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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
AICPA Accounting term: AICPA.
ASC (Accounting Standards Codification) Accounting standard or authoritative guidance: ASC (Accounting Standards Codification).
ASC 326 Accounting standard or authoritative guidance: ASC 326.
ASC 606 Accounting standard or authoritative guidance: ASC 606.
ASC 740 Accounting standard or authoritative guidance: ASC 740.
ASC 805 Accounting standard or authoritative guidance: ASC 805.
ASC 842 Accounting standard or authoritative guidance: ASC 842.
ASPE Accounting standard or authoritative guidance: ASPE.
Absorption costing Accounting term: Absorption costing.
Absorption costing (N/A) A costing method that treats all manufacturing costs, both variable and fixed, as product costs that 'attach' to inventory.
Access control Internal control concept: Access control.
Accounting Accounting term: Accounting.
Accounting analyst Accounting/finance role: Accounting analyst.
Accounting associate Accounting/finance role: Accounting associate.
Accounting coordinator Accounting/finance role: Accounting coordinator.
Accounting estimate Accounting term: Accounting estimate.
Accounting information system (AIS) Accounting system or module concept: Accounting information system (AIS).
Accounting lead Accounting/finance role: Accounting lead.
Accounting manager Accounting/finance role: Accounting manager.
Accounting policies note Accounting term: Accounting policies note.
Accounting policy Accounting term: Accounting policy.
Accounting specialist Accounting/finance role: Accounting specialist.
Accounts payable Accounting term: Accounts payable.
Accounts payable clerk Accounting/finance role: Accounts payable clerk.
Accounts receivable Accounting term: Accounts receivable.
Accounts receivable clerk Accounting/finance role: Accounts receivable clerk.
Accrual Accounting term: Accrual.
Accrual (N/A) Recognition of revenue or expense when earned or incurred, regardless of when cash is exchanged.
Accrual Accounting An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is exchanged.
Accrual Basis Accounting (N/A) An accounting method where revenues and expenses are recognized when earned or incurred, regardless of when cash is exchanged.
Accrual Basis Accounting (N/A) An accounting method that recognizes revenues when earned and expenses when incurred, regardless of when cash is received or paid.
Accrual Basis Accounting (N/A (often shortened to 'accrual accounting')) An accounting method that records revenues when earned and expenses when incurred, regardless of when cash is exchanged.
Accrual Basis Accounting (ABA (less common, usually just 'accrual basis')) An accounting method that records revenues when earned and expenses when incurred, regardless of when cash is exchanged.
Accrual Basis Accounting (ABA) An accounting method where revenues and expenses are recognized when earned or incurred, regardless of when cash is exchanged.
Accrual Basis Accounting (ABA (less common than 'Accrual basis')) An accounting method that recognizes revenues when earned and expenses when incurred, regardless of when cash is exchanged.
Accrual Basis Accounting (N/A) Recognizes revenues when earned and expenses when incurred, regardless of cash flow.
Accrual Basis Accounting (N/A) Recognizes revenues when earned and expenses when incurred, regardless of when cash is exchanged.
Accrual Basis Accounting (N/A) An accounting method where revenues are recognized when earned and expenses when incurred, regardless of when cash is received or paid.
Accrual Basis Accounting (N/A) An accounting method where revenues are recorded when earned and expenses are recorded when incurred, regardless of when cash is exchanged.
Accrual Basis Accounting Revenue and expenses are recognized when earned or incurred, regardless of when cash is exchanged.
Accrual basis Accounting term: Accrual basis.
Accrued Expenses (N/A) Expenses that have been incurred but not yet paid or recorded at the end of an accounting period.
Accrued expense Accounting term: Accrued expense.
Accrued expense (N/A) An expense that has been incurred but not yet paid or formally recorded.
Accrued revenue Accounting term: Accrued revenue.
Accumulated OCI Accounting term: Accumulated OCI.
Accumulated Other Comprehensive Income (AOCI) A separate component of equity on the balance sheet that accumulates items of Other Comprehensive Income (OCI) over time.
Activity-Based Costing (ABC) A costing methodology that assigns overhead and indirect costs to products and services based on the actual activities that drive those costs.
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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
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
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
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