Financial Accounting Terms
From How To Keep Score in Business
Copyright © by Robert Follett
The biggest problem most people have with an unfamiliar area is the jargon. Professionals overwhelm the amateurs with confusing words and phrases. The following pages will give you practical definitions of over 100 important terms used in financial accounting. If you have some grasp of these words and phrases you will be able to deal more effectively with financial people and their reports.
Use this glossary when you need to interpret memos, bulletins, reports, articles, and presentations by accountants, financial analysts, bankers, and so on. If you have a good grasp of the jargon you will be amazed at how well you can hold your own in discussions. Knowing the accounting vocabulary is an important factor in management success.
Glossary
Account -- a record of financial transactions; usually ...