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Accounting Glossary

Terms: 2162 · Filtered: 89 · View: grid

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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Labor efficiency variance
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Accounting term: Labor efficiency variance.
Related
Last-In, First-Out Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment
Last-In, First-Out
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Acronym: LIFO
An inventory accounting method where the latest goods purchased are assumed to be the first ones sold.
Related
Labor efficiency variance Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment
Lease Capitalization (ASC 842/IFRS 16)
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Acronym: N/A (standards are key)
The accounting treatment under new standards (ASC 842/IFRS 16) where most leases are recognized on the balance sheet as a 'Right-of-Use' (ROU) asset and a corresponding lease liability.
Related
Lease accounting Lease accrual Lease adjustment Lease allocation Lease analysis
Lease accounting
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Accounting term: Lease accounting.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accrual Lease adjustment Lease allocation Lease analysis
Lease accrual
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Accounting term: Lease accrual.
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Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease adjustment Lease allocation Lease analysis
Lease adjustment
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Accounting term: Lease adjustment.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease allocation Lease analysis
Lease allocation
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Accounting term: Lease allocation.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease analysis
Lease analysis
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Accounting term: Lease analysis.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease approval
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Accounting term: Lease approval.
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Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease assessment
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Accounting term: Lease assessment.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease assumption
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Accounting term: Lease assumption.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease calculation
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Accounting term: Lease calculation.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease classification
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Accounting term: Lease classification.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease concept
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Accounting term: Lease concept.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease control
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Accounting term: Lease control.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease deferral
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Accounting term: Lease deferral.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease disclosure
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Accounting term: Lease disclosure.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease estimate
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Accounting term: Lease estimate.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease exception
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Accounting term: Lease exception.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease framework
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Accounting term: Lease framework.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease guidance
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Accounting term: Lease guidance.
Related
Leases guidance Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment
Lease liability
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Accounting term: Lease liability.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease measurement
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Accounting term: Lease measurement.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease memo
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Accounting term: Lease memo.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease model
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Accounting term: Lease model.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease policy
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Accounting term: Lease policy.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease principle
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Accounting standard or authoritative guidance: Lease principle.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease procedure
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Accounting term: Lease procedure.
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Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease recognition
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Accounting standard or authoritative guidance: Lease recognition.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease reconciliation
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Accounting term: Lease reconciliation.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease review
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Accounting term: Lease review.
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Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease rollforward
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Accounting term: Lease rollforward.
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Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease schedule
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Accounting term: Lease schedule.
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Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease testing
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Accounting term: Lease testing.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease treatment
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Accounting term: Lease treatment.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease valuation
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Accounting term: Lease valuation.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease variance
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Accounting term: Lease variance.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease workpaper
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Accounting term: Lease workpaper.
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Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Lease worksheet
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Accounting term: Lease worksheet.
Related
Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment Lease allocation
Leases guidance
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Financial ratio/metric: Leases guidance.
Related
Lease guidance Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual Lease adjustment
Leverage
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Acronym: N/A
The use of borrowed capital to finance assets, aiming to magnify the returns on equity.
Related
Labor efficiency variance Last-In, First-Out Lease Capitalization (ASC 842/IFRS 16) Lease accounting Lease accrual
Liability caption
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Accounting term: Liability caption.
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Liability classification Liability disclosure Liability line item Liability presentation Labor efficiency variance
Liability classification
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Accounting term: Liability classification.
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Liability caption Liability disclosure Liability line item Liability presentation Labor efficiency variance
Liability disclosure
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Accounting term: Liability disclosure.
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Liability caption Liability classification Liability line item Liability presentation Labor efficiency variance
Liability line item
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Accounting term: Liability line item.
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Liability caption Liability classification Liability disclosure Liability presentation Labor efficiency variance
Liability presentation
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Accounting term: Liability presentation.
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Liability caption Liability classification Liability disclosure Liability line item Labor efficiency variance
Liquidity assumption
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Accounting term: Liquidity assumption.
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Liquidity constraint Liquidity premium Liquidity scenario Liquidity shock Labor efficiency variance
Liquidity constraint
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Accounting term: Liquidity constraint.
Related
Liquidity assumption Liquidity premium Liquidity scenario Liquidity shock Labor efficiency variance
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Commonly Confused / Near-Variant Terms
Computed from current result set
Lease guidance VS Leases guidance
Categories: General / General