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Accounting Glossary

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