Accumulated Benefit Obligation
Account
Accounting Policies
Account Sales
Accounts Payable
Accounts Receivable
Accrual Basis Method of Warranty Costs
Avoidable Interest
Accrued Expenses
Accumulated Rights
Acid-Test
ACRS
Activity Method of Depreciation
Activity Ratios
Actual Return on Plan Assets
Actuaries
Additional Paid-In-Capital
Adjusted Trial Balance
Adjusting Entries
Adverse Opinion
Aging Schedule
All-Inclusive Income Concept
Allowance Method For Bad Debt
Amortization
Amortization of Unrecognized Prior Service Cost
Amortized Cost
Annuity
Annuity Due
Anti-Dilutive Security
Accumulated Post-Retirement Benefit Obligation
Appropriated Retained Earnings
Artistic Related Intangible Assets
Asset
Asset-Liability Method
Asset Turnover Ratio
Assignment of Receivables
Alternative Minimum Tax
Attribution Period
Auditor
Auditor's Report
Available-For-Sale Securities
Average-Cost-Method
Average Tax Rate

Balance Sheet
Book Value Per Share
Bank Charges
Bank Credits
Bank Overdrafts
Bank Reconciliation
Bargain Purchase
Bargain Purchase Option
Bargain Renewal Option
Bearer Bonds
Bifurcation
Bonus
Book Value Approach

Callable Bonds
Customer-Related Intangible Assets
Callable Preferred Stock
Call Option
Capital Additions
Capital Expenditure
Capitalization Approach
Capitalization Period
Capital Lease
Capital Stock
Carrybacks
Carryforwards
Cash
Cash Debt Coverage Ratio
Cash Discounts
Cash Dividend
Cash Dividends Payable
Cash Equivalents
Cash Flow Hedge
Cash Flow Statement
Cash Rebate
Cash Basis Method of Warranty Costs
Change in Accounting Estimate
Change in Accounting Principle
Change In Estimates
Change in Reporting Entity
Closing Entries
Collateral Trust Bonds
Commercial Substance
Commodity-Backed Bonds
Common Costs
Common-Size Analysis
Common Stock
Comparability
Comparative Analysis
Compensated Absences
Compensating Balances
Completed-Contract Method
Completion of Production Basis
Complex Capital Structure
Composite Approach
Composite Depreciation Rate
Compound Interest
Comprehensive Income
Conceptual Framework
Conservatism
Consigned Goods
Consignee
Consignment
Consignor
Consistency
Consolidated Financial Statements
Contingencies
Contingency
Contingent Liabilities
Continuing Franchise Fees
Contract-Related Intangible Assets
Contributed Capital
Contributory Pension Plan
Controlling Interest
Convertible Bonds
Convertible Preferred Stock
Copyright
Correction of Errors
Corridor Approach
Cost-Benefit Relationship
Cost Method
Cost Recovery Method
Cost-to-Cost Basis
Cost-to-Retail Ratio
Counterbalancing Errors
Coverage Ratios
Credit
Credit Risk Rate of Interest
Cumulative Feature
Current Adjustment
Current Assets
Current Cash Debt Ratio
Current Liabilities
Current Maturities of Long-Term Debt
Current Operating Performance Approach
Current Ratio

Date of Declaration
Double-Entry System
Date of Payment
Date of Record
Debentures
Debit
Debt Securities
Debt to Total Assets
Declining-Balance Method
Decreasing Charge Method
Deductible Temporary Difference
Deep Discount Bonds
Deferred Annuity
Deferred Tax Asset
Deferred Tax Consequences
Defined Benefit Plan
Defined Contribution Plan
Depletion
Deposits in Transit
Deposit Method
Depreciation
Derivative Financial Instruments
Detachable Stock Warrants
Development Activities
Development Costs
Diluted Earnings Per Share
Dilutive Securities
Direct Financing Lease
Direct Write-Off Method
Disclaimer of an Opinion
Discontinued Operations
Discount on Notes Payable
Discount of Stock
Discovery Value
Dishonored Note
Dividend
Dollar-Value LIFO Method
Dollar-value LIFO retail method

Earned
Extraordinary Items
Earned Capital
Earnings Per Share
Economic Entity Assumption
Economic Factors
Effective Rate
Embedded Derivative
Employer's Pension Obligation
Equity
Equity Capital
Equity Securities
Errors in Financial Statements
Electronic Funds Transfer
Event
Executory Costs
Expected Inflation Rate of Interest
Expected Postretirement Benefit Obligation
Expense Recognition Principle
Expenses
Exploration Costs
External Event

Face Value
Future Value
Factoring Receivables
Fair Value
Fair Value Hedge
Feedback Value
Federal Insurance Contribution Act
Financial Statements
Financial Flexibility
Financial Forecast
Financial Instruments
Financial Projection
Financing Activities
Finished Goods Inventory
First-In, First-Out Method
F.O.B. Destination
F.O.B. Shipping Point
Franchise
Franchisee
Franchisor
Fraudulent Financial Reporting
Full Cost Concept
Full Disclosure Principle
Funded Pension Plan
Futures Contracts

Gains
Guaranteed Residual Value
General Ledger
Going Concern Assumption
Goodwill
Grant Date
Gross Profit Method
Group Method

Hedging
Horizontal Analysis
Held-to-Maturity Securities
Historical Cost Principle
Holding Gain or Loss

If-Converted Method
Irregularities
Impairment
Implicit Interest Rate
Imprest Petty Cash System
Improvements
Inadequacy
Income Bonds
Income Statement
Income Statement Method of Cash Flows
Income Tax
Income Tax Withholding
Incremental Borrowing Rate
Indefinite-Life Intangibles
Indenture
Induced Conversion
Industry Practices
Initial Franchise Fee
Initial Operating Costs
Installment Sales Method
Intangible Assets
Interest
Interest on Pension Liability
Interest Rate Swap
Internal Controls
Internal Event
Intraperiod Tax Allocation
Intrinsic Value
Inventory Turnover
Investing Activities
Involuntary Conversion

Journal
Junk Bonds

Large Stock Dividend
Lump Sum Price
Last-In, First-Out Method
Lease
Ledger
Lessee
Lessor
Liabilities
License
LIFO Liquidation
LIFO retail method
Limited-Life Intangibles
Liquidating Dividend
Liquidity
Liquidity Ratios
Lockbox Account
Long-Term Debt
Long-Term Liability
Long-TErm Notes Payable
Losses
Lower of Cost or Market

Modified Accelerated Cost Recovery System
Multiple-Step Income Statement
Major Repairs
Markdown
Markdown Cancellation
Marketing-Related Intangible Assets
Market Value Approach
Markup
Markup Cancellation
Matching Principle
Materiality
Management Discussion and Analysis
Measurement Date
Measurement Principle
Medicare
Monetary Unit Assumption
Mortgage Bonds
Moving-Average Method
Multiemployer Pension Plans

Natural Resources
Not-Sufficient-Funds Check
Net Realizable Value
Neutrality
Nominal Accounts
Noncontributory Pension Plan
Noncounterbalancing Errors
Nondetachable Stock Warrants
Nonmonetary Assets
Nonreciprocal Transfers
No-Par Stock
Notes Receivable
Notes Payable

Obsolescence
Outstanding Checks
Off-Balance-Sheet Financing
Operating Activities
Operating Cycle
Operating Lease
Ordinary Annuity
Ordinary Repairs
Original Retail Price

Put Option
Paid-in Capital
Parent
Participating Dividends
Par Value Stock
Patents
Payout Ratio
Pension Benefit Guaranty Corporation
Pension Plan
Pension Plan Gain or Loss
Percentage Analysis
Percentage-ofCompletion Method
Percentage-of-Receivables
Percentage-of-Sales
Period Costs
Periodic Inventory System
Periodicity Assumption
Perpetual Inventory
Physical Factors
Post-Closing Trial Balance
Posting
Property, Plant and Equipment
Predictive Value
Preemptive Right
Preferred Dividends in Arrears
Preferred Stock
Premium Bond
Premiums
Prepaid Expense
Price Earnings Ratio
Printed Coupons
Prior Period Adjustment
Probable
Process Patents
Product Costs
Product Patents
Profitability Ratios
Profit Margin on Sales
Pro-Forma Statements
Projected Benefit Obligation
Promissory Note
Property Dividend
Property TaxProperty Tax
Prospective Adjustment
Purchase Commitments

Qualified Opinion
Qualitative Characteristics
Qualified Pension Plan

Rate of Return on Assets
Reversing Entries
Rate of Return on Common Stock Equity
Raw Materials Inventory
Real Accounts
Realizable
Realized
Rearrangement and Reinstallation Costs
Reasonably Possible
Receivables
Receivables Turnover
Reconciliation Method of Cash Flows
Recoverability Test
Redeemable Preferred Stock
Registered Bonds
Related Party Transactions
Relevance
Reliability
Remotely Possible
Replacements
Representational Faithfulness
Research Activities
Research and Development Costs
Reserve Recognition Accounting
Residual Value
Restoration Costs
Restricted-Stock Plans
Retail Inventory Method
Retained Earnings
Retained Earnings, Statement of
Retrospective Adjustment
Returnable Cash Deposits
Revenue Bonds
Revenue Recognition Principle
Revenues

Safe Harbor Rule
Sweetener
Sales Discounts
Sales Returns and Allowances
Sales Tax
Sales Warranty Approach
Salvage Value
Small Stock Dividend
Statement of Stockholders' Equity
Secured Bonds
Security
Self-Constructed Assets
Serial Bonds
Service Cost
Service Period
Simple Capital Structure
Single-Step Income Statement
Social Security Tax
Solvency
Specific Identification Method
Start-Up Costs
Stated Rate
Stated Value
Statement of Cash Flows
Stock Appreciation Rights
Stock Dividend
Stockholders' Equity
Stock Option
Stock Option Plans
Stock Rights
Stock Split
Stock Warrants
Straight-Line Method
Subsidiary
Subsidiary Ledger
Substantial Performance
Successful Effort Concept
Summary Annual Report
Sum-of-the-Year's-Digits Method
Supersession

Technology-Related Intangible Assets
Troubled Debt Restructuring
Term Bonds
Times Interest Earned
Time Value
Trade Discount
Trademark
Trade Receivables
Trading Securities
Transaction
Transfer Pricing
Transfer Without Recourse
T/TransferWithRecourse.aspx
Treasury Bonds
Treasury Stock
Treasury Stock Method
Trial Balance

Underlying
Unusual Gains and Losses
Understandability
Unearned Revenue
Unemployment Tax
Unqualified Opinion
Unsecured Bonds

Valuation and Accounting Policies
Vested Right
Variable-Interest Entity
Verifiability
Vertical Analysis
Vested Benefits
Vested Benefit Obligation

Warrant A certificate that gives the holder the right to purchase securities from the issuer at a specific price within a certain time frame.
Working Capital What is Working Capital
Warranty A promise made by the seller to a buyer to make good on a deficiency of quantity, quality, or performance in a product. Also referred to as “Product Guarantee”.
Weighted-Average Accumulated Expenditures The construction expenditures that are weighted by the amount of time that interest cost could be incurred on the expenditure.
Weighted Average Number of Shares Outstanding The weighted average of outstanding shares is a calculation that incorporates any changes in the amount of outstanding shares over a reporting period.
Work In Process Partially completed inventory items at the end of period. Raw materials that have entered production and the direct costs associated with them.

Zero Interest Note A note without stated interest rate instead has the effective interest included in face value.

the Blog

February 17/2014

An entities debts and obligation that are not due within one year or business cycle, whichever is longer. To learn more visit Long-Term Liabilities - Accounting Actualities

February 10,2014

Companies must use the percentage-of-completion methods when estimates of progress toward completion, revenue, and costs are reasonably and dependably; as well as the following conditions exist. Learn more at Revenue Recognition - Accounting Actualities

February 3, 2014

Transactions are initially recorded in a journal (also called the book of original entry). Journals are kept in chronological order and list transactions in terms of debits and credits to accounts. Besides a general journal businesses may have specialized journals: sales journal, purchases journal, cash receipts journal, cash payments journal… For more visit Accounting Cycle - Accounting Actualities

January 17, 2014

The Ledger is a book of accounts in which data from transactions recorded in journals are posted and thereby classified and summarized. A general ledger is a collection of all accounts. A subsidiary ledger contains the details related to a single general ledger account.

The accounting system is built from a collection of components referred to elements. Read about them on the elements page at Accounting Actualities.

January 10, 2014

The assumptions in the Conceptual Framework for Financial Reporting are:

Economic entity assumption- The economic activity of the entity is treated distinct and separate from its owners.

Going concern assumption- The absence of information that the entity is not able to continue indefinitely. That the entity has enough income and assets to cover foreseeable obligations.

Monetary unit assumption- The currency used to measure economic activity is going to remain relatively stable, permitting the disregard of inflation or deflation in the environment the entity operates in.

Periodicity assumption- The life of the entity can be divided into time periods for the providing financial reports, this period is usually a year, a quarter, or a month.

See more at about the Conceptual Framework at Accounting Actualities.

January 3, 2014

Generally Accepted Accounting Principles (GAAP) are the ruling accounting principles, standards and procedures that regulate financial accounting. For an understanding of the Codification and the history of GAAP, visit Account Actualities. You will find it time well spent.