Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• ACCOUNTING ENTITY ASSUMPTION - states that a business is a separate legal entity from the owner. In the...
  
  
• ACCOUNTING EQUATION - a mathematical expression used to describe the relationship between the assets, l...
  
  
• ACCOUNTING EVENT - when the assets and liabilities of a business increase/decrease or when there are ch...
  
  
• ACCOUNTING EXPOSURE - The change in the value of a firm's foreign currency-denominated accounts due to ...
  
  
• ACCOUNTING INCOME - the income derived through historical accrual based accounting. Income = the change...
  
  
• ACCOUNTING INSOLVENCY - Total liabilities exceed total assets. A firm with a negative net worth is inso...
  
  
• ACCOUNTING LIQUIDITY - The ease and quickness with which assets can be converted to cash.
  
  
• ACCOUNTING METHOD - The method used by a business or individual to keep records. Most individuals and s...
  
  
• ACCOUNTING PACKAGE/SOFTWARE - usually, is a commercially available software program or suite that, with...
  
  
• ACCOUNTING PERIOD - the time period for which accounts are prepared, usually one year.