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Business and Accounting Glossary

a

Accelerated depreciation
Accounting method
Accounting period
Accounting software
Accounts payable
Accounts receivable
Accounts receivable turnover
Accrual accounting
Adjusted basis
Adjusted gross income
Adjustments to income
Allowable Cost
Amended return
Amortisation
Annual percentage yield (APY)
Appreciation
Assessment
Asset allocation
Asset case
Assets
Audit
Average tax rate

b

Balance sheet
Bank reconciliation
Bankruptcy
Basis of accounting
Break even point

c

Capital
Capital gains
Capital loss
Cash accounting
Cash flow statement
Cash method
Chart of accounts
Cost of goods sold (COGS)
Current year tax

d

Debt consolidation
Debt-to-income ratio
Deduction
Dependent
Depreciation
Direct tax
Dividend
Due diligence

e

E-commerce
EBITDA
Emergency fund
Equity
Estate
Estate tax
Estimated tax payments
Excise tax

f

Fair market value
Financial statement
Fiscal year
Fixed assets
Flat tax
Fractional ownership

g

Government bond
Gross income
Gross profit
Gross profit margin
Gross profit vs Net profit

h

Household income
Housing expense ratio

i

Income tax
Indirect tax
Inheritance Tax
Inventory
Investment income
Invoice

j

Journal entry

k

Key Performance Indicator (KPI)

l

Ledger
Ledger Balance
Leverage
Liability
Line of Credit
Liquid Assets
Liquidity
Living Trust
Load
Loan calculator

m

Margin
Margin vs Markup
Maturity Date
Mortgage
Mutual Fund

n

Negative Equity
Net income
Net profit
Net worth
Non-liquid Asset
Note

o

Operating Margin
Operating profit
Options

p

Payroll records
Periodic Rate
Private Equity
Profit and Loss Statement
Property Tax
Purchase Agreement

q

Quantitative Easing
Quick Ratio

r

Rebate
Recession
Refinance
Return on Assets (ROA)
Return on Equity (ROE)
Return on Investment (ROI)
Revenue
Risk

s

Safe harbour
Signature loan
Sole proprietorship
Stockbroker

t

Tax bracket
Tax credit
Tax deduction
Tax deferral
Trial balance

u

Unearned income
Unsecured debit

v

Valued Added Tax (VAT)
Venture capital

w

Working capital

y

Year to Date (YTD)

z

Zero-rated

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