a

a/c
ABC
ABC inventory system
abnormal spoilage
absorption costing
accelerated depreciation
account
accounting cycle
accounting department
accounting equation*
accounting net income flows
accounting principles*
Accounting Principles Board (APB)
accounting rate of return
Accounting Research Bulletin (ARB)
accounts payable*
accounts receivable
accounts receivable - net
accounts receivable turnover ratio
accounts written of
accrual basis of accounting
accrual method of accounting
accrual-type adjusting entry
accruals
accrue
accrued expense
accrued expenses payable
accrued liability
accrued payroll
accrued rent
accrued rent expense
accrued rent income
accrued rent liability
accrued rent receivable
accrued revenue
accrued vacation
accrued vacation liability
accrued vacation pay
accumulated deficit
accumulated depletion
accumulated depreciation
accumulated depreciation - buildings
accumulated depreciation - equipment
accumulated depreciation - land improvements

accumulated other comprehensive income

acid test ratio
activity-based costing (ABC)
activity-based management
actual costing
actual overhead
adjunct account
adjusted trial balance
adjusting entries*
administrative expenses
advance from customer
advance to employee
advertising expense
after-tax
after-tax cost of debt
aging of accounts payable
aging of accounts receivable
AICPA
allocate
allocated
allocation
allowance for doubtful accounts
allowance for uncollectible accounts
allowance method for bad debts expense
allowance to reduce inventory to LCM
American Institute of Certified Public Accountants (AICPA)
amortization
amortization expense
amortization of bond discount
amortization of bond issue costs
amortization of bond premium
amortization of intangible assets
amortization schedule
annuity
annuity due
annuity in advance
annuity in arrears
APB
applied overhead
apportionment
appraisal
appraisal report
appropriated retained earnings
ARB
arm's length transaction

arrears
articles of incorporation
asset turnover ratio
assets
assign
assigned accounts receivable
assignee
assignor
audited financial statements
auditor's report
authorized number of shares of stock
average accounts receivable
average collection period
average cost of inventory
average inventory
b
bad debts expense
balance per bank
balance per books
balance sheet*
balance sheet account
bank balance
bank errors
bank overdraft
bank rec
bank reconciliation*
bank service charge expense
bank statement
bank statement reconciliation
basic accounting equation
basis point
batch size
batch-level activities
batch-level cost
bearer bond
Big Four
bill
bill of materials
bill payable
biweekly
blank rec
blue-collar worker
board of directors
board-designated restriction
boards of accountancy

BOM
bond
bond call price
bond coupon rate
bond discount
bond indenture
bond interest expense
bond interest rate
bond issue cost expense
bond issue costs
bond premium
bond sinking fund
bonds payable*
book balance
book depreciation
book of original entry
book value
book value of a company
book value of an asset
book value per share of stock
bookkeeper
bookkeeping*
books
borrow
borrower
bottom line
bounced check
break-even analysis
break-even point*
budget
budget variance
budgetary slack
budgeted balance sheet
budgeted capacity
budgeted income statement
buildings
burden rate
bx
byproduct
call premium
call price
callable bond
callable preferred stock
capital
capital budgeting

capital expenditures
capital lease
capital maintenance approach in determining net income
capital maintenance approach to net income
capital market
capital stock
capitalize
carrying amount
carrying cost of inventory
carrying value
cash
cash account
cash and cash equivalents
cash basis of accounting
cash discount
cash flow
cash flow net of tax
cash flow statement*
cash from financing activities
cash from operating activities
cash method of accounting
cash realizable value
cash receipt
cash receipts journal
cash short and over
cash surrender value (CSV)
cashier's check
CD
ceiling
CEO
certificate of deposit
certified management accountant
certified public accountant
CFO
change in accounting estimate
change in accounting principle
change in net assets
chart of accounts*
check printing charges
checkbook
checking account
cheque
chief executive officer (CEO)
chief financial officer (CFO)
chief operating officer (COO)

Circular E
classified balance sheet
clear
cleared
clearing account
closely-held corporation
closing entries
CMA Exam
coefficient of correlation
coefficient of determination
COGS
collection period
commissions expense
commitments
common costs
common stock
common stock account
common stock dividend distributable
common-size balance sheet
common-size financial statement
common-size income statement
comparability
comparative balance sheet
comparative financial statements
comparative income statement
compensated absences
compensating balances
compilation
compiled financial statements
compound interest
compound journal entry
compounding of interest
comprehensive income
comptroller
conceptual framework
condensed balance sheet
condensed financial statements
condensed income statement
conformity rule
conservatism
consigned goods
consignee
consignment
consignor
consistency

consistent
consolidated financial statements
constant-dollar
constraints
construction work-in-progress
consumer price index
contingent gain
contingent liability
contingent loss
continuing operations
continuous budget
contra account
contra asset account
contra equity account
contra expense account
contra inventory account
contra liability account
contra owner's equity account
contra revenues account
contractual interest rate
contributed capital
contribution approach income statement
contribution margin
contribution margin per unit
contribution margin ratio
contributions
control account
controller
controller's cushion
controller's reserve
conversion costs
convertible bond
convertible preferred stock
COO
copyright
corporation
correcting entry
correlation
COS
cost
cost accounting
cost behavior
cost center
cost flow assumption
cost method of recording treasury stock

cost object
cost of capital
cost of carrying inventory
cost of goods available for sale
cost of goods purchased
cost of goods sold
cost of products sold
cost of sales
cost principle
cost ratio
cost-volume-profit (CVP)
coupon bond
CPA
CPA Exam
cr.
credit (as in debit and credit)
credit (as in debt, not cash)
credit balance
credit line
credit memo
credit memorandum
credit sales
credit terms
creditor
crossfoot
CSV
cumulative efect of a change in accounting principle
cumulative preferred stock
current assets
current liabilities
current maturity of long-term debt
current portion of long-term debt
current ratio
current value
current year's net income
customer deposits
CVP
cycle counting
days' sales in accounts receivable
days' sales in inventory
DCF
death spiral
debenture bond
debit (as in debit and credit)
debit balance

debit card
debit memorandum
debt extinguishment
debt financing
debt issue costs
debt ratio
debt service
debt to equity ratio
debt to total asset ratio
debtor
decentralization
declaration date
declining-balance method of depreciation
deferral
deferral-type adjusting entry
deferred asset
deferred charge
deferred debits
deferred expense
deferred income taxes
deferred revenues
deficit
defined benefit pension plan
defined contribution pension plan
delivery equipment
delivery expense
demand deposits
departmental overhead rate
dependent variable
depletion
depletion expense
depositor
deposits
deposits in transit
depreciable cost
depreciated
depreciation*
depreciation - accelerated
depreciation - double declining balance
depreciation - straight line
depreciation - sum of the years' digits
depreciation expense
depreciation expense: equipment
depreciation methods
diferential cost

diferential revenue
direct allocation method
direct cost
direct costing
direct labor efficiency variance
direct labor price variance
direct labor quantity variance
direct labor rate variance
direct labor usage variance
direct materials
direct materials efficiency variance
direct materials inventory
direct materials price variance
direct materials quantity variance
direct materials usage variance
direct method
direct write-of method
disclosure
discontinued operations
discount on bonds payable
discount on notes payable
discount on notes receivable
discount rate
discounted cash flow model
discounted cash flow technique
disposal of fixed assets
dividend
dividend declaration date
dividend payment date
dividend payout ratio
dividend yield
dividends declared
dividends in arrears
dividends payable
divisions
dollar-value LIFO retail method
dollar-value retail method
donated capital
donor
donor restriction
donor-imposed condition
donor-imposed restriction
double-declining balance method of depreciation
double-entry accounting
downward demand spiral

dr.
draw
drawing account
dues
duplicate payment
e.g.
early payment discount
earned
earnings per share (EPS)
earnings quality
EBITDA
economic entity assumption
economic life
economic lot size
economic order quantity (EOQ) model
efective interest rate
efective interest rate method of amortization
efficiency variance
EFT
eighty/twenty rule
electronic funds transfer (EFT)
employee fringe benefits
employer payroll taxes
Employer's Tax Guide
endowment
endowment fund
entity as a whole
EOM
EOQ
EPS
equipment
equipment rental expense
equity
equity financing
equity section of the balance sheet
equivalent units
equivalent units of production
escrow
estimates
estimating inventory
ex-dividend
exchange of dissimilar nonmonetary assets
exchange of similar nonmonetary assets
exempt employee
expanded accounting equation

expected value
expenditure
expenses
expenses and losses
expenses by function
expired costs
exploding the bills of materials
extension or extend
external financial reporting
external reporting
extinguishment of debt
extraordinary item - gain
extraordinary items
extraordinary loss
extraordinary repair
401(k) expense: delivery
401(k) expense: selling & admin
401(k) expense: warehouse
401(k) payable
501(c)(3)
factoring accounts receivable
factory burden
factory overhead
FAF
fair market value
FAS
FASB
FASB interpretation
FASB pronouncements
FASB Statement 116
FASB Statement 117
FASB statements of financial accounting concepts
FASB statements of financial accounting standards
favorable variance
federal income tax withholdings payable
Federal Insurance Contributions Act (FICA)
federal unemployment tax
fees earned
FEI
FG Inventory
FICA
FICA expense: delivery
FICA expense: selling & admin
FICA expense: warehouse
FICA tax payable

FIFO
FIFO cost flow assumption
financial accounting*
Financial Accounting Foundation (FAF)
Financial Accounting Standards Board (FASB)
financial leverage
financial ratios*
financial reporting
financial statement analysis
financial statements
financial statements of nonprofits
financing activities
finished goods inventory
first in, first out (FIFO)
first in, still here (FISH)
fiscal year
FISH
fixed assets
fixed costs
fixed expenses
fixed manufacturing overhead applied
fixed manufacturing overhead budget variance
fixed manufacturing overhead incurred
fixed manufacturing overhead volume variance
fixed overhead budget variance
fixed overhead spending variance
fixed rate loan
flexible budget
float
floor
flow-through contributions
FOB
FOB destination
FOB shipping point
foot
footnotes
for-profit organization
Form 10-K
Form 990
free cash flow
free cash flow per share
free on board (FOB)
freight-in
freight-out
fringe benefit rate

fringe benefits
full costing
full disclosure principle
fully depreciated
functional and natural matrix
functional basis
functional expense classification
fundraising expenses
funds flow statement
furniture and fixtures
FUTA
future value of 1 table
future value of an annuity due
future value of an ordinary annuity
GAAP
gain contingency
gain on retirement of bonds
gain on sale of assets
gain on sale of automobile
gain on sale of equipment
gain on sale of investments
gain on sale of land
gain on sale of truck
gain or loss on the sale of a long-term asset
gains
garnishment
garnishment payable
general journal
general journal entry
general ledger
general ledger account
generally accepted accounting principles (GAAP)
going concern assumption
good output
goods in transit
goodwill
gross
gross margin
gross profit
gross profit method of estimating inventory
gross profit percentage
gross profit ratio
gross salaries
gross sales
gross wages

health insurance expense: delivery

health insurance expense: selling & admin
health insurance expense: warehouse
held-to-maturity securities
high-low method
historical cost
holding costs
holding gain
holding loss
holiday, vacation, sick days expense: delivery
holiday, vacation, sick days expense: warehouse
holiday, vacation, sick days payable
horizontal analysis
hurdle rate
IASB
IFRS
illusory profits
IMA
impairment
impairment of long-lived assets
implicit interest rate
imprest amount
imputed interest
in-kind
in-process inventory
income
income from operations
income statement*
income statement account
income summary account
income tax code
income tax depreciation
income tax expense
income taxes payable
incremental cost
incremental income tax rate
incremental revenue
incurred
indenture
independent contractor
independent variable
indirect cost
indirect factory costs
indirect labor
indirect manufacturing costs

indirect materials
indirect method of SCF
industry practices
inelastic demand
information
insolvent
Institute of Management Accountants
insurance
insurance expense
intangible assets
interest earned
interest expense
interest income
interest payable
interest receivable
interest revenues
interim financial statement
internal rate of return
Internal Revenue Service (IRS)
International Accounting Standards Board (IASB)
International Financial Reporting Standards (IFRS)
interperiod tax allocation
interpretations
intraperiod tax allocations
inventoriable cost
inventory
inventory carrying costs
inventory conformity rule
inventory cost flow assumption
inventory extension
inventory holding costs
inventory shrinkage
inventory turnover ratio
inventory valuation
inventory: FG
inventory: finished goods (FG)
inventory: materials
inventory: WIP
inventory: work-in-process (WIP)
investing activities
investment centers
investment in another company
investment revenues
investment securities
investments

invoice
IRR
IRS
IRS Publication 15
J. Ott, Capital
J. Ott, Drawing
JIT
job cost record
job costing
job order cost sheet
job order costing
job order system
joint cost
joint product
journal
journal entry
journalize
just-in-time (JIT)
labor efficiency variance
labor rate variance
labor variances
land
land improvements
landlord
last in, first out (LIFO)
lawsuit payable
LCM
lead time
leader
learning curve
lease
leaseback
leasehold improvements
least-squares regression method
ledger
legal capital
lend
lender
lessee
lessor
letter of credit
leverage
liabilities
lien
LIFO

LIFO conformity rule

LIFO liquidation of layer
LIFO reserve
limited liability company
line of credit
linear programming
liquidation of LIFO layer
liquidity
liquidity ratios
LLC
loan amortization schedule
loans receivable
lock-box system
long-lived assets
long-term assets
long-term investments
long-term liabilities
loss
loss contingency
loss from labor strike
loss from lawsuit
loss from reducing inventory to LCM
loss on sale of assets
loss on sale of computer
loss on sale of equipment
loss on sale of land
loss on sale of truck
losses
lost opportunity
lower of cost or market*
M
m
major repairs
make or buy decision
management accounting
management and general expenses
management's discussion and analysis
managerial accounting
manual system
manufacturing cell
manufacturing costs
manufacturing overhead*
manufacturing support costs
margin of safety
marginal cost

marginal revenue
markdown
markdown cancellation
market interest rate
market share
marketable debt securities
marketable equity securities
marketable securities
markup
markup cancellation
Mary Smith, Capital
Mary Smith, Drawing
matching principle
materiality
materials inventory
materials price variance
materials quantity variance
materials usage variance
matrix format
Matt Jones, Capital
Matt Jones, Current year net income
Medicare tax
membership dues
memo entry
merchandise
merchandise in transit
merchandise inventory
merchandiser
MICR
mid-month convention
mid-year convention
MIS
miscellaneous expense
mixed costs
mixed expenses
MM
mm
monetary asset
monetary unit assumption
money market account
mortgage
mortgage bond
mortgage loan
mortgage loan payable
mortgage loan receivable

moving average
multicollinearity
multiple regression analysis
multiple-step income statement
NAA
National Association of Accountants (NAA)
natural basis
natural business year
natural expense classification
natural resources
negative owner's equity
net
net assets
net book value
net carrying amount
net cash flow from financing activities
net cash flow from investing activities
net cash flow from operating activities
net credit sales
net current assets
net income
net income available for common stock
net loss
net method of recording accounts payable
net of tax
net operating income (NOI)
net pay
net payroll payable
net present value
net purchases
net realizable value
net sales
net working capital
next-in, first-out cost flow assumption
NIFO
no-par value stock
NOI
nominal account
nominal interest rate
noncash expense
noncumulative preferred stock
noncurrent assets
noncurrent liabilities
nonexempt employee
nonmanufacturing overhead cost

nonmonetary asset
nonoperating expense
nonoperating income/revenue
nonparticipating
nonprofit organization
nontrade receivables
normal account balance
normal costing
normal operating activities
normal spoilage
not sufficient funds (NSF) check
not-for-profit organization
notes payable
notes receivable
notes to financial statements
NPV
NRV
NSF check
OASDI
objectives of financial reporting
objectivity
obsolescence
OEM
of balance sheet financing
office equipment
office equipment expense
office supplies expense
officers
old-age, survivor, and disability insurance (OASDI)
omitted dividends on preferred stock
on account
on consignment
on credit
operating activities
operating cycle
operating expenses
operating income
operating lease
operating loss
opportunity cost
order costs
ordinary annuity
ordinary repairs
organic growth
organization as a whole

organization chart
organization-sustaining activities
other accrued expenses payable
other assets
other current assets
other current liabilities
outlier
output
outside supplier
outsourcing
outstanding checks
outstanding shares of common stock
overabsorbed
overapplied overhead costs
overdraws
overhead application
overhead costs
overhead variances
overstates
overtime pay
overtime premium
owner's (stockholders') equity
owner's capital account
owner's capital account - beg of year
owner's drawing account
owner's equity accounts
P&L
p.o.
Pacioli
paid sick days
paid vacation days
paid-in capital
paid-in capital from treasury stock
paid-in capital in excess of par value
paid-in capital in excess of par value - common stock
paid-in capital in excess of par value - preferred stock
paid-in capital in excess of stated value - common stock
par value
par value of bonds
par value of common stock
par value of preferred stock
participating preferred stock
partnership
pass-through contributions
past cost

payable
payback
payback period
payee
payroll accrual
payroll tax liability
payroll taxes
payroll taxes payable
payroll withholdings
PCAOB
pension expense
pension payable
period cost
periodic average
periodic FIFO
periodic LIFO
periodic system of inventory
periodicity
permanent accounts
permanent restriction
permanently restricted net assets
perpetual average
perpetual FIFO
perpetual inventory
perpetual inventory method
perpetual LIFO
perpetual system of inventory
PERT
petty cash
petty cash receipt
petty cash replenishment
petty cash voucher
phantom profits
physical count
physical inventory
physical life
plant assets
plant-wide overhead rate
pledged asset
POP
POS
post balance sheet event
post-closing trial balance
postdated check
posting

postretirement benefits
predetermined overhead rate
preferred stock
preferred stock $100 par
preferred stock account
premium on bonds payable
premium on common stock
premium on preferred stock
prepaid advertising
prepaid asset
prepaid association dues
prepaid dues
prepaid expense
prepaid insurance
prepaid rent
prepayment-type adjusting entry
present value
present value factors
present value model
present value of 1 table
present value of a single amount*
present value of an annuity
present value of an annuity due
present value of an annuity due table
present value of an ordinary annuity*
present value of an ordinary annuity table
present value table
price earnings ratio
price variance
primary activities
prime costs
principal
principal payment
principles and guidelines
prior period adjustment
pro forma financial statement
pro forma income
pro rata
proceeds
process costing system
procurement
product cost
product warranty cost
production costs
production department

production service department

production volume variance
profit and loss statement
profit center
profit margin
profitability
program evaluation and review technique (PERT)
program expenses
program services
promissory note
property dividend
property, plant, and equipment
proprietor
proprietorship
prorate
provision for doubtful accounts
public companies
Public Company Accounting Oversight Board (PCAOB)
Publication 15
publicly traded stock
purchase allowance
purchase commitments
purchase discount
purchase order
purchase return
purchases
purchases - net
purchases discounts
purchases returns and allowances
purpose restriction
PV
qualitative characteristics
quality of earnings
quantity variance
quarterly earnings
quick assets
quick ratio
QuickBooks
r
R&D
r squared
R. Smith, Capital at Beginning of Year
R. Smith, Current Year Net Income
R. Smith, Drawing
ratio analysis

raw materials inventory

real account
receipts
receiving report
reciprocal method
reciprocal services
reconciliation of bank statement
record date
redemption of bonds payable
regression analysis
regression line
relative sales value method of allocating cost
released from restrictions
relevance
relevant cost
relevant range
reliability
reliable
rent expense
rent revenue/income
reorder point
repairs
repairs and maintenance expense
replacement cost
replenish
replenishing petty cash
required rate of return
research and development costs
residual
residual income (RI)
residual value
restricted accounts
restricted cash
restricted retained earnings
restricted support
retail method of estimating inventory
retained earnings
retained earnings statement
retirement of assets
retirement of bonds
return on average common stockholders' equity
return on capital employed
return on investment (ROI)
return on stockholders' equity
returned check

revenue expenditure
revenue recognition principle
revenues
revenues and gains
revenues from service charges
reversing entry
revision of depreciation estimates
RI
Robert Morgan, Capital
ROCE
ROI
rolling budget
rolling horizon budget
root cause
rubber check
rule of 72
safety stock
salaried employee
salaries expense
salaries expense: delivery department
salaries expense: selling & admin department
salaries payable
salary
salary and fringes
sales
sales allowance
sales commissions expense
sales discounts
sales forecast
sales journal
sales mix
sales returns
sales returns and allowances
sales revenues
salvage value of fixed assets
scattergraph
SCF
SEC
secondary activities
secured bond
secured creditor
secured loan
Securities and Exchange Commission
segregation of duties
self insurance

self-employed
selling and administrative expense
selling expenses
selling, general and administrative expenses
semimonthly
semivariable costs
semivariable expenses
separation of duties
serial bond
service charge revenues
service department
service mark
service revenues
setup cost
setup time
SFAS
SG&A
shareholder
shareholders' equity
short-term asset
short-term liability
shrinkage
simple journal entry
simple regression
single payment
single-step income statement
sinking fund
slope of cost line
Social Security taxes
sold
sole practitioner
sole proprietorship
source document
special journals
spending variance
split-of point
spoilage
spot price
stage 1 allocation
stage 2 allocation
stakeholder
standard cost
standard cost per unit of input
standard cost per unit of product
standard cost system

standard cost variances

standard costing*
state boards of accountancy
state income tax withholdings payable
state unemployment tax
statement of activities
statement of cash flows
statement of financial accounting standards
statement of financial position
statement of functional expenses
statement of income
statement of operations
statement of retained earnings
statement of stockholders' equity
static budget
stock certificate
stock dividend
stock option
stock split
stockholder
stockholders' equity
stop payment order
stores
straight-line method of amortization
straight-line method of depreciation
Subchapter S corporation
subsequent event
subsidiary accounts
subsidiary ledger
sum-of-the-years' digits (SYD) method of depreciation
sunk cost
supplier
supplier invoice
supplies
supplies expense
supplies on hand
supporting services expenses
surrender value
suspense account
SYD depreciation method
systematic expensing
COS
T-account
take-home pay
tangible constructed asset

target interest rate

tax depreciation
tax-exempt
taxes payable
telephone expense
temporarily restricted net assets
temporary accounts
temporary help expense
temporary investments
temporary marketable securities
temporary restriction
temporary service expense
term bonds
term insurance
the supplier of goods and services
three-way match
time deposits
time period assumption
time restriction
time value of money
time-and-a-half
times interest earned
timing diferences
Tony Mandella, Capital
trade accounts payable
trade accounts receivable
trade discount
trade names
trade payables
trade receivables
trade-in of similar asset
trademark
traditional costing
transaction approach to determining net income
transfer price
transferred-in cost
transfers from temporarily restricted net assets
transportation-in
transportation-out
treasury bills
treasury stock
trend analysis
trial balance
triple net lease
turnover

turnover ratios
U.S. treasury bills
U.S. treasury bonds
U.S. treasury notes
UBIT
unadjusted trial balance
unamortized bond discount
unamortized bond premium
unappropriated retained earnings
uncleared check
uncleared cheque
uncollected funds
uncollectible accounts expense
undeposited checks
underabsorbed
underapplied manufacturing overhead
underlying principles/guidelines
understates
underwriter
undiscounted future cash flows
unearned premium revenue
unearned revenue(s)
unemployment compensation tax
unemployment tax expense: warehouse
unemployment tax payable
unfavorable variance
Uniform CPA Exam
United Way payable
units of activity method of depreciation
units of production method of depreciation
unleared cheque
unpaid principal balance
unpresented check
unqualified opinion
unrealized holding gain
unrealized holding loss
unrelated business income tax
unrestricted contribution
unrestricted net assets
unsecured bond
unsecured creditor
unsecured loan
unusual but not extraordinary item
US GAAP
usage variance

useful life
utilities expense
utilities payable
vacation pay
vacation pay expense
vacation pay payable
valuation account
value billing
variable cost
variable cost rate
variable cost ratio
variable costing
variable expenses
variable manufacturing overhead applied
variable manufacturing overhead cost
variable manufacturing overhead efficiency variance
variable manufacturing overhead incurred
variable manufacturing overhead spending variance
variable overhead efficiency variance
variable overhead spending variance
variance
variance analysis
variance reports
vehicles
vendor
vendor invoice
vendors
vertical analysis
volume
volume variance
volume-based allocation
wages
wages expense
wages expense: delivery department
wages expense: warehouse department
wages payable
warranties
warranty expense
warranty liability
warranty payable
weighted-average accumulated expenditures on self-constructed assets
weighted-average cost flow assumption
weighted-average cost of capital
weighted-average number of shares of stock outstanding
white-collar worker

whole life insurance

window dressing
WIP
withdrawals by owner
withholdings
work-in-process inventory
work-in-progress
worker compensation insurance
worker compensation insurance expense
worker compensation insurance payable
working capital
working capital ratio
write-down
write-of
write-up
write-up work