Nbusiness accounting dictionary pdf

Accounts payable amounts owed by the company for the goods or services it. Agreedupon and regular compensation for employment that may be paid in any frequency but, in common practice, is paid on monthly and not on hourly, daily, weekly, or piecework basis. Accounting terminology guide over 1,000 accounting and. Links between business accounting and national accounting.

Gambia 2004 1 accounting principles and definitions. Liorngren, harrison and robinson, financial and management accounting, prentice hall, new jersey, 1994. Accounting, business studies and economics dictionary. This section contains various accounting terms, definitions, explanations, and examples that you may use to guide you in your accounting studies or profession. Accountancy firm a business partnership or possibly a limited company in which the partners are qualified accountants. Basic accounting terms, acronyms, abbreviations and concepts to remember. People make decision business transactions occur accountants prepare reports to show the results of business operations fig 1. Most small business owners dont have a degree in accounting, making it a daunting subject to tackle. Glossary of utility finance and accounting terms used in our seminars letters in parenthesis, preceding the definition, identify the sources used in compiling the glossary. The practice of bookkeeping when income is recorded when. The nysscpa has prepared a glossary of accounting terms for accountants and.

This accounting glossary isnt an ordinary dictionary that you find in the back of one of your accounting. Accounting is the systematic and comprehensive recording of financial transactions pertaining to a business, and it also refers to the process of summarizing, analyzing and reporting these. Normal accounting periods are months, quarters, and years fiscal or calendar. A slang term used to refer to something favorable that has happened in business. Accounting meaning in the cambridge english dictionary. The following is a list of spanish language vocabulary for common business and accounting terms. You may be a business studentan accounting major or an mba candidate. You may be an accountant or you may have to deal with accountants. Bilingual glossaries on economics and finance spanishenglish glossary of financial terms.

For example, an employee receiving a raise may reply with the words cool beans, upon receiving the news. To help with this, weve compiled an assortment of basic financial terms and acronyms and created a simple accounting glossary for beginners. Choose the initial letter of the term you wish to visit and click on it. Its time to roll up those sleeves and build your accounting vocabulary.