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Accounting Glossary

Terms: 2162 · Filtered: 2162 · 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.
Category: General · Register:
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· Difficulty: intermediate
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Double-Entry Bookkeeping
General ·
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· advanced
D
Acronym: N/A
An accounting system where every financial transaction has an equal and opposite effect in at least two different accounts.
Related
Absorption costing Accrual Accrual Basis Accounting Accrual Basis Accounting Accrual Basis Accounting
Double-Entry Bookkeeping
General ·
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· advanced
D
An accounting system where every financial transaction has at least two equal and opposite effects in different accounts, maintaining the accounting equation (Assets = Liabilities + Equity).
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
Double-Entry Bookkeeping
General ·
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· advanced
D
Acronym: N/A
A system where every financial transaction is recorded in at least two accounts, with one debit and one credit, ensuring the accounting equation (Assets = Liabilities + Equity) remains balanced.
Related
Absorption costing Accrual Accrual Basis Accounting Accrual Basis Accounting Accrual Basis Accounting
Double-Entry Bookkeeping
General ·
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· advanced
D
Acronym: N/A
A system where every financial transaction is recorded in at least two accounts, with equal debits and credits.
Related
Absorption costing Accrual Accrual Basis Accounting Accrual Basis Accounting Accrual Basis Accounting
Double-Entry Bookkeeping
General ·
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· advanced
D
An accounting system where every financial transaction is recorded in at least two accounts, with one debit and one credit, ensuring the accounting equation remains balanced.
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
Double-Entry Bookkeeping
General ·
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· advanced
D
Acronym: N/A
An accounting system where every financial transaction has an equal and opposite effect in at least two different accounts.
Related
Absorption costing Accrual Accrual Basis Accounting Accrual Basis Accounting Accrual Basis Accounting
Double-Entry Bookkeeping
General ·
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· advanced
D
Acronym: N/A
An accounting system where every financial transaction is recorded in at least two accounts, with debits equaling credits, ensuring the accounting equation remains balanced.
Related
Absorption costing Accrual Accrual Basis Accounting Accrual Basis Accounting Accrual Basis Accounting
Double-Entry Bookkeeping
General ·
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· advanced
D
Acronym: N/A
An accounting system where every financial transaction is recorded in at least two accounts, with a debit in one account and an equal credit in another.
Related
Absorption costing Accrual Accrual Basis Accounting Accrual Basis Accounting Accrual Basis Accounting
Double-Entry Bookkeeping
General ·
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· advanced
D
An accounting system where every financial transaction has an equal and opposite effect in at least two different accounts.
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
Duplicate payment
General ·
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D
Accounting term: Duplicate payment.
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
E-invoicing
General ·
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· intermediate
E
Accounting system or module concept: E-invoicing.
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
EBIT
General ·
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· basic
E
Financial ratio/metric: EBIT.
Related
EBITDA EBITDA EBITDA AICPA ASC (Accounting Standards Codification)
EBITDA
General ·
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· basic
E
Financial ratio/metric: EBITDA.
Related
EBIT AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606
EBITDA
General ·
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· intermediate
E
Acronym: EBITDA
A measure of a company's operating performance calculated as Earnings Before Interest, Taxes, Depreciation, and Amortization.
Related
Earnings Before Interest, Taxes, Depreciation, and Amortization EBIT AICPA ASC (Accounting Standards Codification) ASC 326
EBITDA
General ·
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· intermediate
E
Acronym: Earnings Before Interest, Taxes, Depreciation, and Amortization
A measure of a company's operating performance, calculated by taking net income and adding back interest expense, income tax expense, depreciation, and amortization.
Related
EBIT AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606
ERP (enterprise resource planning)
General ·
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· advanced
E
Accounting system or module concept: ERP (enterprise resource planning).
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
Earnings Before Interest, Taxes, Depreciation, and Amortization
General ·
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· advanced
E
Acronym: EBITDA
A non-GAAP measure of a company's financial performance, reflecting its operating profitability before the impact of financing, tax, and non-cash expenses like depreciation and amortization.
Related
EBITDA Earnings Management Earnings Per Share Earnings per share (EPS) AICPA
Earnings Management
General ·
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· advanced
E
Acronym: N/A
The use of accounting techniques to produce financial results that are desired by management, rather than reflecting the underlying economic reality.
Related
Absorption costing Accrual Accrual Basis Accounting Accrual Basis Accounting Accrual Basis Accounting
Earnings Per Share
General ·
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· advanced
E
Acronym: EPS
A company's net profit divided by the number of its outstanding common shares.
Related
Earnings Before Interest, Taxes, Depreciation, and Amortization Earnings Management Earnings per share (EPS) AICPA ASC (Accounting Standards Codification)
Earnings per share (EPS)
General ·
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· advanced
E
Financial ratio/metric: Earnings per share (EPS).
Related
Earnings Before Interest, Taxes, Depreciation, and Amortization Earnings Management Earnings Per Share AICPA ASC (Accounting Standards Codification)
Economic Entity Assumption
General ·
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· advanced
E
Acronym: N/A
The principle that the economic activities of a business are separate and distinct from those of its owners and other economic entities.
Related
Absorption costing Accrual Accrual Basis Accounting Accrual Basis Accounting Accrual Basis Accounting
Economic depreciation
General ·
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· advanced
E
Accounting term: Economic depreciation.
Related
Economic Entity Assumption AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606
Effective interest method
General ·
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· advanced
E
Accounting term: Effective interest method.
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
Elimination entry
General ·
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· advanced
E
Accounting term: Elimination entry.
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
Embezzlement
General ·
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· intermediate
E
Accounting term: Embezzlement.
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
Emphasis of matter paragraph
General ·
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E
Accounting term: Emphasis of matter paragraph.
Related
AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606 ASC 740
Enterprise Resource Planning
General ·
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· advanced
E
Acronym: ERP
Integrated software systems that manage and connect all aspects of an enterprise's operations, including accounting, human resources, and supply chain.
Related
Enterprise value AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606
Enterprise value
General ·
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· advanced
E
Accounting term: Enterprise value.
Related
Enterprise Resource Planning AICPA ASC (Accounting Standards Codification) ASC 326 ASC 606
Entity-level Allowance adjustment
General ·
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E
Accounting term: Entity-level Allowance adjustment.
Related
Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing Entity-level Cash Equivalents presentation
Entity-level Budget indexing
General ·
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· advanced
E
Accounting term: Entity-level Budget indexing.
Related
Entity-level Allowance adjustment Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing Entity-level Cash Equivalents presentation
Entity-level Budget rollforward
General ·
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· advanced
E
Accounting term: Entity-level Budget rollforward.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget tickmark Entity-level Business Combination indexing Entity-level Cash Equivalents presentation
Entity-level Budget tickmark
General ·
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· advanced
E
Financial ratio/metric: Entity-level Budget tickmark.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Business Combination indexing Entity-level Cash Equivalents presentation
Entity-level Business Combination indexing
General ·
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E
Internal control concept: Entity-level Business Combination indexing.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Cash Equivalents presentation
Entity-level Cash Equivalents presentation
General ·
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· advanced
E
Accounting term: Entity-level Cash Equivalents presentation.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Close adjustment
General ·
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E
Accounting term: Entity-level Close adjustment.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Consolidation deferral
General ·
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· advanced
E
Internal control concept: Entity-level Consolidation deferral.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Consolidation framework
General ·
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· advanced
E
Internal control concept: Entity-level Consolidation framework.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Consolidation roll-up
General ·
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· advanced
E
Financial ratio/metric: Entity-level Consolidation roll-up.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Disbursements binder
General ·
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· advanced
E
Accounting term: Entity-level Disbursements binder.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Equity allocation
General ·
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· advanced
E
Financial ratio/metric: Entity-level Equity allocation.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Equity package
General ·
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· advanced
E
Internal control concept: Entity-level Equity package.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Equity reconciliation
General ·
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· advanced
E
Accounting term: Entity-level Equity reconciliation.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Expense guidance
General ·
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· advanced
E
Financial ratio/metric: Entity-level Expense guidance.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Fixed Asset disclosure
General ·
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· advanced
E
Financial ratio/metric: Entity-level Fixed Asset disclosure.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Fixed Asset policy
General ·
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· advanced
E
Financial ratio/metric: Entity-level Fixed Asset policy.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Foreign Exchange cutoff
General ·
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· advanced
E
Accounting term: Entity-level Foreign Exchange cutoff.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Hedge allocation
General ·
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· advanced
E
Financial ratio/metric: Entity-level Hedge allocation.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
Entity-level Impairment testing
General ·
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E
Accounting term: Entity-level Impairment testing.
Related
Entity-level Allowance adjustment Entity-level Budget indexing Entity-level Budget rollforward Entity-level Budget tickmark Entity-level Business Combination indexing
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Commonly Confused / Near-Variant Terms
Computed from current result set
Absorption costing VS Absorption costing
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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Accrual Basis Accounting VS Accrual Basis Accounting
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