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The Accountant's Dictionary

Name: Eprecus ERP
Brand: Eprecus ERP

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 928

Indexed terms 1,922

Dictionary types 2

The HR Dictionary (485) The Accountant's Dictionary (1437)

Showing 928 result(s) for "reporting".

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The HR Dictionary

1099 Form

A 1099 form is a U.S. tax document used to report payments made to independent contractors and other non-employee payees.

The HR Dictionary

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.

The HR Dictionary

Absenteeism Rate

Absenteeism rate measures the percentage of scheduled work time employees miss over a defined period.

The HR Dictionary

147C

A 147C letter is an IRS-issued document used to verify or reissue a business's Employer Identification Number for payroll and tax administration.

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Letters available 24

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A

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

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 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 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 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 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

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 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

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

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 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

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

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

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

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

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 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

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

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 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

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

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 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

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 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 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

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

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

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 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 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

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 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 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

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

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

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 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

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 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

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 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 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

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

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

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

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 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 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

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

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 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 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

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

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

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

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

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 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

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

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 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

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

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

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

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

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 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 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 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

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 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

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-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

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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

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

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 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

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 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 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

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

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 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

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

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 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 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

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

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

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

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

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

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

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 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 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

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 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 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

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

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

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 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 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 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 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

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

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 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

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

kiting

kiting is an 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 "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

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

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

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

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 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

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

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-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

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 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

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 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

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

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 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 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

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

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

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

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

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

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 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 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

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

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

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 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 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

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

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

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

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

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 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 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

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

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

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

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

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

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

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

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 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

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

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 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 - 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 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

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 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

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

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

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

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 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

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 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-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

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 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 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

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

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 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

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

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

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

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

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

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

QuickBooks

QuickBooks is accounting software used by many businesses for bookkeeping, invoicing, payroll, and reporting.

The Accountant's Dictionary • accounting, finance

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. 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

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

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 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

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 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

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

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

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

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 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

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

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: 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 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 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

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

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 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

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-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 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 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

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

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

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

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 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

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

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

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

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

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

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

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 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

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

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

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

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

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 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

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

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

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 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

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

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

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

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

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

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 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

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

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

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

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

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 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

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 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 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 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

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

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-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

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: 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 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 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

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

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-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 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

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

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

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