Accounting terms definitions

Understanding the world of finance can be complex, with many terms, phrases, and jargon that can be difficult to parse through. To help, we put together this glossary of accounting terms. This glossary contains commonly used terms you’ll encounter, along with straightforward definitions. This can be an invaluable resource for finance teams, startup founders, SMBs, and more.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Accelerated Depreciation

Account Payable

Account Receivable

Accountant's Report

Accounting Change

Accounting Principles Board (APB)

Accumulated Depreciation

Additional Paid in Capital

Adverse Opinion

Affiliated Company

Analytical Procedures

Audit Engagement

Auditor's Report

Capitalized Cost

Capitalized Interest

Certified Financial Planner (CFP)

Certified Fraud Examiner (CFE)

Certified Internal Auditor (CIA)

Certified Management Accountant (CMA)

Combined Financial Statement

Comparative Financial Statement

Compensatory Balance

Consolidated Financial Statements

Cost Accounting

Credit Agreement

Current Liability

Double-Entry Bookkeeping

External Reporting

Fair Market Value

Financial Accounting Standards Board (FASB)

Financial Statements

Forensic Accounting

Fund Accounting

Income Statement

Income Tax Basis

Internal Control

Internal Revenue Service (IRS)

Products

Solutions

Platform

Customer Stories

Partners

Accountants

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