Glossary

Terms used in the financial services and compliance sector.

A

Authorized Capital
Accounts Payable
Asset
Auditors
Assets
Acquisition Cost
Ask Price
Accounts Receivable
Accounts Receivable
Agent
Assignment
Associates
Accrual Accounting
Audit
Accounting Standards
Amortization
Accounting Equation
Accounting
Adjustments
Assets

B

Board of Directors
Balance Sheet
Book Value
Board member/Director
Bid Price
Bad Debts
Balance sheet

C

Contra Accounts
Common Shares
Capital expenditures
Currency
Cash & Cash Equivalents
Capital
Credit Note
Cash Accounting
Consolidations
Closing Entries
Cost of Goods Sold
Cost disaggregation
Closing the Books
Cash receipts journal
Current liabilities
Current assets

D

Deflation
Distribution Costs
Doubtful accounts
Deferral Method
Deprecation
Deferred Revenue
Direct Cost
Disinflation
Deficit

F

Fiscal Year
FOB Shipping
Freight in
Financial Statement
Fixed assets

I

Inventory
Insolvent
Indirect Cost
Income Statement or Statement of Financial Results
Incoterms
Income statement

L

Liquidity
Latest Price
Line of Credit
Liability
Luca Pacioli
Loss
Liabilities

P

Procurement
Perpetual Inventory
Principal
Purchase Journal
Publicly traded stock/shares
Purchase
Periodic Inventory
Price
Prepaid Expenses
Profit and loss statement

R

Research & Development Expenses
Return
Revenues
Rent
Rebate or Discount
Retained Earnings
Residual Value
Rent