Accounting Terminology

Non-accounting people can get bamboozled by the accounting terms used. Every trade has its own
jargon and accounting is no exception. Accountants need these terms to do their job correctly. For the lay
person it can however be quite daunting. The common accounting terms are listed below, together with
notes for Cashbook Complete users in italics.
Accounting Term

Definition

Accounts Payable

Also called A/P or Creditors. Accounts payable are the bills your business
owes to suppliers. See the Bills to Pay screen in Cashbook Complete.

Accounts Receivable

Also called A/R or Debtors, accounts receivable are the amounts owed to
you by your customers. See the Invoicing section in Cashbook Complete.

Accrual Based Accounting With the accrual method, you record income when the sale occurs, not
necessarily when you receive payment. You record an expense when you
receive goods or services, even though you may not pay for them until
later. Cashbook Complete uses Cash Based Accounting because it is
easier to learn and understand.
Assets

Things of value held by the business. Assets are balance sheet accounts.
Examples of assets are accounts receivable, furniture, fixtures and bank
accounts. See Balance Sheet Categories in the Categories Setup.

Balance Sheet

Also called a statement of financial position, it is a financial "snapshot" of

your business at a given point in time. It lists your assets, your liabilities,
and the difference between the two, which is your equity, or net
worth. Found under the Cashbook menu in Cashbook Complete.

Capital

Money invested in the business by the owners. Also called equity.

Cash Based Accounting

If you use the cash method, you record income only when you receive
cash from your customers. You record an expense only when you write the
check to the vendor. Cashbook Complete uses this method of accounting.

Chart of Accounts

The list of account titles you use to keep your accounting

records. Cashbook Complete uses a simplified version of a chart of
accounts and is called Cashbook Categories (in the Setup Wizard).

Cost of Goods Sold

(COGS) Cost of items or services sold to your customers.

Creditor

A company or individual whom you owe money to. See the Bills to Pay
screen in Cashbook Complete.

Credits

At least one component of every accounting transaction (journal entry) is a

credit. Credits increase liabilities and equity and decrease assets.

Current Assets

Assets that are in the form of cash or will generally be converted to cash or
used up within one year. Examples are accounts receivable and inventory.

Current Liabilities

Liabilities payable within one year. Examples are accounts payable and
payroll taxes payable.

Debits

At least one component of every accounting transaction (journal entry) is a

debit. Debits increase assets and decrease liabilities and equity.

Debtor

A company or individual who owes you money. See Invoices Outstanding

in Cashbook Complete.

Depreciation

An annual write-off of a portion of the cost of fixed assets, such as vehicles

and equipment. Depreciation is listed among the expenses on the income
statement. With Cashbook Complete; this is normally done by your
accountant at the end of the year.

Double Entry Accounting

In double-entry accounting, every transaction has two entries: a debit and a

credit (called a journal entry). Debits must always equal credits. All General
Ledger based accounting programs use double entry accounting.

End of Year Rollover

With general ledger based accounting programs, the P & L categories are
zero'd and balance sheet categories are carried forward. This is a term
used in old accounting systems and not used much these days. Modern
accounting systems tend to use open ended accounting. See "End of Year"
procedure in Cashbook Complete Help.

Equity

The net worth of your company. Also called owner's equity or capital.
Equity comes from investment in the business by the owners, plus
accumulated net profits of the business that have not been paid out to the
owners.

Fixed Assets

Assets that are generally not converted to cash within one year. Examples
are equipment and vehicles.

General Ledger

A general ledger is the collection of all balance sheets, income, and

expense accounts used to keep the accounting records of a business. A
general ledger works with double entry accounting and journal entries for
each transaction. Cashbook Complete uses cash based accounting.

Income Accounts

These are the accounts you use to keep track of your sources of income.
Examples are merchandise sales, consulting revenue, and interest income.

Income Statement

Also called a profit and loss statement or a "P&L." It lists your income,
expenses, and net profit (or loss). The net profit (or loss) is equal to your
income minus your expenses. This is found under the Cashbook menu in
Cashbook Complete.

Inventory (Stock)

Goods you hold for sale to customers. Inventory can be merchandise you
buy for resale, or it can be merchandise you manufacture or process,
selling the end product to the customer. See Products and Service in
Cashbook Complete.

Journal

The chronological, day-to-day transactions of a business are recorded in

sales, cash receipts, and cash payment journals. A general journal is used
to enter period end adjusting and closing entries and other special
transactions not entered in the other journals. In a traditional, manual
accounting system, each of these journals is a collection of multi-column
spreadsheets. See "Journal Entries" in Cashbook Complete Help.

Liabilities

What your business owes creditors. Examples are accounts payable,

payroll taxes payable, and loans payable.

Long Term Liabilities

Liabilities that is not due within one year. An example would be a mortgage
payable.

Net Income

Also called profit or net profit, it is equal to income minus expenses. Net
income is the bottom line of the income statement (also called the profit
and loss statement).

Profit & Loss Statement

Also called an "Income Statement" or "P&L." It lists your income, expenses,

and net profit (or loss). The net profit (or loss) is equal to your income
minus your expenses. This is found under the Cashbook menu in
Cashbook Complete.

Retained Earnings

Profits of the business that have not been paid to the owners; profits that
have been "retained" in the business.

Trial Balance

A list of the categories (or general ledger accounts) and their totals. See
the Cash Trial Balance report in Cashbook Complete.

Accounting Terminology Guide

A Misstatement is Inconsequential
Abatement

Absorption Costing
Accelerated Depreciation
Account
Account Payable
Account Receivable
Accountable Plan
Accountant
Accountants' Report
Accounting
Accounting Change
Accounting Cycle
Accounting Principles Board (APB)
Accounts Payable Subsidiary Ledger
Accounts Receivable Subsidiary Ledger
Accounts Receivable Turnover
Accrual
Accrual Accounting
Accrual Basis
Accrued Expense
Accrued Interest
Accumulated Depreciation
Accumulation
Acid-Test Ratio
Acquisition
Actuary
Additional Paid in Capital
Adjusted Basis
Adjusted Gross Income
Adjusted Trial Balance
Adjusting Journal Entry
ADR
Adverse Opinion
Affiliated Company
Agency Fund
Agreed-Upon Procedures Report
AICPA
Allocate
Allowance for Doubtful Accounts
Alternative Dispute Resolution
Alternative Minimum Tax (AMT)
American Depository Receipt (ADR)
American Institute of Certified Public Accountants (AICPA)
Amortization
AMT
Analyst
Analytical Procedures
Annual Report
Annuity
Anti-Dilution

APB
Appreciation
Assembly of Financial Statements
Assertion
Asset
Asset Turnover
At Par
Audit
Audit Documentation
Audit Engagement
Audit Risk
Audit Sampling
Auditing Standards
Auditor
Auditors' Report
Authorized Shares
Average Days Inventory On-Hand
Average Days Sales Uncollected
Average-Cost Method
Backup Withholding
Bad Debt
Balance
Bank Reconciliation
Bank Statement
Bankruptcy
Base Market Value
Beginning Inventory
Bequest
Beta Coefficient
Bid and Asked
Blue Sky Laws
Board of Directors
Bond
Bond Discount
Bond Indenture
Bondholder
Book Value
Bookkeeping
Boot
Bottom Line
Break-Even Point
Break-Even Units
Budget
Burden Rate
Business Combinations
Business Segment
Buyout
Bylaws
Cafeteria Plan

Call Loan
Call Price
Callable
Callable Instrument
Capital Asset Pricing Model (CAPM)
Capital Expenditure
Capital Gain
Capital Projects Funds
Capital Stock
Capitalize
Capitalized Cost
Capitalized Interest
Capitalized Lease
CAPM
Carrying Value
Carryovers
Cash
Cash Account
Cash Basis
Cash Dividend
Cash Equivalents
Cash Flow to Assets
Cash Flow to Sales
Cash Flows
Cash Payments Journal
Cash Ratio
Cash Receipts Journal
Casualty Loss
CD
CEO
Certificate of Deposit (CD)
Certified Financial Planner (CFP)
Certified Internal Auditor (CIA)
Certified Management Accountant (CMA)
Certified Public Accountant (CPA)
CFO
CFP
Chief Executive Officer (CEO)
Chief Financial Officer (CFO)
CIA
Claim for Refund
Clean Opinion
Close
Closed-End Mutual Fund
Closing Entry
CMA
CMO
Co-Mingling
Collateral

Collateralized Mortgage Obligation (CMO)

Combined Financial Statement
Comfort Letter
Commercial Paper
Commission
Committee of Sponsoring Organizations of the Treadway Commission (COSO)
Commodities
Common Stock
Company
Company Level Controls
Comparative Financial Statement
Compensate
Compensatory Balance
Compilation
Compilation Engagement
Compilation Report
Complex Trust
Compliance Audit
Compound Interest Principles
Comprehensive Income
Condensed Financial Statement
Confirmation
Conservatism
Consistency
Consolidated Financial Statements
Consolidation
Constructive Receipt
Consumer Goods
Contingency
Contingent Liability
Continuing Operations
Continuing Professional Education (CPE)
Contra Account
Contra-Liability Account
Contract
Contributed Capital
Contribution Margin
Control Deficiency
Control Risk
Controls Tests
Conversion
Convertible Stock
Copyright
Corporate Bond
Corporate Income Tax
Corporation
COSO
Cost Accounting
Cost Basis

Cost of Capital
Cost of Goods Sold
Cost Recovery Method
Coupon
Coupon Bond
Coverdell Education Savings Account (Education IRA)
CPA
CPE
Credit
Credit Agreement
Credit Balance
Creditor
Current Asset
Current Liability
Current Ratio
Current Value
Current Yield
Date of Auditors'/Accountants' Report
DDB
Dealer
Death Benefit
Debenture
Debenture Stock
Debit
Debit Balance
Debt
Debt Instrument
Debt Retirement
Debt Security
Debt Service Fund
Debt-to-Equity Ratio
Debtor
Decedent
Declare
Declining-Balance Method
Defalcation
Default
Defeasance
Deferral
Deferred Charge
Deferred Income Taxes
Deferred Interest Bond
Deferred Payment Annuity
Deficiency in Design
Deficiency in Operation
Deficit
Defined Benefit Plan
Defined Contribution Plan
Deflation

Demand Loan
Dependent Care Expenses
Depletion
Deposit Method
Depreciation
Derivatives
Detailed Income Statement
Detection Risk
Detective Controls
Direct Labor Costs
Direct Material
Direct Overhead
Disbursement
Disclaimer of Opinion
Disclosure
Discontinued Operations
Discount
Discount Bond
Discount Rate
Discount Yield
Discounted Cash Flow
Discretionary Trust
Disposable Income
Dissolution
Distribution Expense
Distributions
Dividend Payout Ratio
Dividends
Dividends in Arrears
Dividends Payable
Dividends Yield
Documentation Completion Date
Double Taxation
Double-Declining-Balance Depreciation Method (DDB)
Double-Entry Bookkeeping
Draft
Dual Dating
Due Date
Due Diligence
Dutch Auction
Earned Income
Earned Income Tax Credit (EITC)
Earnings Per Share (EPS)
Earnings Price Ratio
Econometrics
Economic Growth Rate
Economics
Effective Interest Method
Effective Interest Rate

Effective Tax Rate

EITC
EITF
Emerging Issues Task Force (EITF)
Employee Benefit Plan
Employee Stock Ownership Plan (ESOP)
Encumbrance
Ending Inventory
Endorsement
Engagement Completion Document
Entrepreneur
EPS
Equilibrium Price
Equity
Equity Account
Equity Financing
Equity Method of Accounting
Equity Securities
Error
Escrow
ESOP
Estate Tax
Estimated Tax
Estimation Transactions
Evidential Matter
Exchanges
Excise Tax
Excluded Income
Exclusions
Executor
Exempt Organization
Exemption
Expatriation Tax
Expectation Gap
Expenditure
Expense
Expense Ratio
Experienced Auditor
Exploration Expenditures
Exposure Draft
Extension
Extent of Tests of Control
External Reporting
Extinguishment of Debt
Extraordinary Items
Face Value
Factoring
Factoring: Over-Advances
Factory Overhead Costs

Fair Credit Reporting Act

Fair Market Value
FASB
Favorable Variance
Federal Income Taxes
Federal Reserve Bank
Federal Reserve System
Fiduciary
FIFO
Filing of Returns
Finance
Financial Accounting Standards
Financial Accounting Standards Board (FASB)
Financial Institution
Financial Leverage
Financial Statements
Finished Goods
Finished Goods Inventory
Firm
First In, First Out (FIFO)
Fiscal Year
Fixed Annuity
Fixed Assets
Fixed Costs
Fixed Price
Fixture
Floor
Flotation Cost
FOB
FOB Destination
FOB Shipping Point
Forecast
Forecasted Balance Sheet
Forecasted Income Statement
Forecasting of Cash Flow
Foreclosure
Foreign Corporation
Foreign Currency Translation
Foreign Exchange
Foreign Tax Credit
Form 10-K
Form 10-Q
Form 8-K
Form W-4
Franchise
Franchise Tax
Fraud
Free Cash Flow
Free On Board (FOB)

Freight In
Freight Out
Full Disclosure
Fund Accounting
Fundamental Analysis
Funding
Future Contract
Future Value
GAAP
GAAS
Gain
GAO
GASB
General Journal
General Ledger
General Partnership
Generally Accepted Accounting Principles (GAAP)
Generally Accepted Auditing Standards (GAAS)
Gift
Going Concern
Going Private
Going Public
Goods Available for Sale
Goodwill
Governing Documents
Government Accountability Office (GAO)
Governmental Accounting Standards Board (GASB)
Grantee
Grantor
Greenmail
Gross Income
Gross Margin
Gross Sales
Guaranty
Half-Life
Head of Household
Hedge
Held-to-Maturity Security
High-Low Method
High-Premium Convertible Debenture
Historical Cost
Holding Period
Hope Scholarship Credit
Horizontal Analysis
IASC
IMA
Improvement
Imputed Interest
In Arrears

Income
Income from Operation
Income Statement
Income Summary
Income Tax Basis
Incorporation
Incremental Cash Flow
Indenture
Independence Standard Board (ISB)
Independent Broker
Index
Indirect Cost
Indirect Labor Costs
Indirect Manufacturing Costs
Indirect Materials
Indirect Method
Individual Retirement Account (IRA)
Inflation
Inflation Rate
Inheritance
Initial Public Offering (IPO)
Inquiry
Inside Information
Insolvency
Insolvent
Installment Method
Institute of Management Accounts (IMA)
Instrument
Insurance
Insured Account
Intangible Asset
Interest
Interest Coverage Ratio
Interest Rate
Interim Dividend
Interim Financial Statements
Internal Audit
Internal Control
Internal Control Over Financial Reporting
Internal Rate of Return
Internal Revenue Code
Internal Revenue Service (IRS)
International Accounting Standards Committee (IASC)
International Mutual Fund
Intrinsic Value
Inventory
Inventory Financing
Inventory Turnover
Invest

Investing
Investment
Investment Banker
Investment Income
Investment Tax Credit
Invoice
Involuntary Conversions
IPO
IRA
IRS
ISB
Issue
Issued and Outstanding
Issuer
Jeopardy
Job Order
Joint Return
Joint Venture
Journal
Journal Entry
Junk Bonds
Just-In-Time
Keogh Plan
Key Employee
Key Industry
Key Person Insurance
Kiting
Labor
Laissez-Faire
Land
Last In, First Out (LIFO)
Lay Off
Lease
Lease Acquisition Cost
Lease-Purchase Agreement
Leasehold
Ledger
Ledger Account
Lender
Lending Securities
Lessee
Lessor
Letter of Credit
Letter of Intent
Leverage
Leveraged Buy Out
Leveraged Lease
Liability
Lien

Life Expectancy
Lifetime Learning Credit
LIFO
LIFO Liquidation
Limited Company
Limited Liability
Limited Liability Company (LLC)
Limited Liability Partnership (LLP)
Limited Partnership
Liquid Assets
Liquidation
Liquidity
Liquidity Ratio
Listed Property
Litigation Support/Dispute Resolution
LLC
LLP
Loan
Loan Value
Long Bond
Long Term
Long-Term Asset
Long-Term Debt
Long-Term Gain
Long-Term Investment
Long-Term Liability
Long-Term Loss
Loss
Loss on Disposal of Plant and Equipment
Lower of Cost or Market
Lump-Sum Distribution
Macroeconomics
Management
Management Accounting
Management Discussion and Analysis (MD&A)
Management's Report
Managerial Accounting
Manipulation
Manufacture
Manufacturing Overhead
Margin
Margin of Profit
Marginal Cost
Marginal Tax Rate
Mark-to-Market
Markdown
Market
Market Capitalization
Market Index

Market Interest Rate

Market Price
Market Share
Market Value
Marketable Securities
Marketing
Markup
Married Taxpayers
Matching Principle
Material
Material Weakness
Materiality
Materials Inventory Account
Maturity
Maturity Date
MD&A
Merchandise
Merchandise Inventory
Merger
Microeconomic Pricing Model
Microeconomics
Mixed Costs
Modeling
Modified Accelerated Cost Recovery System
Monetary Items
Money Laundering
Money Market
Monopoly
Mortgage
Moving Average
Moving Average Method
Municipal Bond
Mutual Agency
Mutual Fund
NASBA
NASDAQ
National Association of Securities Dealers Automated Quotations (NASDAQ)
National Association of State Boards of Accountancy (NASBA)
Nationalization
NAV
Negative Assurance
Negligence
Negotiable
Net
Net Asset Value (NAV)
Net Assets
Net Current Assets
Net Income
Net Lease

Net Loss
Net Present Value (NPV)
Net Present Value Method
Net Proceeds
Net Sales
Net Worth
New York Stock Exchange (NYSE)
No-Par Stock
No-Par Value
Non Routine Transactions
Non-Callable
Non-for-Profit Organization/Tax-Exempt Organization
Non-Sufficient Funds (NSF) Check
Nonresident Alien
Not-for-Profit
Note
Notes Payable
Notes Receivable
Notional
NPV
NSF Check
NYSE
Objectivity
Obligations
Obsolescence
OCBOA
Offer
Offering Price
OPEB
Open-End Mutual Fund
Operating Agreement
Operating Cycle
Operating Expense
Operating Lease
Operating Profit (or Loss)
Opportunity Cost
Option
Ordinary Annuity
Ordinary Income
Organization
Organization Expenditures
Original Cost
Other Comprehensive Basis of Accounting (OCBOA)
Other Post-Retirement Employee Benefit (OPEB)
Output
Outsourcing
Outstanding
Outstanding Check
Over-the-Counter

Overhead
Overhead Application Rate
Owners Equity
P/E Ratio
Paid in Capital
Par
Par Value
Parent Company
Partnership
Passive Activity Loss
Passive Income
Patronage Dividends
Payback Period
Payback Period Method
Payout Ratio
PCAOB
Peer Review
Penalty
Pension
Period
Periodic Inventory System
Periodicity
Perpetual Inventory
Personal Financial Planning
Personal Financial Specialist (PFS)
Personal Financial Statements
Personal Property
Petty Cash
PFS
Phantom Income
Physical Inventory
Plant
Pledged Asset
POB
Pooling of Interest
Portfolio
Post-Closing Trial Balance
Post-Retirement Benefits
Predetermined Overhead Rate
Preemptive Right
Preferred Stock
Premium
Premium Bond
Prenuptial Contract
Prepaid Expense
Present Value
Preventive Controls
Price Range
Price/Earnings (P/E) Ratio

Primary Earnings Per Share

Prime Rate
Principal
Private Placement
Privilege
Privity
Pro Forma
Pro Rata
Product Line
Production
Profit
Profit Margin
Profit Margin Pricing
Profit Sharing Plan
Profitability
Projection
Promissory Note
Property, Plant, and Equipment
Proprietorship
Prospective Financial Information (Forecast and Projection)
Prospectus
Proxy
Public Company Accounting Oversight Board (PCAOB)
Public Offering
Public Oversight Board (POB)
Purchase Method of Accounting
Purchase Order
Purchases
Purchases Discounts
Purchases Returns and Allowances
Push-Down Accounting
Puts
Qualified Opinion
Qualitative
Qualitative Analysis
Quality
Quantitative Analysis
Quantity
Quarter
Quarterly Reports
Quasi-Reorganization
Quick Assets
Quick Ratio
R&D
Rate of Return
Ratio Analysis
Raw Material
Raw Materials Inventory Account
Real Estate

Real Estate Investment Trust (REIT)

Real Estate Mortgage Investment Conduit (REMIC)
Real Income
Real Interest Rate
Real Property
Real Rate of Return
Realization
Realized Profit (or Loss)
Reasonable Assurance
Rebate
Recapitalization
Receivable Turnover
Receivables
Recession
Reconcile
Reconciliation
Recovery
Red Herring
Redemption Value
Refinancing Agreement
Refunding
Registrar
Regression Analysis
Regressive Rate
Regulated Investment Company (RIC)
Reinsurance
Reinvestment Rate
REIT
Related Party Transaction
Relevant Assertions
REMIC
Reorganization
Repairs
Replacements
Report
Report Release Date
Repos
Repurchase Agreement (Repos)
Required Rate of Return
Rescind
Research and Development (R&D)
Research and Development Costs
Reserve
Resident Alien
Residual Value
Restricted Assets
Restricted Fund
Restructuring
Retail Method

Retained Earnings
Retained Earnings Account
Retire
Return
Return on Assets
Return on Equity
Return on Investment (ROI)
Return on Sales
Revenue Recognition
Revenues
Review
Review Engagement
Review Report
RIC
Right of Rescission
Right to Setoff
Risk
Risk Averse
Risk Management
Risk-Adjusted Discount Rate
ROI
Routine Transactions
S Corporation
Safe Harbor Rule
Sale
Sale-Leaseback Transaction
Sales Discount
Sales Tax
Salvage Value
SAS
Savings Bond
Seasonality
SEC
SEC Filings
SEC Registration Statement
Secondary Market
Secured Bond
Secured Debt
Securities and Commodities Exchanges
Securities and Exchange Commission (SEC)
Securities Industry Association (SIA)
Securitization
Security
Security Interest
Self Employment Tax
Sell Out
Selling, General, and Administrative (SG&A) Expenses
Sensitivity Analysis
SEP Plan

Separate Entity
Serial Bond
Settlement Method
SFAS
Share
Shareholder
Shares Authorized
Shares Outstanding
Short Bond
Short Coupon
Short Interest
Short Sale
Short-Term
Short-Term Debt
Short-Term Gain or Loss
Short-Term Investment
SIA
Significant Accounts
Significant Deficiency
Significant Findings or Issues
Simple Interest
Simple Plans
Simple Trust
Simplified Employee Pension (SEP) Plan
Single Audit Act
Single-Premium Deferred Annuity (SPDA)
Sinking Fund
Small Business Stock
Social Security
Sole Proprietorship
Solvency
Solvent
SPDA
Special Assessment
Special Report
Specialist
Specialized Mutual Fund
Specific Identification Method
Speculation
Spinoff
Split Offering
Spot Market
Spread
Spreadsheet
SSARS
Standard
Standard Cost
Standard Deduction
Standard Deviation

Start-Up Costs
Stated Value
Statement
Statement of Cash Flows
Statement of Cost of Goods Manufactured
Statement of Financial Accounting Standards (SFAS)
Statement of Financial Condition
Statement of Owners Equity
Statements on Auditing Standards (SAS)
Statements on Standards for Accounting and Review Services (SSARS)
Statute of Limitations
Stepped Up Basis
Stock Compensation Plan
Stock Exchange
Stock Market
Stock Option
Stock Rights
Stock Split
Stockholder
Stockholders Equity
Straight-Line Depreciation
Straight-Line Percentage
Strike Price
Subsequent Event
Subsidiary
Sum-of-the-Years-Digits Method
Surplus
Surviving Spouse
Swap
T Account
Takeover
Tangible Asset
Target Costing
Tax
Tax Basis
Tax Court
Tax Credit for the Elderly and Disabled
Tax Lien
Tax Shelter
Tax Year
Taxable Earnings
Taxable Income
Taxable Municipal Bond
Taxpayer Identification Number (TIN)
Tenancy-in-Common
Term
Term Loan
Test
Time Value

Time Value of Money

Timing of Tests of Control
TIN
Tip
Title
Ton
Total Capitalization
Total Cost
Total Direct Labor Cost Variance
Total Direct Materials Cost Variance
Total Gain
Total Inventory Method
Total Quality Management
Trade
Trade Date
Trademark
Trader
Transaction
Transfer
Transfer Agent
Transfer Price
Transfer Tax
Transferee Liability
Transferred Basis
Treasurer
Treasury
Treasury Bill
Treasury Bond
Treasury Instruments
Treasury Note
Treasury Stock
Trend
Trend Analysis
Trial Balance
Troubled Debt Restructuring
Trust
Trustee
Turnover
UAA
Unamortized Bond Discount
Unamortized Premiums on Investments
Unaudited Financial Statements
Underlying Debt
Underlying Security
Undervalued
Underwrite
Unearned Discount
Unearned Income
Unearned Interest

Unequal Cash Flows

Uniform Accountancy Act (UAA)
Uniform Capitalization Rules
Unissued Stock
Unit
Unlimited Liability
Unqualified Opinion
Unrealized Loss or Gain on Long-Term Investments
Unrealized Profit (or Loss)
Unrestricted Funds
Unsecured Bond
Use of Professional Skepticism when Evaluating the Results of Testing
Valuation
Valuation Allowance
Value
Value-Added Tax (VAT)
Variable Annuity
Variable Costs
Variable Manufacturing Costs
Variable Overhead
Variable Rate Loan
Variance
VAT
Velocity
Vendor
Venture Capital
Vertical Analysis
Vesting
Voidable
Volatile
Volatility
Volume
Wage
Walkthroughs
Warrant
Wash Sale
Weighted-Average-Cost Method
Wholesale
Wholesaler
With Recourse
Withholding
Withholding Allowance
Without Recourse
Work in Progress
Working Capital
Working Interest
Working Papers
Worksheet
Wrap-Around Mortgage

Write Off
Yellow Book
Yield
Yield Curve
Yield to Call
Yield to Maturity
Zero-Coupon Bond
Zero-Coupon Convertible Security