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Accounting Glossary

Terms: 2162 · Filtered: 203 · View: list

This glossary defines accounting terminology used in bookkeeping, financial reporting, audit, tax, and internal control documentation.

Coverage includes core accounting concepts, chart-of-accounts language, financial statement items, audit and assurance terms, tax and payroll vocabulary, closing processes, controls, and common reporting metrics.

For accountants, auditors, bookkeepers, controllers, finance staff, students, and readers interpreting accounting reports and workpapers.

Term of the Day
Bond analysis
Accounting term: Bond analysis.
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Term Definition
Close module Accounting system or module concept: Close module.
Close process Accounting system or module concept: Close process.
Close rule Accounting system or module concept: Close rule.
Close template Accounting system or module concept: Close template.
Closing entry Accounting term: Closing entry.
Common share Accounting term: Common share.
Comparability Accounting term: Comparability.
Comparative financial statements Accounting term: Comparative financial statements.
Completed contract method Accounting term: Completed contract method.
Compliance testing Accounting term: Compliance testing.
Component Depreciation (N/A) Depreciating major components of an asset separately over their individual useful lives.
Conceptual Framework (IFRS) Accounting standard or authoritative guidance: Conceptual Framework (IFRS).
Conservatism Principle (N/A) A principle that states when in doubt, accountants should choose the accounting method that results in lower assets and revenues and higher liabilities and expenses.
Consistency Accounting term: Consistency.
Consolidated financial statements Accounting term: Consolidated financial statements.
Consolidated financial statements (CFS) Financial statements of a parent and its subsidiaries presented as those of a single economic entity.
Consolidated financial statements (CFS) Financial statements that present the financial position and results of operations for a parent company and its subsidiaries as if they were a single economic entity.
Consolidated financial statements (CFS) Financial statements that present the financial position, performance, and cash flows of a parent company and its subsidiaries as a single economic entity.
Consolidated financial statements (CFS) Financial statements that present the financial position and results of operations for a parent company and its subsidiaries as if they were a single economic entity.
Consolidation Accounting term: Consolidation.
Consolidation (N/A) The process of combining the financial statements of a parent company and its subsidiaries into a single set of financial statements.
Consolidation accrual Accounting term: Consolidation accrual.
Consolidation adjustment Accounting term: Consolidation adjustment.
Consolidation allocation Accounting term: Consolidation allocation.
Consolidation analysis Accounting term: Consolidation analysis.
Consolidation approval Accounting term: Consolidation approval.
Consolidation assessment Accounting term: Consolidation assessment.
Consolidation assumption Accounting term: Consolidation assumption.
Consolidation calculation Accounting term: Consolidation calculation.
Consolidation concept Accounting standard or authoritative guidance: Consolidation concept.
Consolidation control Accounting term: Consolidation control.
Consolidation deferral Accounting term: Consolidation deferral.
Consolidation disclosure Accounting term: Consolidation disclosure.
Consolidation estimate Accounting term: Consolidation estimate.
Consolidation exception Accounting term: Consolidation exception.
Consolidation framework Accounting term: Consolidation framework.
Consolidation guidance Accounting term: Consolidation guidance.
Consolidation measurement Accounting term: Consolidation measurement.
Consolidation memo Accounting term: Consolidation memo.
Consolidation model Accounting term: Consolidation model.
Consolidation policy Accounting term: Consolidation policy.
Consolidation principle Accounting term: Consolidation principle.
Consolidation procedure Accounting term: Consolidation procedure.
Consolidation recognition Accounting term: Consolidation recognition.
Consolidation reconciliation Accounting term: Consolidation reconciliation.
Consolidation review Accounting term: Consolidation review.
Consolidation rollforward Accounting term: Consolidation rollforward.
Consolidation schedule Accounting term: Consolidation schedule.
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Commonly Confused / Near-Variant Terms
Computed from current result set
Capital Expenditure VS Capital Expenditure
Categories: General / General
Consolidation VS Consolidation
Categories: General / General
Capitalization (of Costs) VS Capitalization of Costs
Categories: General / General