Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate and Tax Words

By Michele Cagan; P.T. Shank | Go to book overview

ACCOUNTING

Accountant’s opinion

A formal statement prepared by an independent certified public accountant (CPA) that spells out his judgment about the veracity and completeness of a set of financial statements prepared by company. When he believes those statements to be materially complete and accurate, his judgment will be “unqualified.” A “qualified” judgment indicates that the statements may not be reliable sources of information, and that potential investors should beware.

See also: Annual report, CPA, Financial statements

Pete needed anaccountant’s opinionbefore the bank would even consider his request for a business loan.


Accounts payable (AP)

Short-term liabilities incurred by a business when it buys on credit from suppliers. Often associated with inventory purchases.

See also: Balance sheet, Liabilities

The flight school’s bookkeeper kept track of theaccounts payableto ensure the
school stayed in good standing with their vendors
.


Accounts receivable (AR)

An asset held by a business that measures the money still owed to them for their credit sales, but AR does not include credit card sales, unless the card is issued by that business, for instance, a department store card.

See also: Asset

Theaccounts receivableoffice kept track of who owed the company money.


Accrual

An accounting term used to describe revenue or expenses recognized although no cash has yet changed hands (for example, interest earned but not yet received).

See also: Accounts payable, Accounts receivable

The bookkeeper accounted for all theaccrualsat the end of the period so the
company’s books would be accurate when the tax accountant arrived
.

-2-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate and Tax Words
Settings

Settings

Typeface
Text size Smaller Larger
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 245

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.