
paid-in capital in excess of par value is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
paid-in capital in excess of par value - common stock
paid-in capital in excess of par value - common stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
paid-in capital in excess of par value - preferred stock
paid-in capital in excess of par value - preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
paid-in capital in excess of stated value - common stock
paid-in capital in excess of stated value - common stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
par value
par value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
par value of bonds
par value of bonds is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
par value of common stock
par value of common stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
par value of preferred stock
par value of preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
participating preferred stock
participating preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
partnership
partnership is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
pass-through contributions
pass-through contributions is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
past cost
past cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
payable
payable is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, cash-flow
payback
payback is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
payback period
payback period is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
payee
payee is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
payroll accrual
payroll accrual is a payroll accounting term used to record employee compensation, withholdings, tax obligations, or payroll liabilities.
The Accountant's Dictionary
• accounting, finance, payroll
payroll tax liability
payroll tax liability is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, payroll
payroll taxes
payroll taxes is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, payroll
payroll taxes payable
payroll taxes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, payroll
payroll withholdings
payroll withholdings is a payroll accounting term used to record employee compensation, withholdings, tax obligations, or payroll liabilities.
The Accountant's Dictionary
• accounting, finance, payroll
PCAOB
PCAOB stands for the Public Company Accounting Oversight Board, the regulator that oversees audits of public companies in the United States.
The Accountant's Dictionary
• accounting, finance, compliance
pension expense
pension expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
pension payable
pension payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
period cost
period cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
periodic average
periodic average is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
periodic FIFO
periodic FIFO is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
periodic LIFO
periodic LIFO is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
periodic system of inventory
periodic system of inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
periodicity
periodicity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
permanent accounts
permanent accounts is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
permanently restricted net assets
permanently restricted net assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
perpetual average
perpetual average is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
perpetual FIFO
perpetual FIFO is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual inventory
perpetual inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual inventory method
perpetual inventory method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual LIFO
perpetual LIFO is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
perpetual system of inventory
perpetual system of inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
PERT
PERT stands for program evaluation and review technique, a project planning and scheduling method.
The Accountant's Dictionary
• accounting, finance
petty cash
petty cash is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
petty cash receipt
petty cash receipt is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
petty cash replenishment
petty cash replenishment is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
petty cash voucher
petty cash voucher is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
phantom profits
phantom profits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
physical count
physical count is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
physical inventory
physical inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
physical life
physical life is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
plant assets
plant assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
plant-wide overhead rate
plant-wide overhead rate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
pledged asset
pledged asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
POP
POP commonly means point of purchase or proof of posting, depending on the accounting or retail operations context.
The Accountant's Dictionary
• accounting, finance
POS
POS stands for point of sale, the place and system where customer transactions are completed.
The Accountant's Dictionary
• accounting, finance
post balance sheet event
post balance sheet event is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
post-closing trial balance
A post-closing trial balance is the balance report prepared after closing entries are posted, showing the accounts that carry forward into the next period.
The Accountant's Dictionary
• accounting, finance, reporting
postdated check
postdated check is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
posting
posting is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
postretirement benefits
postretirement benefits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
predetermined overhead rate
predetermined overhead rate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
preferred stock
preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
preferred stock $100 par
preferred stock $100 par is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
preferred stock account
preferred stock account is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
premium on bonds payable
premium on bonds payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
premium on common stock
premium on common stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
premium on preferred stock
premium on preferred stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
prepaid advertising
prepaid advertising is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
prepaid asset
prepaid asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
prepaid association dues
prepaid association dues is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
prepaid dues
prepaid dues is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
prepaid expense
prepaid expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
prepaid insurance
prepaid insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
prepaid rent
prepaid rent is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
prepayment-type adjusting entry
prepayment-type adjusting entry is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value
present value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value factors
present value factors is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value model
present value model is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value of 1 table
present value of 1 table is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value of a single amount
present value of a single amount is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value of an annuity
present value of an annuity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value of an annuity due
present value of an annuity due is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value of an annuity due table
present value of an annuity due table is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value of an ordinary annuity
present value of an ordinary annuity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value of an ordinary annuity table
present value of an ordinary annuity table is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
present value table
present value table is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
price earnings ratio
price earnings ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
price variance
price variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
primary activities
primary activities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
prime costs
prime costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
principal
principal is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
principal payment
principal payment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
principles and guidelines
principles and guidelines is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
prior period adjustment
prior period adjustment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
pro forma financial statement
pro forma financial statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
pro forma income
pro forma income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
pro rata
pro rata is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
proceeds
proceeds is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
process costing system
process costing system is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
procurement
procurement is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
product cost
product cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
product warranty cost
product warranty cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
production costs
production costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
production department
production department is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
production service department
production service department is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
production volume variance
production volume variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
profit center
profit center is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
profit margin
profit margin is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, management-accounting
profitability
profitability is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
program evaluation and review technique (PERT)
program evaluation and review technique (PERT) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
program expenses
program expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
program services
program services is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
promissory note
promissory note is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
property dividend
property dividend is a dividend-related term used to describe the declaration, payment, priority, or reporting of distributions to owners.
The Accountant's Dictionary
• accounting, finance
property, plant, and equipment
property, plant, and equipment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
proprietor
proprietor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
proprietorship
proprietorship is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
prorate
prorate is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
provision for doubtful accounts
provision for doubtful accounts is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
public companies
public companies is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Public Company Accounting Oversight Board (PCAOB)
Public Company Accounting Oversight Board (PCAOB) is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance, compliance
Publication 15
Publication 15 is the U.S. Employer's Tax Guide issued by the IRS for payroll tax withholding and deposit rules.
The Accountant's Dictionary
• accounting, finance
publicly traded stock
publicly traded stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
purchase allowance
purchase allowance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purchase commitments
purchase commitments is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purchase discount
purchase discount is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purchase order
purchase order is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purchase return
purchase return is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purchases
purchases is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purchases - net
purchases - net is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purchases discounts
purchases discounts is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purchases returns and allowances
purchases returns and allowances is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
purpose restriction
purpose restriction is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
PV
PV stands for present value, the current value of a future amount or cash flow discounted to today.
The Accountant's Dictionary
• accounting, finance
Q
qualitative characteristics
qualitative characteristics is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
quality of earnings
quality of earnings is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
quantity variance
quantity variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
quarterly earnings
quarterly earnings is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
quick assets
quick assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
quick ratio
quick ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
QuickBooks
QuickBooks is accounting software used by many businesses for bookkeeping, invoicing, payroll, and reporting.
The Accountant's Dictionary
• accounting, finance
R
Revenue Recognition
Revenue recognition is the accounting rule that determines when revenue should be recorded in the financial statements.
The Accountant's Dictionary
• revenue, contracts, financial reporting
R & D
R & D stands for research and development, the activities undertaken to create or improve products, services, or processes.
The Accountant's Dictionary
• accounting, finance
r squared
R squared is a statistical measure that shows how much of the variation in a dependent variable is explained by a model.
The Accountant's Dictionary
• accounting, finance
R. Smith, Capital at Beginning of Year
R. Smith, Capital at Beginning of Year is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
R. Smith, Current Year Net Income
R. Smith, Current Year Net Income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
R. Smith, Drawing
R. Smith, Drawing is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
ratio analysis
ratio analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
raw materials inventory
raw materials inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
real account
real account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
receipts
receipts is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
receiving report
receiving report is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
reciprocal method
reciprocal method is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
reciprocal services
reciprocal services is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
reconciliation of bank statement
reconciliation of bank statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance, cash-flow
record date
record date is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
redemption of bonds payable
redemption of bonds payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
regression analysis
regression analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
regression line
regression line is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
relative sales value method of allocating cost
relative sales value method of allocating cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
relevance
relevance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
relevant cost
relevant cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
relevant range
relevant range is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
reliability
reliability is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
reliable
reliable is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
rent expense
rent expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
rent revenue/income
rent revenue/income is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
reorder point
reorder point is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
repairs
repairs is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
repairs and maintenance expense
repairs and maintenance expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance, compliance
replacement cost
replacement cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
replenish
replenish is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
replenishing petty cash
replenishing petty cash is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
required rate of return
required rate of return is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
research and development costs
research and development costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
residual
residual is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
residual income (RI)
residual income (RI) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
residual value
residual value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
restricted accounts
restricted accounts is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
restricted cash
restricted cash is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
restricted retained earnings
restricted retained earnings is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
restricted support
restricted support is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
retail method of estimating inventory
retail method of estimating inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
retained earnings
Retained earnings are the cumulative profits of the business that have been kept in the company rather than distributed to owners.
The Accountant's Dictionary
• accounting, finance, equity
retained earnings statement
retained earnings statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
retirement of assets
retirement of assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
retirement of bonds
retirement of bonds is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
return on average common stockholders' equity
return on average common stockholders' equity is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
return on capital employed
return on capital employed is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
return on investment (ROI)
return on investment (ROI) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
return on stockholders' equity
return on stockholders' equity is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
returned check
returned check is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
revenue expenditure
revenue expenditure is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
revenue recognition principle
revenue recognition principle is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
revenues
revenues is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
revenues and gains
revenues and gains is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
revenues from service charges
revenues from service charges is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
reversing entry
reversing entry is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
revision of depreciation estimates
revision of depreciation estimates is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
RI
RI stands for residual income, a performance metric that measures profit above a required return on investment.
The Accountant's Dictionary
• accounting, finance
Robert Morgan, Capital
Robert Morgan, Capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
ROCE
ROCE stands for return on capital employed, a profitability ratio that evaluates earnings relative to capital used in the business.
The Accountant's Dictionary
• accounting, finance
ROI
ROI stands for return on investment, a ratio that measures gain or loss relative to the amount invested.
The Accountant's Dictionary
• accounting, finance
rolling budget
rolling budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
rolling horizon budget
rolling horizon budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
root cause
root cause is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
rubber check
rubber check is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
rule of 72
rule of 72 is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
S
safety stock
safety stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
salaried employee
salaried employee is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
salaries expense
salaries expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
salaries expense: delivery department
salaries expense: delivery department is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
salaries expense: selling & admin department
salaries expense: selling & admin department is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
salaries payable
salaries payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
salary
salary is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
salary and fringes
salary and fringes is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
sales
sales is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sales allowance
sales allowance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sales commissions expense
sales commissions expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
sales discounts
sales discounts is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sales forecast
sales forecast is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sales journal
sales journal is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance
sales mix
sales mix is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sales returns
sales returns is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sales returns and allowances
sales returns and allowances is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sales revenues
sales revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
salvage value of fixed assets
salvage value of fixed assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
scattergraph
scattergraph is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
SCF
SCF stands for statement of cash flows, the financial statement that reports operating, investing, and financing cash movement.
The Accountant's Dictionary
• accounting, finance
SEC
SEC stands for the Securities and Exchange Commission, the U.S. regulator for securities markets and public-company reporting.
The Accountant's Dictionary
• accounting, finance, compliance
secondary activities
secondary activities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
secured bond
secured bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance, compliance
secured creditor
secured creditor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
secured loan
secured loan is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance, compliance
Securities and Exchange Commission
Securities and Exchange Commission is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
segregation of duties
segregation of duties is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
self insurance
self insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
self-employed
self-employed is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
selling and administrative expense
selling and administrative expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
selling expenses
selling expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
selling, general and administrative expenses
selling, general and administrative expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
semimonthly
semimonthly is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
semivariable costs
semivariable costs is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
semivariable expenses
semivariable expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
separation of duties
separation of duties is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
serial bond
serial bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
service charge revenues
service charge revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
service department
service department is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
service mark
service mark is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
service revenues
service revenues is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
setup cost
setup cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
setup time
setup time is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
SFAS
SFAS stands for Statement of Financial Accounting Standards, the older formal designation for many FASB standards.
The Accountant's Dictionary
• accounting, finance
SG&A
SG&A stands for selling, general, and administrative expenses, the operating expenses not directly tied to production.
The Accountant's Dictionary
• accounting, finance
shareholder
shareholder is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
shareholders' equity
shareholders' equity is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
short-term asset
short-term asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
short-term liability
short-term liability is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
shrinkage
shrinkage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, inventory
simple journal entry
simple journal entry is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance
simple regression
simple regression is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
single payment
single payment is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
single-step income statement
single-step income statement is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
sinking fund
sinking fund is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
slope of cost line
slope of cost line is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
Social Security taxes
Social Security taxes is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
sold
sold is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sole practitioner
sole practitioner is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
sole proprietorship
sole proprietorship is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
source document
source document is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
special journals
special journals is a journal or bookkeeping term used to record accounting entries in chronological order.
The Accountant's Dictionary
• accounting, finance
spending variance
spending variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
split-off point
split-off point is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
spoilage
spoilage is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
spot price
spot price is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
stage 1 allocation
stage 1 allocation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
stage 2 allocation
stage 2 allocation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
stakeholder
stakeholder is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
standard cost
standard cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard cost per unit of input
standard cost per unit of input is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard cost per unit of product
standard cost per unit of product is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard cost system
standard cost system is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard cost variances
standard cost variances is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
standard costing
standard costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
state boards of accountancy
state boards of accountancy is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
state income tax withholdings payable
state income tax withholdings payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, compliance
state unemployment tax
state unemployment tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
statement of activities
statement of activities is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
statement of cash flows
The statement of cash flows is the formal report showing cash movement from operating, investing, and financing activities.
The Accountant's Dictionary
• accounting, finance, financial-statements
statement of comprehensive income
statement of comprehensive income is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
statement of financial accounting standards
statement of financial accounting standards is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
statement of financial position
statement of financial position is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
statement of functional expenses
statement of functional expenses is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
statement of income
statement of income is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
statement of operations
statement of operations is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
statement of retained earnings
statement of retained earnings is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
statement of stockholders' equity
statement of stockholders' equity is a formal financial statement or reporting document used to summarize financial position, performance, or cash movement.
The Accountant's Dictionary
• accounting, finance
static budget
static budget is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting
stock certificate
stock certificate is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance, payroll
stock dividend
stock dividend is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
stock option
stock option is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
stock split
stock split is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
stockholder
stockholder is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
stockholders' equity
stockholders' equity is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
stop payment order
stop payment order is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
stores
stores is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
straight-line method of amortization
straight-line method of amortization is an amortization-related term used to spread the cost, discount, premium, or carrying amount of an item over time.
The Accountant's Dictionary
• accounting, finance
straight-line method of depreciation
straight-line method of depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
Subchapter S corporation
A Subchapter S corporation is a qualifying U.S. corporation that elects pass-through tax treatment under IRS rules.
The Accountant's Dictionary
• accounting, finance
subsequent event
subsequent event is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
subsidiary accounts
subsidiary accounts is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
subsidiary ledger
subsidiary ledger is a ledger-related term used to organize, summarize, and report account activity or balances.
The Accountant's Dictionary
• accounting, finance
sum-of-the-years' digits (SYD) method of depreciation
sum-of-the-years' digits (SYD) method of depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
sunk cost
sunk cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
supplier
supplier is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
supplier invoice
supplier invoice is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.
The Accountant's Dictionary
• accounting, finance, cash-flow
supplies
supplies is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
supplies expense
supplies expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
supplies on hand
supplies on hand is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
supporting services expenses
supporting services expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
surrender value
surrender value is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
suspense account
suspense account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
SYD depreciation method
SYD depreciation method means the sum-of-the-years'-digits method, an accelerated depreciation technique.
The Accountant's Dictionary
• accounting, finance
systematic expensing
systematic expensing is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
T
Trial Balance
A trial balance is the internal report that lists ledger account balances at a point in time so finance teams can verify that total debits equal total credits before producing financial statements.
The Accountant's Dictionary
• accounting, finance, reporting
T-account
A T-account is a simple visual representation of an account showing debits on the left and credits on the right.
The Accountant's Dictionary
• accounting, finance
take-home pay
take-home pay is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
tangible constructed asset
tangible constructed asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
target interest rate
target interest rate is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
tax depreciation
tax depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance, compliance
tax-exempt
tax-exempt is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
taxes payable
taxes payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, compliance
telephone expense
telephone expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
temporarily restricted net assets
temporarily restricted net assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
temporary accounts
temporary accounts is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
temporary help expense
temporary help expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
temporary investments
temporary investments is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
temporary marketable securities
temporary marketable securities is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
temporary service expense
temporary service expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
term bonds
term bonds is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
term insurance
term insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
the supplier of goods and services
the supplier of goods and services is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
three-way match
three-way match is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
time deposits
time deposits is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
time period assumption
time period assumption is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
time restriction
time restriction is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
time value of money
time value of money is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
time-and-a-half
time-and-a-half is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
times interest earned
times interest earned is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance
timing differences
timing differences is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Tony Mandella, Capital
Tony Mandella, Capital is an equity or capital term used to describe ownership interest, retained resources, or the financing structure of a business.
The Accountant's Dictionary
• accounting, finance
trade accounts payable
trade accounts payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
trade accounts receivable
trade accounts receivable is an asset account that records an amount due to the business but not yet collected.
The Accountant's Dictionary
• accounting, finance, cash-flow
trade discount
trade discount is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
trade names
trade names is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
trade payables
trade payables is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, cash-flow
trade receivables
trade receivables is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, cash-flow
trade-in of similar asset
trade-in of similar asset is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
trademark
trademark is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
traditional costing
traditional costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
transaction approach to determining net income
transaction approach to determining net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
transfer price
transfer price is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
transferred-in cost
transferred-in cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
transportation-in
transportation-in is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
transportation-out
transportation-out is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
treasury bills
treasury bills is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
treasury stock
treasury stock is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
trend analysis
trend analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
triple net lease
triple net lease is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
turnover
turnover is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
turnover ratios
turnover ratios is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
U
U.S. treasury bills
U.S. Treasury bills are short-term government securities issued at a discount and maturing in one year or less.
The Accountant's Dictionary
• accounting, finance
U.S. treasury bonds
U.S. Treasury bonds are long-term government debt securities with fixed interest payments and maturities greater than ten years.
The Accountant's Dictionary
• accounting, finance
U.S. treasury notes
U.S. Treasury notes are medium-term government debt securities with fixed interest payments and maturities generally between two and ten years.
The Accountant's Dictionary
• accounting, finance
UBIT
UBIT stands for unrelated business income tax, a tax imposed on qualifying income earned by tax-exempt entities from unrelated business activities.
The Accountant's Dictionary
• accounting, finance
unadjusted trial balance
An unadjusted trial balance is the ledger balance report prepared before period-end adjusting entries have been recorded.
The Accountant's Dictionary
• accounting, finance, reporting
unamortized bond discount
unamortized bond discount is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
unamortized bond premium
unamortized bond premium is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
unappropriated retained earnings
unappropriated retained earnings is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
uncleared check
uncleared check is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
uncleared cheque
uncleared cheque is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
uncollected funds
uncollected funds is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
uncollectible accounts expense
uncollectible accounts expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
undeposited checks
undeposited checks is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
under absorbed
under absorbed is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
underapplied manufacturing overhead
underapplied manufacturing overhead is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
underlying principles/guidelines
underlying principles/guidelines is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
understates
understates is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
underwriter
underwriter is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
undiscounted future cash flows
undiscounted future cash flows is a cash-management or cash-reporting term used to measure cash balances, cash movement, or cash handling controls.
The Accountant's Dictionary
• accounting, finance, cash-flow
unearned premium revenue
unearned premium revenue is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
unearned revenue(s)
unearned revenue(s) is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
unemployment compensation tax
unemployment compensation tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
unemployment tax expense: warehouse
unemployment tax expense: warehouse is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
unemployment tax payable
unemployment tax payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, compliance
unfavorable variance
unfavorable variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
Uniform CPA Exam
The Uniform CPA Exam is the standardized professional exam used in the United States for CPA licensure.
The Accountant's Dictionary
• accounting, finance
United Way payable
United Way payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
units of activity method of depreciation
units of activity method of depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
units of production method of depreciation
units of production method of depreciation is a depreciation-related term used to allocate the cost of a long-lived asset over its useful life.
The Accountant's Dictionary
• accounting, finance
unpaid principal balance
unpaid principal balance is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
unpresented check
unpresented check is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
unqualified opinion
unqualified opinion is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
unrealized holding gain
unrealized holding gain is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
unrealized holding loss
unrealized holding loss is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
unrelated business income tax
unrelated business income tax is a tax-related term used in accounting, reporting, payroll, compliance, or statutory calculations.
The Accountant's Dictionary
• accounting, finance, compliance
unrestricted net assets
unrestricted net assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
unsecured bond
unsecured bond is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance, compliance
unsecured creditor
unsecured creditor is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, compliance
unsecured loan
unsecured loan is a financing term used to account for borrowing, lending, interest accrual, repayment, or debt structure.
The Accountant's Dictionary
• accounting, finance, compliance
US GAAP
US GAAP is the United States accounting standards framework used to prepare compliant external financial statements.
The Accountant's Dictionary
• accounting, finance, compliance
usage variance
usage variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
useful life
useful life is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
utilities expense
utilities expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
utilities payable
utilities payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
V
vacation pay
vacation pay is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
vacation pay expense
vacation pay expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
vacation pay payable
vacation pay payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
valuation account
valuation account is an accounting term related to the classification, recording, or reporting of financial transactions within an account structure.
The Accountant's Dictionary
• accounting, finance
value billing
value billing is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
variable cost
variable cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable cost rate
variable cost rate is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable cost ratio
variable cost ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable costing
variable costing is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable expenses
variable expenses is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
variable manufacturing overhead applied
variable manufacturing overhead applied is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
variable manufacturing overhead cost
variable manufacturing overhead cost is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable manufacturing overhead efficiency variance
variable manufacturing overhead efficiency variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable manufacturing overhead incurred
variable manufacturing overhead incurred is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
variable manufacturing overhead spending variance
variable manufacturing overhead spending variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable overhead efficiency variance
variable overhead efficiency variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
variable overhead spending variance
variable overhead spending variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
variance
variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
variance analysis
variance analysis is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
variance reports
variance reports is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
vehicles
vehicles is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
vendor
A vendor is a supplier that provides goods or services to the business and issues invoices for payment.
The Accountant's Dictionary
• accounting, finance, cash-flow
vendor invoice
vendor invoice is a billing or payables document term used to record, approve, or settle an amount due in a business transaction.
The Accountant's Dictionary
• accounting, finance, cash-flow
vendors
Vendors are suppliers that provide goods or services to the business and are managed through procurement and accounts payable processes.
The Accountant's Dictionary
• accounting, finance, cash-flow
vertical analysis
vertical analysis is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
volume
volume is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
volume variance
volume variance is a variance-analysis term used to compare actual results with standards, budgets, or expected performance.
The Accountant's Dictionary
• accounting, finance, management-accounting
volume-based allocation
volume-based allocation is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
W
Working Capital
Working capital is the difference between current assets and current liabilities and measures the short-term liquidity available to run the business.
The Accountant's Dictionary
• accounting, finance, liquidity
wages
wages is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
wages expense
wages expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance, payroll
wages expense: delivery department
wages expense: delivery department is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
wages expense: warehouse department
wages expense: warehouse department is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance, payroll
wages payable
wages payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, payroll
warranties
warranties is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
warranty expense
warranty expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
warranty liability
warranty liability is a liability-related term used to describe an obligation the business owes to another party.
The Accountant's Dictionary
• accounting, finance
warranty payable
warranty payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
weighted-average accumulated expenditures on self-constructed assets
weighted-average accumulated expenditures on self-constructed assets is an asset-related term used to describe a resource controlled by the business that is expected to provide future economic benefit.
The Accountant's Dictionary
• accounting, finance
weighted-average cost flow assumption
weighted-average cost flow assumption is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
weighted-average cost of capital
weighted-average cost of capital is a cost accounting term used to measure, assign, analyze, or control the cost of operations, inventory, or production.
The Accountant's Dictionary
• accounting, finance, management-accounting
weighted-average number of shares of stock outstanding
weighted-average number of shares of stock outstanding is an equity or share-capital term used in corporate ownership, stockholder reporting, or capital structure accounting.
The Accountant's Dictionary
• accounting, finance
white-collar worker
white-collar worker is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
whole life insurance
whole life insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
window dressing
window dressing is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
WIP
WIP stands for work-in-process inventory, the partially completed goods in production.
The Accountant's Dictionary
• accounting, finance, inventory
withdrawals by owner
withdrawals by owner is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
withholdings
withholdings is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
work-in-process inventory
work-in-process inventory is an inventory classification or inventory account used to measure goods, materials, or stock held for use, production, or sale.
The Accountant's Dictionary
• accounting, finance, inventory
work-in-progress
work-in-progress is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
worker compensation insurance
worker compensation insurance is an insurance-related accounting term used to record premiums, liabilities, expense recognition, or benefit protection.
The Accountant's Dictionary
• accounting, finance
worker compensation insurance expense
worker compensation insurance expense is an expense account used to record the cost of a specific activity, resource, service, or obligation during an accounting period.
The Accountant's Dictionary
• accounting, finance
worker compensation insurance payable
worker compensation insurance payable is a liability account that records an amount owed by the business that remains unpaid at the reporting date.
The Accountant's Dictionary
• accounting, finance, cash-flow
working capital ratio
working capital ratio is a financial ratio used to measure or evaluate a specific aspect of liquidity, profitability, efficiency, leverage, or performance.
The Accountant's Dictionary
• accounting, finance
write-down
write-down is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
write-off
write-off is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
write-up
write-up is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
write-up work
write-up work is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Y
year-to-date net income
year-to-date net income is a revenue or income concept used to describe earnings recognized from business activity, financing, or other sources.
The Accountant's Dictionary
• accounting, finance
yield
yield is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
yield to maturity
yield to maturity is an accounting, finance, or reporting term used to classify, measure, record, analyze, or communicate business transactions and financial results.
The Accountant's Dictionary
• accounting, finance
Z
zero coupon bonds
zero coupon bonds is a bond or debt-financing term used in accounting for borrowing, interest, premiums, discounts, issuance, or repayment.
The Accountant's Dictionary
• accounting, finance
zero-based budgeting
zero-based budgeting is a budgeting term used to plan, compare, or control expected revenue, cost, capacity, or spending.
The Accountant's Dictionary
• accounting, finance, management-accounting