Accounting Terminology Dictionary
English to Spanish Dictionary of Accounting Terms
Career Center Post a resume or job listing in our Career Center to connect with hundreds of employers or job seekers. Statistical composite that measures changes in the economy or in financial markets, often expressed in percentage changes from a base year or from the previous month.
It has no jurisdiction over other taxes such as employment taxes. Read on to see which ones you qualify for and get started on your scholarship research.
Additionally, some employers chose to match the contributions made by their employees up to a certain percentage. Auction system in which the price of an item is gradually lowered until it meets a responsive bid and is sold. Difference between two prices, usually a buying and selling price. Stock or securities for this purpose includes contracts or operations to acquire or sell stock or securities.
Generally used by government entities and not-for-profits. Defalcation To misuse or embezzle funds. Non Routine Transactions Activities that occur only periodically, the data involved are generally not part of the routine flow of transactions. Cross-reference bank reconciliation and account where it was found. Legally married but separated and living apart but not legally divorced.
With its authoritative and straightforward definitions and its wide-ranging coverage, winrar 64 windows 8 this dictionary is essential for students and professionals in accounting and finance. Check out these basic accounting terms and start to commit them to memory. Those accounting terms are then also added to the VentureLine Accounting Dictionary. English - Spanish Insurance Dictionary. Certain minimum choices and nondiscriminatory rules apply.
Surviving Spouse This is a person whose husband or wife died during the tax year. Fund that limits its investments to a particular sector of the marketplace. An individual can claim a refund back to whatever year it was due but it will only be paid three years back or less.
This is the most common type of salary reduction plans. Through committees, it develops guidance for specialized industries. Help develop a strong network of connections.
Glossary of Accounting Terms
We take our role in ensuring your information is private and secure very seriously. However, discounted options do not qualify as performance based compensation and therefore the deduction that the company would get may be partially or completely lost. Reorganization This is a change in the businesses capital arrangements. Quarter Three-month intervals of the year. Group that has authority to establish standards of financial reporting for all units of state and local government.
Agency authorized by the United States Congress to regulate the financial reporting practices of most public corporations. Amount withheld or deducted from employee salaries by the employer and paid by the employer, for the employee, to the proper authority. Rasmussen College is a regionally accredited private college. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription. Bookkeeping The process of recording financial transactions and keeping financial records.
Generally it is deductible regardless of whether it is business or personal. Alternative Dispute Resolution An alternative to formal litigation which includes techniques such as arbitration, mediation, and a non-binding summary jury trial. This is determined by dividing net sales by average total assets. Accountants enjoy a strong salary and job outlook.
No matter what specific industry you are in, forming professional relationships is a great way to get exposure for your business as well as personal support within your community. Megan is a freelance writer for Collegis education who writes student-focused articles on behalf of Rasmussen College. Authorized Shares Maximum number of shares of any class a company may legally create under the terms of its articles of incorporation. English - Spanish Financial Dictionary.
The program you have selected is not available in your area. By requesting information, I authorize Rasmussen College to contact me by email, phone or text message at the number provided. Financial instruments whose characteristics and value depend on the characterization of an underlying instrument or asset.
Negotiable Something that can be sold or transferred to another party in exchange for money or as settlement of an obligation. The auditor is required to disclaim depending on the limitation in scope.
If a reasonable person could not reach such a conclusion regarding a particular misstatement, that misstatement is more than inconsequential. Compliance with aspects of contractual agreements or regulatory requirements related to audited financial statements.
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