FINANCIAL DICTIONARY

1. Accounting -
2. Accounting theory -
3. Accounting equition -
4. Accounting system -
5. Accrual principle
6. Audit -
7. Asset -
8. Balance sheet / Statement of Financial Position ,
9. Business entity principle
10. Statement of Cash flow
11. Cost principle
12. Conservatism principle
13. Consistency principle
14. Cost accounting
15. Equetion principle
16. Statement of Owners equity
17. Expense -
18. External information user
19. Event
20. Financial accounting
21. Full disclosure principle
22. General Accepted Accounting Principles (GAAP) -
()
23. Going concern principle
24. Income statement ,
25. Internal information user
26. IFAC (International Federation of Accountants) -
27. Liability
28. Managerial accounting
29. Matching principle
30. Materiality principle
31. Monetary unit principle
32. Net income
33. Net loss
34. Objectivity principle
35. Owner, Capital ,
36. Owner investment
37. Owner withdrawals
38. Reliability principle

39. Return on assets

40. Revenue recognition principle
41. Shares -
42. Shareholders
43. Time period principle
44. Transaction
45. Source document
46. General journal
47. General ledger
48. Adjusting entry
49. Closing entry
50. Working sheet
51. Statement of Changes Equity
52. Statement of Cash flow
53. Accounting period
54. Accounting cycle -
55. Adjusted trial balance
56. Unadjusted trial balance
57. Permanent account
58. Temporary account
59. Income summary account
60. Post-closing trial balance
61. Analyze transactions
62. Deferred revenue
63. Deferred expense
64. Accrued revenue
65. Accrued expense
66. Cash
67. Cash equivalents
68. Cash on hand
69. Petty cash fund
70. Cash over and short
71. Cash on bank
72. Cash receipt
73. Cash payment
74. Deposit -
75. Check
76. Bank statement
77. Bank reconciliation
78. Deposit in transit

79. Outstanding checks

80. Bank service charge
81. Non-sufficient fund check
82. Reconciled (corrected) balance
83. Cash internal control
84. Days sales uncollected
85. Liquid assets
86. Investment in debt securities
87. Investment in equity securities
88. Short term (temporary) investments
89. Long term investments
90. Classification of securities
91. Available for sale securities
92. Brokerage commissions
93. Fair value method
94. Dividend revenue
95. Common stock
96. Preferred stock
97. Stockholder
98. Account receivable
99. Notes receivable
100. Valuing accounts receivable
101. Bad debts
102. Bad debts expense
103. Uncollectible account receivable
104. Direct write-off method
105. Allowance method ()
106. Allowance for doubtful accounts ()
107. Precent of sales method
108. Accounts receivable method
109. Aging receivable
110. Accounts receivable turnover
111. Promissory notes
112. Maturity date of a notes
113. Annual interest rate
114. Interest revenue
115. Interest expense
116. Discount rate
117. Inventory -
118. Purchase

119. Raw material

120. Finished goods
121. Work in process
122. Supplies
123. Cost of goods sold
124. Average cost
125. First-in, first-out
126. Last-in, first-out
127. Specific identification
128. Net realizable value
129. Perpetual system
130. Periodic system
131. Merchandise
132. Purchase cost
133. FOB-shipping point -
134. FOB-destination point -
135. Lower of cost or net realizable value
136. Inventory turnover -
137. Days sales in inventory ()
138. Market value
139. Tangible assets
140. The valuation of land
141.The valuation of buildings
142. Concept of depreciation
143. Lump-sum purchases
144. Plant assets
145. Depreciation -
146. Depreciation rate
147. Depreciation schedule
148. Depreciation for tax reporting
149. Straight-line method
150. Units-of-Production method
151. Declining-Balance method
152. Partial-year depreciation
153. Disposal
154. Cost determination
155. Land improvement
156. Factors in computing depreciation
157. Useful life
158. Salvage value

159. Discarding of plant asset

160. Change in estimates for depreciation
161. Compute depreciation-
162. Reporting depreciation
163. Capital expenditures
164. Revenue expenditures
165. Maintenance and repair cost ,
166. Acquire of a plant assets
167. Accumulated depreciation
168. Gain or loss on disposal
169. Long term assets
170. Real estate commission
171. Machinery and equipment
172. Book value
173. Selling plant assets
174. Exchanging plant assets
175. Impairment
176. Revaluation
177. Allocating cost
178. Account for assets exchanges
179. Disclose
180. Intangible
181. Amortization of intangible assets
182. Types of intangibles
183. Patents -
184. Copyrights
185. Trademarks and trade names
186. Lease prepayments
187. Leasehold
188. Leasehold improvements
189. Organization costs
190. Franchises -
191. Goodwill -
192. Depletion -
193. Plant assets used in extracting resources

194. Natural resources
195. Accumulated amortization -
196. Accumulated depletion
197. Indefinite useful life

198. Asset characteristics

199. Lack of physical substance
200. Exclusive right
201. Advance payment
202. Research and development cost
203. Convert -
204. Mineral deposits
205. Current liability
206. Short term liability
207. Classification of liabilities
208. Present obligation
209. Future payment
210. Uncertainty
211. Known liabilities
212. Estimated liabilities
213. Contingent liabilities
214. Trade account payable
215. Short term notes payable
216. Value added tax payable
217. Unearned revenue
218. Payroll liabilities
219. Warrenty liabilities /
220. Bond payable
221. Income taxes
222. Bonus plans
223. Employee -
224. Employer
225. Social insurance
226. Health insurance
227. Provision -
228. Vacation salary
229. Company income tax -
230. Working capital
231. Current ratio
232. Account payable turnover
233. Bond -
234. Types of bonds
235. Secured bond
236. Unsecured bond
237. Term bond

238. Registred bond

239. Bearer (coupon) bond
240. Interest
241. Issuanse bond
242. Face value
243. Nominal rate of interest
244. Market (effective) rate of interest
245. Interest payable
246. Interest expense
247. Present value of the principal
248. Present value of the interest payment
249. Discount on Bonds payable
250. Premuim on Bonds payable
251. Bonds issued between interest dates
252. Amortization
253. Schedule of bond discount or premium

254. Effective interest method

255. Bond issue cost
256. Treasure bond
257. Book value bonds
258. Redemption before maturity
259. Authorized number of share
260. Common stock
261. Preferred stock
262. Cumulative dividend
263. Non Cumulative dividend / Current dividend /

264. Declaration date
265. Record date
266. Payment date
267. Issued share
268. No par value stock
269. Outstanding share
270. Par value
271. Stock dividend
272. Stock split
273. Treasury stock
274. Retained earnings
275. Additional paid in capital

276. Shareholder/ Stockholder

277. Owners capital /
278. Shareholders capital
279. Restrictions on retained earnings
280. Earnings per share
281. Dividend yield ratio
282. Initial public offering /IPO/ -
283. Cash flow
284. Cash flow statement
285. Operation activities
286. Investment activities
287. Financial activities
288. Indirect method
289. Direct method
290. Cash and cash equivalents
291. Adjustments -
292. Net cash from operating activities
293. Increase (decrease) in inventory ()
294. Cash beginning (ending) balance ()
295. Funds flow
296. Ability generate cash and cash equivalents

297. Profit before interest and tax -
298. Preparing a cash flow statement
299. Cash flow accounting
300. Cash inflow
301. Cash outflow
302. Non cash transactions