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| − | [[Labor distribution report]] is a report issued by the payroll department to categorize all the types of labor incurred during the week. | + | [[Net income]] (alternatively known as [[net profit]]; hereinafter, the ''Result'') is the financial result of [[operations]] when [[Fiscal Revenue|revenue]] totals more than [[expenses]]. The ''Result'' can also be calculated while taking [[expenses]] away from the [[gross profit]] (or [[gross loss|loss]]). |
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| | ==Definitions== | | ==Definitions== |
| | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], |
| − | :[[Labor distribution report]]. A report issued by the payroll department to categorize all the types of labor incurred during the week. | + | :[[Net income]]. The financial result of [[operations]] when [[Fiscal Revenue|revenue]] totals more than [[expenses]]. |
| | + | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], |
| | + | :[[Net income]]. Operating income plus nonoperating revenues (such as interest revenue) minus nonoperating costs (such as interest cost) minus income taxes. |
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| | ==Related concepts== | | ==Related concepts== |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]]. | + | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. |
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| − | ==Related coursework== | + | ==Related lectures== |
| − | *[[Principles of Accounting]]. | + | *[[Bookkeeping Quarter]]. |
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| − | [[Category: Accounting]][[Category: Articles]] | + | [[Category: Septem Artes Administrativi]][[Category: Articles]][[Category: Accounting]] |
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| − | [[Bill of lading]] is a formal document issued to the carrier of the finished product. It is the basis for charging the cost of goods sold.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Bill of lading]]. A formal document issued to the carrier of the finished product. It is the basis for charging the cost of goods sold.
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| − | | |
| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Principles of Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Return on common stockholders' equity ratio]] is a profitability ratio that indicates how well a company is managing debt financing to earn a profit for holders of common stock.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Return on common stockholders' equity ratio]]. A profitability ratio that indicates how well a company is managing debt financing to earn a profit for holders of common stock.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Corporation]] is a business organization that is both a legal and accounting entity.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Corporation]]. Business organization that is both a legal and accounting entity.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Incorporator]] is a person responsible for getting the corporation formed.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Incorporator]]. A person responsible for getting the corporation formed.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Articles of incorporation]] is the document submitted by incorporators when applying for a charter.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Articles of incorporation]]. Document submitted by incorporators when applying for a charter.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Charter]] is a document issued to a corporation by the state that includes certificate of incorporation along with articles of incorporation.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Charter]]. Document issued to a corporation by the state that includes certificate of incorporation along with articles of incorporation.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Certificate of incorporation]] is a document granted by the state authorizing the creation of a corporation.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Certificate of incorporation]]. Document granted by the state authorizing the creation of a corporation.
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| − | | |
| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Stockholder]] is an owner of the stock of the corporation.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Stockholder]]. An owner of the stock of the corporation.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Corporate director]] is an officer elected by stockholders to represent the company and establish policies for the company.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Corporate director]]. An officer elected by stockholders to represent the company and establish policies for the company.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Minute book]] is the book that records meetings of the board of directors or stockholders.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Minute book]]. Book that records meetings of the board of directors or stockholders.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Limited liability]] is freedom of stockholders from personal liability for the debts of the corporation.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Limited liability]]. Freedom of stockholders from personal liability for the debts of the corporation.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Stock certificate]] is a formal document issued to investors in a corporation that shows the number of shares purchased.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Stock certificate]]. Formal document issued to investors in a corporation that shows the number of shares purchased.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Paid-In Capital]] is a section of stockholders' equity representing what stockholders have invested into the corporation.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Paid-In Capital]]. Section of stockholders' equity representing what stockholders have invested into the corporation.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Retained Earnings]] are accumulated profits of a corporation that have been kept in the business and not paid out as dividends. [[Retained Earnings]] is part of stockholders' equity.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Retained Earnings]]. Accumulated profits of a corporation that have been kept in the business and not paid out as dividends. [[Retained Earnings]] is part of stockholders' equity.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Capital stock]] is classes of stock that represent the fractional elements of ownership of a corporation.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Capital stock]]. Classes of stock that represent the fractional elements of ownership of a corporation.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Authorized capital stock]] is the number of shares of capital stock (common and preferred) that a corporation can sell.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Authorized capital stock]]. The number of shares of capital stock (common and preferred) that a corporation can sell.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Issued capital stock]] is stock that the corporation issues for assets or services contributed by the stockholders.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Issued capital stock]]. Stock that the corporation issues for assets or services contributed by the stockholders.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Outstanding capital stock]] is stock that is held and owned by stockholders. Common stock Part of paid-in capital representing the basic ownership equity of the corporation. If the corporation has only one class of stock, it will be common stock.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Outstanding capital stock]]. Stock that is held and owned by stockholders. Common stock Part of paid-in capital representing the basic ownership equity of the corporation. If the corporation has only one class of stock, it will be common stock.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Preemptive right]] is the right of the stockholder to purchase additional shares of stock to maintain a proportionate interest when the corporation issues additional stock.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Preemptive right]]. The right of the stockholder to purchase additional shares of stock to maintain a proportionate interest when the corporation issues additional stock.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Preferred stock]] is class of capital stock that has preference to a corporation's profits and assets.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Preferred stock]]. Class of capital stock that has preference to a corporation's profits and assets.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Dividend]] is cash, other assets, or shares of stock that a corporation issues to the stockholders.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Dividend]]. Cash, other assets, or shares of stock that a corporation issues to the stockholders.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Cumulative preferred stock]] is stock that entitles its holders to any undeclared dividends that have accumulated before common stockholders receive their dividends.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Cumulative preferred stock]]. Stock that entitles its holders to any undeclared dividends that have accumulated before common stockholders receive their dividends.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Dividends in arrears]] are the dividends owed to cumulative preferred stockholders that must be paid before common stockholders can receive their dividends.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
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| − | :[[Dividends in arrears]]. Dividends owed to cumulative preferred stockholders that must be paid before common stockholders can receive their dividends.
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| − | ==Related concepts==
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| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
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| − | | |
| − | ==Related coursework==
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| − | *[[Corporate Accounting]].
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| − | [[Category: Accounting]][[Category: Articles]]
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| − | [[Noncumulative preferred stock]] is preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared. *[[Nonparticipating preferred stock]]. Preferred stock that entitles its holders only to a certain percentage of dividend, the remainder going to holders of common stock.
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| − | ==Definitions==
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| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Noncumulative preferred stock]]. Preferred stock that does not entitle its holders to a dividend for any year in which a dividend is not declared. *[[Nonparticipating preferred stock]]. Preferred stock that entitles its holders only to a certain percentage of dividend, the remainder going to holders of common stock.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Participating preferred stock]] is stock that entitles its holders not only to a fixed dividend but also to an opportunity to share in additional dividends with common stockholders.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Participating preferred stock]]. Stock that entitles its holders not only to a fixed dividend but also to an opportunity to share in additional dividends with common stockholders.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Par value]] is an arbitrary value that is placed on each share of stock. [[Par value]] represents legal capital and not market value.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Par value]]. An arbitrary value that is placed on each share of stock. [[Par value]] represents legal capital and not market value.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Legal capital]] is minimum amount of capital that a corporation must leave in the company (cannot be withdrawn by stockholders) for the protection of the creditors.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Legal capital]]. Minimum amount of capital that a corporation must leave in the company (cannot be withdrawn by stockholders) for the protection of the creditors.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[No-par stock]] is stock with no par value. A stated value could be placed on it.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[No-par stock]]. Stock with no par value. A stated value could be placed on it.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Stated value]] is arbitrary value placed by the board of directors on each share of no-par stock to fulfill legal capital requirements.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Stated value]]. Arbitrary value placed by the board of directors on each share of no-par stock to fulfill legal capital requirements.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Premium]] is a term that records the sale of stock at more than par value. In this book we use the account Paid-In Capital in Excess of Par Value to record the premium received.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Premium]]. A term that records the sale of stock at more than par value. In this book we use the account Paid-In Capital in Excess of Par Value to record the premium received.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Common Paid-In Capital in Excess of Par Value]] is the difference between what stockholders invest and par value. This amount is not credited to the Common Stock account.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Common Paid-In Capital in Excess of Par Value]]. Difference between what stockholders invest and par value. This amount is not credited to the Common Stock account.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Discount on stock]] is the difference between the par value of the stock and an amount less than the par value that the stockholders have contributed. Discounts do not happen often.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Discount on stock]]. The difference between the par value of the stock and an amount less than the par value that the stockholders have contributed. Discounts do not happen often.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Common Paid-In Capital in Excess of Stated Value]] is the difference between what stockholders invest and the stated value placed on stock by the board of directors. This amount is not credited to the Common Stock account.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Common Paid-In Capital in Excess of Stated Value]]. Difference between what stockholders invest and the stated value placed on stock by the board of directors. This amount is not credited to the Common Stock account.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Organization cost]] is an intangible asset that records the initial cost of forming the corporation, such as legal and incorporating fees. Today, it is being expensed.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Organization cost]]. An intangible asset that records the initial cost of forming the corporation, such as legal and incorporating fees. Today, it is being expensed.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Stock subscription]] is a contractual agreement to buy a certain number of shares of stock from a corporation at a specific price.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Stock subscription]]. A contractual agreement to buy a certain number of shares of stock from a corporation at a specific price.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Common Stock Subscribed]] is a temporary stockholders’ equity account that records at par value stock that has been subscribed to but not fully paid for.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Common Stock Subscribed]]. Temporary stockholders’ equity account that records at par value stock that has been subscribed to but not fully paid for.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Common Stock Subscriptions Receivable]] is current asset on balance sheet that represents amount due on stock subscriptions.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Common Stock Subscriptions Receivable]]. Current asset on balance sheet that represents amount due on stock subscriptions.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Source-of-capital approach]] is method of preparing Paid-In Capital by listing classes of stockholder sources of capital. Legal capital approach Method of preparing Paid-In Capital by listing the legal section first.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Source-of-capital approach]]. Method of preparing Paid-In Capital by listing classes of stockholder sources of capital. Legal capital approach Method of preparing Paid-In Capital by listing the legal section first.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Redemption value]] is the price per share a corporation pays to redeem or retire capital stock.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Redemption value]]. The price per share a corporation pays to redeem or retire capital stock.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Market value]] is the price that a buyer pays to purchase shares of capital stock in the open market. Of course, for every buyer there is a seller.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Market value]]. The price that a buyer pays to purchase shares of capital stock in the open market. Of course, for every buyer there is a seller.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Book value per share]] is amount of net assets that a stockholder would receive on a per share basis, assuming no gain or loss on the sale of the assets.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Book value per share]]. Amount of net assets that a stockholder would receive on a per share basis, assuming no gain or loss on the sale of the assets.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Dividend]] is cash or other assets that a corporation distributes as earnings to stockholders.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Dividend]]. Cash or other assets that a corporation distributes as earnings to stockholders.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]] | |
| − | | |
| − | [[Date of declaration]] is the date upon which the board of directors of a corporation formally declares a dividend.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Date of declaration]]. The date upon which the board of directors of a corporation formally declares a dividend.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Dividend]] is payable liability showing amount of cash dividend owed.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Dividend]]. Payable Liability showing amount of cash dividend owed.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Date of record]] is the date of ownership that determines which stockholders will receive the dividend.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Date of record]]. The date of ownership that determines which stockholders will receive the dividend.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Date of payment]] is the date the dividend is paid. *[[Cash dividend]]. Dividend that is paid in cash.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Date of payment]]. The date the dividend is paid. *[[Cash dividend]]. Dividend that is paid in cash.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Stock dividend]] is stock that is distributed to stockholders instead of cash or other assets.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Stock dividend]]. Stock that is distributed to stockholders instead of cash or other assets.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Common Stock Dividend]] is distributable Stockholders' equity account that accumulates a stock dividend that has been declared but not yet issued and distributed.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Common Stock Dividend]]. Distributable Stockholders' equity account that accumulates a stock dividend that has been declared but not yet issued and distributed.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Stock split]] is issuing of additional shares of stock to stockholders; total par or stated value remains the same.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Stock split]]. Issuing of additional shares of stock to stockholders; total par or stated value remains the same.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Treasury stock]] is stock that has been issued but has been bought back by the corporation or received as a gift.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Treasury stock]]. Stock that has been issued but has been bought back by the corporation or received as a gift.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Paid-In Capital from Treasury Stock]] is stockholders' equity account that records amounts more or less than par value of treasury stock sold. The balance of this account can never be negative.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Paid-In Capital from Treasury Stock]]. Stockholders' equity account that records amounts more or less than par value of treasury stock sold. The balance of this account can never be negative.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Appropriated retained earnings]] ([[restricted retained earnings]]) is that portion of Retained Earnings that is not available for dividends.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Appropriated retained earnings]] ([[restricted retained earnings]]). That portion of Retained Earnings that is not available for dividends.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Statement of retained earnings]] is a financial report that reveals the changes in retained earnings for a particular period of time.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Statement of retained earnings]]. A financial report that reveals the changes in retained earnings for a particular period of time.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Prior period adjustment]] is correction made in the current year of a mistake made in previous years. The adjustment is updated on the statement of retained earnings.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Prior period adjustment]]. Correction made in the current year of a mistake made in previous years. The adjustment is updated on the statement of retained earnings.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Bond]] is an interest-bearing note payable usually in $1,000 denominations issued by a corporation to a large group of lenders.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Bond]]. An interest-bearing note payable usually in $1,000 denominations issued by a corporation to a large group of lenders.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Bond certificate]] is a piece of paper held by a bondholder showing evidence of a bond issued by a corporation to be payable on a specified date for a specific sum to the order of the person named in the bond certificate or to the bearer.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Bond certificate]]. A piece of paper held by a bondholder showing evidence of a bond issued by a corporation to be payable on a specified date for a specific sum to the order of the person named in the bond certificate or to the bearer.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Face value]] is the amount the corporation must repay to the bondholder at the maturity date.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Face value]]. The amount the corporation must repay to the bondholder at the maturity date.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Contract rate]] is rate of interest (based on face value) stated on bond certificate and bond indenture.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Contract rate]]. Rate of interest (based on face value) stated on bond certificate and bond indenture.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Bond indenture]] is a contract that spells out the provisions of the contract between the corporation and bondholder.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Bond indenture]]. A contract that spells out the provisions of the contract between the corporation and bondholder.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Trustee]] is an organization (usually a bank) or person who monitors a bond indenture for the protection of bondholders.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Trustee]]. Organization (usually a bank) or person who monitors a bond indenture for the protection of bondholders.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Secured bond]] is bond issued by a corporation that pledges specific assets as security to meet the terms of the bond agreement.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Secured bond]]. Bond issued by a corporation that pledges specific assets as security to meet the terms of the bond agreement.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Debenture bond]] is bond that is unsecured and is issued only on the general credit of a corporation.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Debenture bond]]. Bond that is unsecured and is issued only on the general credit of a corporation.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Serial bond]] is bond issued in a series, each one of which has a different maturity date and thus comes due at a different time.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Serial bond]]. Bond issued in a series, each one of which has a different maturity date and thus comes due at a different time.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Registered bond]] is bondholders of record are registered with the corporation, and interest checks are sent directly to them.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Registered bond]]. Bondholders of record are registered with the corporation, and interest checks are sent directly to them.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Callable bond]] is bond with a provision that it can be called in by the issuing corporation after a certain date.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Callable bond]]. Bond with a provision that it can be called in by the issuing corporation after a certain date.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Convertible bond]] is bondholders have the option of converting bonds into stock at a specified exchange rate.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Convertible bond]]. Bondholders have the option of converting bonds into stock at a specified exchange rate.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Effective rate]] is the real or actual rate of interest to the borrowing corporation.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Effective rate]]. The real or actual rate of interest to the borrowing corporation.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Carrying value]] ([[book value]]) is [[face value]] of bond less bond discount or plus bond premium.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Carrying value]] ([[book value]]). [[Face value]] of bond less bond discount or plus bond premium.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Discount on Bonds Payable]] is the account used when bonds are issued below face value; indicates market rate of interest is higher than contract rate. This account is a contra-liability account.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Discount on Bonds Payable]]. Account used when bonds are issued below face value; indicates market rate of interest is higher than contract rate. This account is a contra-liability account.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Amortization of discount on Bonds Payable]] ([[amortization of premium on Bonds Payable]]) is writing off the bond premium or discount as a decrease or increase to interest expense for each interest period.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Amortization of discount on Bonds Payable]] ([[amortization of premium on Bonds Payable]]). Writing off the bond premium or discount as a decrease or increase to interest expense for each interest period.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Straight-line method]] is a method recognizing equal amounts of interest expense for each period when amortizing a bond discount or premium.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Straight-line method]]. A method recognizing equal amounts of interest expense for each period when amortizing a bond discount or premium.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Premium on Bonds Payable]] is the account used when bonds are issued above face value; it indicates that market interest rate is below contract rate. This account is a liability account.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Premium on Bonds Payable]]. Account used when bonds are issued above face value; it indicates that market interest rate is below contract rate. This account is a liability account.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Interest method of amortization]]. The method that amortizes the premium or discount to record interest expense, being equal to the carrying value of the bond times the market rate times the time period. The interest expense is a constant percentage of the carrying value. The discount or premium to be amortized is the difference between the interest to be recorded and the interest paid to bondholders.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Interest method of amortization]]. This method amortizes the premium or discount to record interest expense, being equal to the carrying value of the bond times the market rate times the time period. The interest expense is a constant percentage of the carrying value. The discount or premium to be amortized is the difference between the interest to be recorded and the interest paid to bondholders.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Sinking fund]] is a fund that accumulates cash to pay off bonds when they are retired.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Sinking fund]]. A fund that accumulates cash to pay off bonds when they are retired.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Bond Sinking Fund Interest Earned]] is other revenue account used to record earnings on sinking fund balance.
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| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Bond Sinking Fund Interest Earned]]. Other revenue account used to record earnings on sinking fund balance.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Corporate Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Fair Labor Standards Act]] ([[Federal Wage and Hour Law]]) is a [[United States]] law that the majority of American employers must follow that contains rules stating the minimum hourly rate of pay and the maximum number of hours a worker will work before being paid time and a half for overtime hours worked. This law also has other rules and regulations that employers must follow for payroll purposes.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Fair Labor Standards Act]] ([[Federal Wage and Hour Law]]). A [[United States]] law that the majority of American employers must follow that contains rules stating the minimum hourly rate of pay and the maximum number of hours a worker will work before being paid time and a half for overtime hours worked. This law also has other rules and regulations that employers must follow for payroll purposes.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Interstate commerce]] is a test that is applied to determine whether an employer must follow the rules of the [[Fair Labor Standards Act]]. If an employer communicates or does business with another business in some other state, it is usually considered to be involved in [[interstate commerce]].
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Interstate commerce]]. A test that is applied to determine whether an employer must follow the rules of the [[Fair Labor Standards Act]]. If an employer communicates or does business with another business in some other state, it is usually considered to be involved in [[interstate commerce]].
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Form W-4]] ([[Employee's Withholding Allowance Certificate]]) is a form filled out by employees and used by employers to supply needed information about the number of allowances claimed, marital status, and so forth. The form is used for payroll purposes to determine federal income tax withholding from an employee's paycheck.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Form W-4]] ([[Employee's Withholding Allowance Certificate]]). A form filled out by employees and used by employers to supply needed information about the number of allowances claimed, marital status, and so forth. The form is used for payroll purposes to determine federal income tax withholding from an employee's paycheck.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Federal income tax withholding]] ([[FIT withholding]]) is amount of federal income tax withheld by the employer from the employee's gross pay; the amount withheld is determined by the employee's gross pay, the pay period, the number of allowances claimed by the employee on the [[Form W-4|W-4 form]], and the marital status indicated on the [[Form W-4|W-4 form]].
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Federal income tax withholding]] ([[FIT withholding]]). Amount of federal income tax withheld by the employer from the employee's gross pay; the amount withheld is determined by the employee's gross pay, the pay period, the number of allowances claimed by the employee on the [[Form W-4|W-4 form]], and the marital status indicated on the [[Form W-4|W-4 form]].
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Allowances]] (also known as [[exemptions]]) are certain dollar amounts of a person's income tax that will be considered nontaxable for income tax withholding purposes.
| |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Allowances]] (also known as [[exemptions]]). Certain dollar amounts of a person's income tax that will be considered nontaxable for income tax withholding purposes.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Wage bracket table]] is one of various charts in [[IRS Circular E]] that provide information about deductions for federal income tax based on earnings and data supplied on the W-4 form.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Wage bracket table]]. One of various charts in [[IRS Circular E]] that provide information about deductions for federal income tax based on earnings and data supplied on the W-4 form.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[IRS Circular E]] ([[Circular E]]) is an IRS tax publication of payroll procedures, including tax tables.
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| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[IRS Circular E]] ([[Circular E]]). An IRS tax publication of payroll procedures, including tax tables.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[State income tax withholding]] is amount of state income tax withheld by the employer from the employee's gross pay.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[State income tax withholding]]. Amount of state income tax withheld by the employer from the employee's gross pay.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[FICA]] ([[Federal Insurance Contributions Act]]) is part of the Social Security Act of 1935, this law taxes both the employer and employee up to a certain maximum rate and wage base for OASDI tax purposes. It also taxes both the employer and employee for Medicare purposes, but this tax has no wage base maximum.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[FICA]] ([[Federal Insurance Contributions Act]]). Part of the Social Security Act of 1935, this law taxes both the employer and employee up to a certain maximum rate and wage base for OASDI tax purposes. It also taxes both the employer and employee for Medicare purposes, but this tax has no wage base maximum.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Taxable earnings]] is a numerical value that shows amount of earnings subject to a tax. The tax itself is not shown.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Taxable earnings]]. A numerical value that shows amount of earnings subject to a tax. The tax itself is not shown.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Medical insurance]] is health care insurance for which premiums may be paid through a deduction from an employee's paycheck.
| |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Medical insurance]]. Health care insurance for which premiums may be paid through a deduction from an employee's paycheck.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Federal Unemployment Tax Act]] ([[FUTA]]) is a tax paid by employers to the federal government. The current rate is 0.6% on the first $7,000 of earnings of each employee after the normal FUTA tax credit is applied.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Federal Unemployment Tax Act]] ([[FUTA]]). A tax paid by employers to the federal government. The current rate is 0.6% on the first $7,000 of earnings of each employee after the normal FUTA tax credit is applied.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[State Unemployment Tax Act]] ([[SUTA]]) is a tax usually paid only by employers to the state for employee unemployment insurance.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[State Unemployment Tax Act]] ([[SUTA]]). A tax usually paid only by employers to the state for employee unemployment insurance.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Workers' compensation insurance]] is insurance purchased by most employers to protect their employees against losses due to injury or death while on the job.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Workers' compensation insurance]]. Insurance purchased by most employers to protect their employees against losses due to injury or death while on the job.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Payroll tax expense]] is the cost to employers that includes the total of the employer's FICA OASDI, FICA Medicare, FUTA, and SUTA taxes. Remember, the employer matches the employee contributions for OASDI and Medicare.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Payroll tax expense]]. The cost to employers that includes the total of the employer's FICA OASDI, FICA Medicare, FUTA, and SUTA taxes. Remember, the employer matches the employee contributions for OASDI and Medicare.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Employer identification number]] ([[EIN]]) is a number assigned by the IRS that is used by an employer when recording and paying payroll and income taxes.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Employer identification number]] ([[EIN]]). A number assigned by the IRS that is used by an employer when recording and paying payroll and income taxes.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Form SS-4]] is the form filled out by an employer to get an [[EIN]]. The form is sent to the IRS, which assigns the number to the business.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Form SS-4]]. The form filled out by an employer to get an [[EIN]]. The form is sent to the IRS, which assigns the number to the business.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Form 941 tax]] is another term used to describe FIT, OASDI, and Medicare. This name comes from the form used to report these taxes.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Form 941 tax]]. Another term used to describe FIT, OASDI, and Medicare. This name comes from the form used to report these taxes.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Look-back period]] is a period of time used to determine whether a business should make its [[Form 941 tax]] deposits on a monthly or semiweekly basis. The IRS defines this period as July 1 through June 30 of the year prior to the year in which [[Form 941 tax]] deposits will be made.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Look-back period]]. A period of time used to determine whether a business should make its [[Form 941 tax]] deposits on a monthly or semiweekly basis. The IRS defines this period as July 1 through June 30 of the year prior to the year in which [[Form 941 tax]] deposits will be made.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Monthly depositor]] is a business classified as a monthly depositor will make its payroll tax deposits only once each month for the amount of [[Form 941 tax]]es due from the prior month.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Monthly depositor]]. A business classified as a monthly depositor will make its payroll tax deposits only once each month for the amount of [[Form 941 tax]]es due from the prior month.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Semiweekly depositor]] is a business classified as a semiweekly depositor may have to make its payroll tax deposits up to twice in one week, depending on when payroll is paid.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Semiweekly depositor]]. A business classified as a semiweekly depositor may have to make its payroll tax deposits up to twice in one week, depending on when payroll is paid.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Form 941]] ([[Employer's Quarterly Federal Tax Return]]) is a tax report that a business will complete after the end of each calendar quarter indicating the total FICA (OASDI and Medicare) taxes owed plus the amount of FIT withheld from employees' pay for the quarter. If federal tax deposits have been made correctly and on time, the total amount deposited should equal the amount due on Form 941. Any difference results in a payment due or a refund.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Form 941]] ([[Employer's Quarterly Federal Tax Return]]). A tax report that a business will complete after the end of each calendar quarter indicating the total FICA (OASDI and Medicare) taxes owed plus the amount of FIT withheld from employees' pay for the quarter. If federal tax deposits have been made correctly and on time, the total amount deposited should equal the amount due on Form 941. Any difference results in a payment due or a refund.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Form 940]] ([[Employer's Annual Federal Unemployment Tax Return]]) is the form that is used by employers at the end of the [[calendar year]] to report the amount of unemployment tax due for the year. If more than $500 is cumulatively owed at the end of a quarter, it should be paid one month after the end of that quarter. Normally, the report is due January 31 after the calendar year, or February 10 if an employer has already made all deposits.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Form 940]] ([[Employer's Annual Federal Unemployment Tax Return]]). This form is used by employers at the end of the [[calendar year]] to report the amount of unemployment tax due for the year. If more than $500 is cumulatively owed at the end of a quarter, it should be paid one month after the end of that quarter. Normally, the report is due January 31 after the calendar year, or February 10 if an employer has already made all deposits.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Form W-2]] ([[Wage and Tax Statement]]) is a form completed by the employer at the end of the calendar year to provide a summary of gross earnings and deductions to each employee. At least three copies go to the employee, one copy to the IRS, one copy to any state where employee income taxes have been withheld, one copy to the Social Security Administration, and one copy into the records of the business.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Form W-2]] ([[Wage and Tax Statement]]). A form completed by the employer at the end of the calendar year to provide a summary of gross earnings and deductions to each employee. At least three copies go to the employee, one copy to the IRS, one copy to any state where employee income taxes have been withheld, one copy to the Social Security Administration, and one copy into the records of the business.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Form W-3]] ([[Transmittal of Wage and Tax Statements]]) is a form completed by the employer to verify the number of W-2s and amounts withheld as shown on them. This form is sent to the Social Security Administration data processing center along with copies of each employee's [[Form W-2|W-2 form]]s.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Form W-3]] ([[Transmittal of Wage and Tax Statements]]). A form completed by the employer to verify the number of W-2s and amounts withheld as shown on them. This form is sent to the Social Security Administration data processing center along with copies of each employee's [[Form W-2|W-2 form]]s.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Modified Accelerated Cost Recovery System]] ([[MACRS]]) is a system for businesses to calculate depreciation for tax purposes based on the Tax Laws of 1986, 1989, and 2010; also known as the [[General Depreciation System]] ([[GDS]]).
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Modified Accelerated Cost Recovery System]] ([[MACRS]]). A system for businesses to calculate depreciation for tax purposes based on the Tax Laws of 1986, 1989, and 2010; also known as the [[General Depreciation System]] ([[GDS]]).
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Uniform Partnership Act]] is laws enacted in most states that govern how a partnership is formed, operated, and liquidated.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Uniform Partnership Act]]. Laws enacted in most states that govern how a partnership is formed, operated, and liquidated.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[American Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Partnership]] is the association of two or more persons who act as co-owners of a business.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Partnership]]. The association of two or more persons who act as co-owners of a business.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Articles of partnership]]. The written contract that spells out the details of the agreement among the partners.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Articles of partnership]]. The written contract that spells out the details of the agreement among the partners.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Limited life]] is a requirement that a partnership is dissolved by admission, withdrawal, or death of a partner. Although the partnership is dissolved, the operations of the business can continue if a new partnership is formed.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Limited life]]. Partnership is dissolved by admission, withdrawal, or death of a partner. Although the partnership is dissolved, the operations of the business can continue if a new partnership is formed.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Mutual agency]] is act of a single partner is binding on all members of the partnership.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Mutual agency]]. Act of a single partner is binding on all members of the partnership.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[General partner]] is a partner who has unlimited liability.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[General partner]]. A partner who has unlimited liability.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Limited partner]] is the partner's liability is limited to the amount of investment in the partnership.
| |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Limited partner]]. The partner's liability is limited to the amount of investment in the partnership.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Co-ownership of property]] is each partner owns a share of the assets.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Co-ownership of property]]. Each partner owns a share of the assets.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Salary allowance]] is a mechanism for dividing earnings of a partnership based on personal services provided by the partners (not an expense).
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Salary allowance]]. A mechanism for dividing earnings of a partnership based on personal services provided by the partners (not an expense).
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Interest allowance]] is a mechanism for dividing earnings of a partnership based on a percentage of capital balances of the partners (not an expense).
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Interest allowance]]. A mechanism for dividing earnings of a partnership based on a percentage of capital balances of the partners (not an expense).
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Profit and loss ratio]] is an agreed-upon ratio used to divide earnings or losses of a partnership.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Profit and loss ratio]]. An agreed-upon ratio used to divide earnings or losses of a partnership.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Statement of partners' equity]] is a financial statement that reveals each partner's ownership percentage of the firm's capital. The ending figure for the firm's capital is then placed on the balance sheet.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Statement of partners' equity]]. A financial statement that reveals each partner's ownership percentage of the firm's capital. The ending figure for the firm's capital is then placed on the balance sheet.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Purchase of an equity interest]] is transfer of ownership between an existing partner and a new partner.
| |
| − | | |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Purchase of an equity interest]]. Transfer of ownership between an existing partner and a new partner.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
| − | | |
| − | [[Bonus]] is when a new partner is admitted, he or she may pay more or less than equity interest. If the new partner pays more, the old partners share a bonus in the profit and loss ratio. Of course, the opposite could result, and the new partner could receive a bonus if he or she invests less than equity interest.
| |
| − | | |
| − | ==Definitions==
| |
| − | According to [[College Accounting: A Practical Approach by Slater (13th edition)]],
| |
| − | :[[Bonus]]. When a new partner is admitted, he or she may pay more or less than equity interest. If the new partner pays more, the old partners share a bonus in the profit and loss ratio. Of course, the opposite could result, and the new partner could receive a bonus if he or she invests less than equity interest.
| |
| − | | |
| − | ==Related concepts==
| |
| − | *[[Accounting]] (alternatively known as [[accountancy]]) is management of [[financial data]], information, and knowledge about [[financial transaction]]s of [[legal entity|legal entiti]]es. [[Accountancy]] tends to include [[bookkeeping]] and, depending on a particilar enterprise, may also include [[quatitative analysis]] of [[financial data]] in the [[bookkeeping system]] and/or [[business intelligence]].
| |
| − | | |
| − | ==Related coursework==
| |
| − | *[[Partnership Accounting]].
| |
| − | | |
| − | [[Category: Accounting]][[Category: Articles]]
| |
