decent standard of accounting

A
living Accelerator services
theory
Absolute value the level of Accounting cost
The distance a investment the value of an
number is from depends the rate economic
Assets zero on a number of change of resource used up
thing you own line national income, in production
and a result tends
Absolute Absorb to be subject to be Accounting cycle
advantage to incorporate substantial the transactions
the situation that amounts in an fluctuations that occur for a
exists when a account in a way business over the
in which the first Account whole fiscal year
given amount of
firm or entity is a section of the
resources can loses its identity general ledger that Accounting
produce more of and is absorbed specifically deals period
some product in within the second with a single refers to the time
one country than firm or entity aspect of the period for which
in another business accounts cover,
Accelerator usually it is one
Absolute poverty the level of Accountant year
a level income investment the one who
below what is depends upon the performs Accounting
required to have a rate of growth of profit
demand
the difference balance of all Accrued assets which payment is
between total outstanding assets from not yet made,
revenues and total amounts owed to revenues earned during a given
explicit costs the business as a but not yet financial period
result of credit received
Accounts sales Acquisition cost
the financial Accrued the amount, net of
records of a Accretion expenses both trade and
business’ growth in assets this refers to cash discounts,
relationship through mergers, income earned paid for property,
acquisitions, and during an plus transportation
Accounts internal expansion accounting period costs and ancillary
payable but not paid by the costs
are the amounts Accrual end of that period
owned by a the recognition of Accrued income Active balance
business to others. when expenses this refers to Money held for
It is summarized when incurred or income earned transactions and
from the revenue when during an precautionary
purchased ledger earned or accounting period purpose
regardless of but not paid by the Actual growth
Accounts when the actual end of that period The percentage
receivable cash is received or annual increase in
an account in the paid Accrued liability national output
general ledger This liability was produced
which contains the incurred, but for
Accurate materials and merger, as of Analogy
The process used components several A conclusion that
to find sizes, Advance corporations. In if two or more
quantities, or normally refers to business, the
things agree with
amounts an amount paid distinction being
before has been that the surviving one another in
Adaptors earned entity some respects,
Individuals who incorporated the then they probably
tend to solve Adverse selection asset base of will agree in
problems using self-selection, others into its base others.
existing slightly within a single Amortization
modified risk category, of Period
approaches than persons of above- Angle
the length of time
those used in the average Formed by two
until the debt is
past by the rays with a
business Aggregate supply zero common endpoint
shock
Amortization
Added value a shift in the Appraisal
aggregate supply Schedule
the difference evaluating the
between the curve a chart that shows usefulness of the
selling price of a the balance of the employee the
product or service Aggregate mortgage after business
and the cost of the sum or total
each amortization
inputs such as period Area
Amalgamation
The amount of
a consolidation or
surface enclosed and seller enter CPA at the end of statements and
by a geometric competitive offers an audit other data
figure at the same time. investigation
Auditor
Asset structure Audit Audit report an accountant
the proportion of the process of is the signed, usually certified
capital employed checking every document which by a national
in each type asset entry in a set of gives the results professional
books to make of the audit association of
Associate
sure they agree accountants, if
in business, is Auditing
with the original one exists in the
when one person an accounting
paperwork corporation’s
is brought procedure which
country, or
together with Audit committee checks thoroughly
certified by
another person or body formed by a the authenticity of
another country’s
company into a company’s board a company’s
recognized
relationship to of directors to accounts
national
perform some oversee audit
Auditing association of
aspect of business operations and
standards accountants
circumstances
Auction guidelines that
Autarky
a trading market Audit opinion auditors follow
a situation in
in which the report rendered by when examining
which country
buyers enter bids the independent financial
engages in no Average cost up pricing saving divided by
foreign trade total cost per unit when firms set the disposable
of output price by adding a income. The
Authority
profit mark up to proportion of total
the right to Average cost
average cost disposable income
command a method
that is saved
situation, a task or is using a Average fixed
an activity weighted average cost Average revenue
cost for items in total fixed cost total revenue per
Authorized share
inventory rather divided by the unit of output.
capital
than actual cost number of units When all output is
the maximum
for each specific produced sold at the same
amount which can
item price, average
be legally raised Average product
revenue will be
by a company Average cost or total product
the same as price
unit cost divided by the
Automatic
the cost of number of units of

B
stabilizer
producing one the variable factor
a mechanism the
unit, calculated by used in its
decrease the size
dividing the total production
of fluctuations in
cost of output
aggregate Average
expenditure Average cost propensity to
pricing or mark save
Back charge Back up Bad debt the tax financed
item previously to make a account or note change in
charged to an duplicate copy of receivable that government
account but original data or proves to be expenditure that
unpaid. The files usually entirely or brought about
current invoice stored on a partially
Balance of trade
requests payment separate data uncollectible
the difference
of the previous storage medium despite collection
between the value
charge as well as efforts
Backlog of visible exports
of current charges
used to refer to the Balance and the value of
Back door listing value of the the equality of visible imports
a method that a unfilled orders total debits and
Balance Sheet
company which placed with a total credits of all
shows the assets,
failed to get listed company accounts in a
liabilities and
on the stock general ledger in
Backward financial position
exchange acquires the preparation of
vertical of the company
and merges with a a trial balance
integration
company that is Balancing charge
merging with a Balance budget
already listed on this is a charge
firm involved with multiplier
that exchange, that is calculated
the previous stage the change in
thereby getting when a fixed asset
of production income divided by
‘back door’ listing is sod or disposed
of. It may be an Basis resource the death of
income or expense The starting value accounting another
item or used point in
calculating the Behavioral
Balancing item gain or loss, theories
the estimated net depreciation, which state that Benefits
value of amortization and business principle
omissions from all depletion objectives are the idea that
other items determined jointly people should pay
recorded on the Batching by groups of taxes based on the
balance of The collecting and interested parties benefits they
payments organizing of
incoming invoices Beneficial owner receive from
accounts
before processing refers to the government
Bar graph individual who services
Horizontal or Behavioral enjoys the benefits
accounting of ownership even Beta
vertical bars that
approach to though the title measure of
display data
accounting that may be in a systematic or
Base stresses different name diversifiable risk
Tells what factor psychological of a stock
is being considerations in Beneficiary
multiplied in decision making, Individual who Bill
exponential for also called human will receive an a term typically
inheritance upon
used to describe a Bonus Box-and-whisker expenses intersect
purchase invoice usually an extra plots (no loss or profit)
payment made in Identifies trends
Billable Budget
recognition of the and summarizes
refers to the costs/ a quantitative
contribution a information. The
or other expenses economic plan
worker has made distribution of
that are covered prepared and
to the company data is divided
by the contractual agreed in advance.
into four equal
agreement Bookkeeping It is used for
parts.
between two accounting planning and
parties that may support function Branch control purposes
be billed performed by the accounting
Business
book keeper. Is the accounting for
Bond discount decisions
the most basic of regions separated
the amount below these include
the accounting geographically or
face value at strategic
duties and sections of
which a bond is decisions, tactical
requires less enterprises
issued decisions and
education and
Break Even operational
Bonds experience
Point decisions
loans to
Bottom Line the point where
companies or Business entity
Figures income and
governments (no principle
the final figures
voting rights) a firm or business
is seen as separate used to refer to a Business minimum short-
from its owner in component of a valuation run average total
the presentation of firm that may the price that a cost
the final accounts provides a single hypothetical buyer
Capital
and financial products/service would pay for a
(accounting)
statements or a group of business or entity
the money
related under a given set
Business ethics invested into a
products/services of circumstances
the influence of business by the
and that is or can
values and beliefs owners
be subject to risks

C
upon the conduct
and rewards that Capital account
and operation of
are different from a term usually
the business
those of other of applied to the
Business plan the business owner’s equity in
a statement made segments the business
C.P. A
by a business,
Business certified public Capital asset
outlining the way
structure accountant asset purchased
it will attempt to
the way in which for use in
achieve its Capacity
a business is production over
objectives the level of output
organized long periods of
that corresponds
Business time rather than
to the firm’s
segments for resale
Capital budget see depreciation Capital flight man-made
plan of proposed another name for the movement of resources
acquisitions and the same concept financial capital
Capital lease
replacements of overseas
Capital cost one in which the
long-term assets following
allowance lease obtains
and their domestic
the depreciation of significant
financing problems.
an asset as an properly rights
Capital charge expense Capital gain
Capital loss
is an amount of the profit made by
Cash discounts refers to the
money that is selling a share/
offered to higher purchase
normally arrived asset for more it
encourage price above the
at by the was bought for
customers to pay sale price when
calculation of the
their bills on time Capital goods the fixed are sold.
money of the firm
goods that are use The loss often
has invested in Capital
of other goods given different or
capital multiplied expenditure
a special different
by the weight money spent on Capital intensive
treatment for tax
average cost o9f fixed assets which refers to
purposes
capital. will last for more production
than one year processes that Capital
Capital
require maintenance
consumption
predominately principle in
accounting stating interest rate Capitalized agreement to
that earnings can changes to charge an restrict output in
be realized only expenditure to an order to raise
Capital
after an asset account prices and profits
reduction
organization’s because it benefits
the reducing of a Cash accounting
capital has been a period in excess
company’s the term describes
maintained at a of one year
declared or stated an accounting
predetermined
capital base Capitalized costs method whereby
level
are those business only invoices and
Capitalism
Capital costs or expenses bills which have
an economic
movements that are deducted been paid are
system individual
the flow of or written off over accounted for
privately known
international a period f time via
the productive Cash flow
boundaries, for depreciation on
resources of land amount of money
investment in amortization
and capital coming in and
plant and schedules
going out of your
machinery, or in Capitalization
Cartel business monthly
response to total amount of
a group of
interest rate the various Cash flow cycle
producers who
changes or securities issued means of showing
enter into a
expectations of by a corporation the stages between
collusive
paying out cash
for labor, the second Central tendency statement of
materials, etc. and variable to a measure of the certification given
receiving cash fluctuate. most likely or by the certified
from the sale of common result public accountant
Centering
good from a set of data
a method used in Certified public
Caveat the calculation of Certified accountant
refers to a a moving average accountant refers to an
warning or where the average title given by the accountant who is
prohibition is plotted or Association of licensed and
against certain calculated in Certified therefore allowed
activities relation to the Accountants in to practice public
central figure different places accounting. The
Causation
requirements
is the capacity of Centralized Certified
differ in different
one variable to a management financial
countries
influence another. structure in which statements
The first variable most decisions are refers to financial Circle Graph
may bring the taken at the statements which A visual shows
second into center, or at have had a formal how data is
existence or may higher levels of audit carried out divided into
cause management by a CPA and categories that do
the incidence of contain a not overlap
Chain discounts point on the and/or services Coase Theorem
a series of demand curve to from a firm the proposition
discount another point, that if private
Closing account parties can
either on the
Change in is the process of bargain without
original demand determining the cost over the
demand
curve or on a new final balance of an allocation of
an increase or
one account and then resources, they
decrease in the
the posting of the can solve the
quantity Channel costing entry in order to problem of
demanded at each the fulfillment offset externalities on
possible price of cost information this balance their own
the product, pertaining to
represented by a distribution Closing cash Collateral
shift in the whole channels balance security for a loan
the amount of
demand curve Collective
Chattel mortgage cash held by the
Change in supply mortgage on business at the bargaining
end of each a method of
an increase or personal property
month. This determining
decrease in the becomes next
Client conditions of
specific quantity month’s opening
a person or work and terms of
bought, company who cash balance
represented by a employment
purchases goods
change from one through
negotiations business and other unit of the twelve times a
between transactions, such population year
employers and as the European
Union Compounded Compounded
employee
annually quarterly
representatives Common-size interest is paid interest is paid
Commission statements once a year four times a year
Rate financial
An amount of statements Compounded Compounded
money earned that expressed in daily semi-annually
is a percent of percent interest is paid interest is paid
their total sales 365 times a year twice a year
Common shares
paid dividends Compounded Confidence level
Commission interest a statistical
after the
The amount of interest calculated calculation which
money received preference shares
have been paid on the principal allows a business
from the sales
plus any
Complete Constant
Common accumulated
enumeration an item of data the
currency interest
survey stays the same
an agreement
between countries where info is Compounded
Consortium
to use the same collected for every monthly
an association of
currency for all interest is paid
companies for
some definite between two sets Cross-products dividends that are
purpose of variables The products of earned by capital
multiplying the owned in one
Conventional Cost plus pricing numerator of one country and
mortgage a method of fraction with the invested in
the amount of determining denominator of another
money borrowed payment based on the other fraction
and vice versa Current cost
is less than 75% the actual cost of
accounting
of the purchase production or Cubed a method of
price service A number used as accounting which
provisioning plus a factor three replaces all
Cooperative times historic cost
an agreed-upon
solution values with
fee or rate of
a situation in Current account current valuations
profit
which existing a part of the

D
firms cooperate to Cross-Footing balance of
maximize their adding columns of payments
accounts that
joint profits figures
records payments
horizontally and and receipts
Correlation
vertically to check arising from trade Data
coefficient
that the totals in goods and the info collected
a measure of the
agree services and from from a survey and
extent of the understand the figures
relationship
generated through in imperfect debenture Debit card
statistical analysis markets certificates are a card that has the
issued to the same use as a
Database Death tax
lender. This loan cheque. Its use
an organized tax imposed on
is secured against directly debits the
collection of data property upon the
the assets of the person’s current
stored death of the
company account
electronically with owner, such as an
instant access, inheritance or Debit Debit notes
searching and estate tax when an entry is may be issued to
sorting facilities made on the left- when there is a
Death-rate
hand side of a payment which is
Date of record the number of
journal or ledger short
the date at which deaths per 1000
account
those who people in the Debt
owned/own shares population per Debit and credit money r services
will receive the year conventions owned to an
dividends the rules for debit outside party. It is
Debenture
and credit to be a legal obligation
Deadweight is used when a
followed under of the business
welfare loss limited company
double entry arising either be
the loss of receives money on
bookkeeping short-term or
consumer plus loan, and
long-term
producer surplus certificates called
Debt collection of the risk of the business but are selection from
period capital structure of delegated to lower among a set of
the number of the firm levels of alternatives
days it takes to management considering a
Debt-servicing
collect the average given objective
the sum of interest Decimal system
debt
and principal A system in which Deficit
Debt financing repayments on you can convert a debit balance in
raising money publicly held or measurements by the retained
through selling publicly multiplying or earnings account
bonds, notes, or guaranteed dividing by which is direct
mortgages or external debt powers of ten result of operating
borrowing directly losses
Debtors Decision lag
from financial
customers who the period Deflate
institutions
owe money to the between a government
Debt service business perceiving action to lower
ratio problem and aggregate demand
Decentralized
the measurement reaching a through fiscal
a management
of debt payments decision on what policy or
structure in which
to gross income to do about it monetary policy
many decisions
Debt to equity are not taken at Decision making Deflation
is a measurement the center of the purposeful a situation where
prices are falling superior to everything else Demographics
in the economy subordinate constant are attributes such
as income, age,
Default Demand Demand deposit
and occupation
non-payment the entire bank deposit from
that best describe
relationship which
Deindustrializati your target market
between the withdrawals can
on
quantity of be carried out Denomination
occurs when there
product that without advance refers to the series
is a decline in the
buyers wish to notice of currency notes
importance of the
purchase per or weights
secondary sector Demand inflation
period
of an industry in arising from Dependency
an economy Demand curve excess aggregate where the
a graph showing demand, that is, development of a
Delayering
the relationship when national developing
the removal of
between the income exceeds country is
managerial layers
quantity potential income hampered by its
in the hierarchical
demanded of a relationship with
structural Demerger
good or service the industrialized
where a business
Delegation and its price, world
splits into two
authority passed holding
separate Deposit money
down from
organizations money held by the
public in the form The amount that Earned income level of output
demand deposits the regular price is income from overtime
with commercial reduced personal services
Economic model
banks
Dividend Earning power a formal
Diameter the number to be discounted present presentation of an
A segment that divided by value of future economic theory
passes through the profit of a
center of a circle Divisor Economic system
business
and is twice the the number you the institutional
radius are dividing by Earnings means through
net income of a which resources
Direct

E
business are used to satisfy
proportion
human wants
a number is Economic goods
directly any good or Economic value
proportionate to service that is the asset values
another when as E-commerce scarce according to its
one value the use of the ability to generate
increases, so does internet and Economic
revenue
the other electronic growth
communication to the increase in an Efficiency
Discount carry out business economy’s real how well inputs,
transactions such as raw
materials, labor or Estimation represent the same production that
capital can be An approximate comparison are used to
changed into measure when an produce outputs

F
outputs, such as exact measure is
Factoring
goods or services not necessary or Finding what
available factors were
Elasticity of
multiplied to
demand Exponent
obtain the product
a measure of Tells the number
responsiveness of of equal parts in
Factor market Fairness
exponential form
quantity of a markets in which A term indicating
product demanded Exponential the services of that an entity’s
to a change in Form factors production financial
market price A number written are sold condition and
with a base and an operating results
Elasticity of exponent. Factor mobility are presented in a
supply the ease with way that is
Extension which factors can understandable,
a measure of the
the total of units be transferred appropriate, and
responsiveness of comprehensive
multiplied by the between uses
the quantity of a Fixed costs
product supplied price
Factor services costs that remain
to a change in Equivalent ratios The services of constant
market price factors of
If two ratios
Foreign currency Front loaded specialization milestone the
exchanges most of the early according to organization trues
a rate that one payments go comparative to achieve that has
currency can be toward paying the advantage that Is evolved from
exchanged for interest on the made possibly either a strategic
another loan trade issues and
operational
Foreclosure Gearing ratios

G
planning
the process of explore the capital
repossessing and structure of a Going rate
selling the real or business by the price that
personal property comparing the goods or services
when the proportions of ‘on average’ are
borrower has Gain capital raised by sold for
defaulted the amount earned debt and equity
Greatest
Fractions on some General union Common Factor
parts of a whole commercial or a trade union (GCF)
business The common
number which represents
transaction factor of two or
workers from a more monomials
Frequency Table
Gains from trade variety of trades is the greatest
Shows how often
the increase numerical factor
an item appears in Goal
output due to and variable or
a set of data the aim or
variables of corrupt a High risk a number is
greatest degree computer system statement indirectly
you may get a proportionate to
hard cost
large return or get another when as
price paid to
nothing one value
purchase the
increases, the
actual assets Hypothesis
other decreases
A statement
hard loan containing Improper
a loan with information that
Fraction
commercial rates leads to a
is fractions that

H
of interest and conclusion
express amounts

I
terms of
which are equal to
repayment
or greater than a
High ratio unit. Hence, the
mortgage numerator is
Hacker the amount of either equal to or
knowledge money borrowed greater than the
Income taxes
computer user is between 75% - An annual tax on denominator
who attempts to 95% of the personal income Income
break into and purchase price
statement
Indirect
shows the money
proportion
coming in and Job analysis Joint float Joint venture
expenses for a a study of what group of two firms sharing
certain period. the job entails currencies pegged the cost
such as the skills, to each other responsibility and
Interest
task and jointly float profits of a
money earned on
performance against other business venture
an investment or
expected currencies
paid on a loan

K
Joint Joint product
Investment
consultation a single
something that is
discussion production
expected to return
between process that yields
a profit
management and multiple products
Invoice employee simultaneously kiting
a bill representatives depositing and
Joint supply
before a decision drawing cheques
where the

J
is taken at two or more
production of banks
Joint cost more of one good simultaneously
where joint leads to the
product is production of
identified as an more of another
individual product
 Liabilities Loan

L
amounts of money money given to
you owe someone on
condition the
Line
person will return
A set of points
that extends the money and
Lease without end in interest by a
a contract giving opposite specific date
someone the right directions
to use something Loss
Line Graph is opposite of
for a certain Points
length of time profit & to put it
representing data simply, its gain or
Lessee are plotted, then loss which can be
the person paying connected with measured
to borrow line segments
property for a Low risk
Line Segment investment
certain amount of A part of a line
time for payments that consists of the interest
two endpoints and amount is small,
Lessor all points between but you are
the owner of the them guaranteed to get
property something
 Medium risk Multiplier Mortgagor

M
statement the number you the borrower
investing in a are multiplying by
Multimodal
well-established
Mode more than one
company
the most frequently
Measurement frequently occurring value in
Maximum The three numbers occurring value in a group of data
the highest that separate a set a group of data
number in a group of data into four
of data Money factor
parts.

N
a decimal figure
Mean Minimum when x by 2400
(simple average) the lowest number gives an
adding the group in a group of data approximate
of items and annual interest
dividing by the Mixed number
rate
total number of is numbers that National Income
items consists of a Mortgage accounting
whole number and a loan a measurement
Median a fraction
Mortgagee system used to
the score that falls
Multiplicand the lender estimate national
in the middle
the first number
income and its Net capitalized

O P
components cost
the price after any
National saving
down-payment or
the sum of public
trade-in
saving and private
Opposites
saving Net loss Two numbers the
when total P. A
Natural business same distance
expenses are from 0 (zero) but per annum -
year in opposite yearly
greater than total
fiscal year based directions on a
revenues for a Parameter
on business cycle number line
business number calculated
of a given
business rather Net Pay from population
The amount of Overtime data
than the calendar
money that a time worked
year Partitive
person is paid beyond the
Natural scale after taxes are established proportion
a scale in which subtracted working hours involves
equal absolute identifying parts
amounts are of a whole based
represented by on a given ratio of
equal distances these part
Percent Perimeter A flat surface that dividends are paid
of one hundred around a plane extends without to common stock
figure end in all holders
Percent of directions
Increase Per Diem Precision
What percent the per day Polygon A measure that is
amount of A two- nearly exact
increase is of the Personal dimensional
original number property closed plane Price earnings
property other figure formed by ratios
Percent of joining three or
than real estate indicators of the
Increase more-line
What percent the (often called a segments at only confidence
amount of chattel mortgage) their endpoints. investors have in a
increase is of the company (the
original number Pictograph
Population higher the better)
Displays data with
a complete set of
Perfect Square graphic symbols Principal
individuals,
A rational number The amount of
Point objects or scores money that is
that is a product of
two equal factors A location in being studied earning interest or
that are rational space represented that you are
by a dot Preference share
numbers borrowing
provide a specific
Plane dividend that is Prism
paid before any
A three- numbers in a set

Q R
dimensional of data
figure with two
identical, parallel Rate
faces, called bases Percent charged
per year for the
Profit use of money over
Profit is a surplus Quartiles Radius a given period of
remaining after Identifies trends The fixed distance time
deducting total from the center of
and summarizes Ratio
cost from the circle to the
revenue.  information. The a comparison of
edge of the circle
distribution of two numbers
Proper Fraction data is divided Ray
is fractions that into four equal A part of a line Ratio analysis
express amounts parts that has one Form of vertical
which are less endpoint and analysis. It is used
Q ratio extends without to determine
than a unit.
market value of end in one certain ratios
Proportion all securities direction
important in
when two ratios divide by the business decision-
replacement cost Range
are equal making, like
of all assets the difference
between the determining
highest and lowest profitability ratios,
liquidity ratios, drawing to the Shares

S
solvency ratios, size of the actual part ownership in
asset utilization object a company
ratios, etc. Scale drawing Sides
Real property A drawing that The rays of an
Sales commission represents a real angle
real estate
the money paid to object
(houses, condos,
an employee Simple interests
warehouses, Scatter Plot
based on a interest calculated
factories, etc.) Displays two sets
percentage of their on the principle
of related data on
Residual value sales
the same set of Special discounts
the amount the
Sale Price axes. Points a percentage
property is worth
The regular price represent the data, discount to
at the end of the less the discount but they are not customers
lease
connected.
Sample Squared
Retired A number
a portion of the Sensitivity
paid in full multiplied by
population being analysis
deciding if it’s itself
Risk studied
the unexpected worth the risk Square Root
Scale
variability of The ratio of the
returns size of the
Two equal factors Term common-size

V
of a number the length of the statements
loan
Statistic Vinculum
a number Time indicates division
calculated from How long the

W
sample data principal remains
in the bank or Variable
unpaid

T
an item of data
that has a different
Trade discount
value at different
a percentage
times
discount for
Weighted
Tax buyers associated Variable costs
average
with the products costs that fluctuate
A charge, usually used when each
being sold
a percentage, that Vertex piece of data has
is imposed by an The endpoint of more than one
authority, an angle component
generally local,
state or federal Vertical analysis
government. used in the
preparation of