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Accounting Glossary

Terms: 2162 · Filtered: 134 · 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
FASB Accounting term: FASB.
Fair Value Hierarchy (N/A (refers to Levels 1, 2, 3)) A three-level framework that categorizes inputs used to measure fair value, prioritizing observable market data over unobservable inputs.
Fair value Accounting term: Fair value.
Fair value (FV) The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
Fair value hedge Accounting term: Fair value hedge.
Fair value less costs of disposal Accounting term: Fair value less costs of disposal.
Faithful representation Accounting term: Faithful representation.
Fiduciary Duty (N/A) A legal and ethical obligation to act solely in the best interest of another party, particularly regarding financial matters.
Financial Amortization allocation Accounting term: Financial Amortization allocation.
Financial Bond deferral Accounting term: Financial Bond deferral.
Financial Cash procedure Financial ratio/metric: Financial Cash procedure.
Financial Deferred Tax memo Accounting term: Financial Deferred Tax memo.
Financial Deferred Tax model Accounting term: Financial Deferred Tax model.
Financial Depreciation rollforward Internal control concept: Financial Depreciation rollforward.
Financial Expense control Internal control concept: Financial Expense control.
Financial Foreign Exchange classification Accounting term: Financial Foreign Exchange classification.
Financial Going Concern approval Financial ratio/metric: Financial Going Concern approval.
Financial Grant allocation Internal control concept: Financial Grant allocation.
Financial Grant deferral Accounting term: Financial Grant deferral.
Financial Grant tie-out Accounting term: Financial Grant tie-out.
Financial Inventory calculation Accounting term: Financial Inventory calculation.
Financial Leverage (N/A (often referred to simply as 'leverage')) The use of borrowed money (debt) to finance assets, aiming to amplify the return on equity for shareholders, but also increasing financial risk.
Financial Materiality documentation Accounting term: Financial Materiality documentation.
Financial Materiality framework Accounting term: Financial Materiality framework.
Financial Materiality sign-off Accounting term: Financial Materiality sign-off.
Financial Overhead workstream Accounting term: Financial Overhead workstream.
Financial Payable framework Internal control concept: Financial Payable framework.
Financial Payable testing Accounting term: Financial Payable testing.
Financial Pension calculation Financial ratio/metric: Financial Pension calculation.
Financial Pension procedure Accounting term: Financial Pension procedure.
Financial Pension sign-off Accounting term: Financial Pension sign-off.
Financial Provision schedule Accounting term: Financial Provision schedule.
Financial Reporting analyst Accounting/finance role: Financial Reporting analyst.
Financial Reporting associate Accounting/finance role: Financial Reporting associate.
Financial Reporting coordinator Accounting/finance role: Financial Reporting coordinator.
Financial Reporting lead Accounting/finance role: Financial Reporting lead.
Financial Reporting manager Accounting/finance role: Financial Reporting manager.
Financial Reporting specialist Accounting/finance role: Financial Reporting specialist.
Financial Restructuring rollforward Internal control concept: Financial Restructuring rollforward.
Financial Segment reconciliation Accounting term: Financial Segment reconciliation.
Financial Segment sign-off Accounting term: Financial Segment sign-off.
Financial Segment workstream Internal control concept: Financial Segment workstream.
Financial Subsequent Events policy Accounting term: Financial Subsequent Events policy.
Financial Subsequent Events tie-out Internal control concept: Financial Subsequent Events tie-out.
Financial Tax deferral Accounting term: Financial Tax deferral.
Financial analyst Accounting/finance role: Financial analyst.
Fixed Asset accrual Accounting term: Fixed Asset accrual.
Fixed Asset adjustment Accounting term: Fixed Asset adjustment.
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Commonly Confused / Near-Variant Terms
Computed from current result set
Fair value VS Fair value
Categories: General / General
Forensic Accounting VS Forensic Accounting
Categories: General / General
Forensic Accounting VS Forensic Accounting
Categories: General / General
Forensic Accounting VS Forensic Accounting
Categories: General / General
Forensic Accounting VS Forensic Accounting
Categories: General / General
Forensic Accounting VS Forensic Accounting
Categories: General / General
Forensic Accounting VS Forensic Accounting
Categories: General / General
Forensic Accounting VS Forensic accountant
Categories: General / General
Forensic Accounting VS Forensic accountant
Categories: General / General
Forensic Accounting VS Forensic accountant
Categories: General / General
Forensic Accounting VS Forensic accountant
Categories: General / General