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 | Definition |
|---|---|
| Qualified opinion | Accounting term: Qualified opinion. |
| Quarter-end fire drill | Practitioner slang or shorthand used in accounting: Quarter-end fire drill. |
| Quarterly report | Accounting term: Quarterly report. |
| Quick ratio | Financial ratio/metric: Quick ratio. |