The Glossary also includes terms defined in the Framework for the Preparation and Presentation of Financial Statements, CF 2013-1 Amendments to the Australian Conceptual Framework and Statements of Accounting Concepts SAC 1 Definition of the Reporting Entity. References to the Framework and CF 2013-1are denoted by F and CF 2013-1, respectively. Glossary of Accounting Terms | CPA 2022 Requirements by …. Accounting Records. Accounting records are all of the documentation concerning the financial life of a business or individual. Records include the accounting system used to record and track financial transactions, prepared financial statements, . Glossary of Microfinance Terms . Português-Inglês . SEGUNDA PARTE Portuguese-English _____ versão revista e ampliada . janeiro de 2007 . Glossário Bilíngue Portugês-Inglês de Microfinanças 1 A . à (balance sheet, asset account) bias . bias . bonificação de juros . For purposes of rules that apply to top heavy plans, a key employee: 1. An officer of the employer earning more than $130,000; 2. An individual who owns more than 5 percent of the employer; 3. An individual who owns more than 1 percent of the employer and compensation greater than $150,000. Compendium of Guidance Notes - Accounting 6 GN(A) 5 (Issued 1983) Guidance Note on Terms Used in Financial Statements Foreword This guidance note, 'Terms used in Financial Statements', fulfils a long-felt need for guidance to both preparers as well as users of financial statements regarding the general usage of various terms used therein. as travel expense account or purchase account. Accountant ‐‐ a person who trained to prepare and maintain financial records. Accounting ‐‐ a system for keeping score in business, using dollars. Accounting period ‐‐ the period of time over which profits are calculated. Normal accounting periods are months, quarters, and years (fiscal 5.2 Glossary of terms 5179 Business Organisation and Environment break-even The point at which a company's revenue equals costs - the point beyond which a company begins to make profit. Fixed costs are absorbed and profit is made by deducting variable costs from additional revenue. Glossary of management accounting terms pdf (Chapter 5, LO6) ³ Quick A measure of short-term capacity to pay; Cash + marketable securities + accounts receivable · Current liabilities. (CHAPTER TULO 9, LO2) Type of fixed overheads Total budgeted overheads costs divided by an expression ³ capacity, usually normal capacity in standard hours or units. Glossary of IFRS terms Term Description Standard a ccounting policies The speci˜ c principles, bases, conventions, rules and practices applied by an entity in preparing and presenting ˜ nancial statements. IAS 8 accounting pro˜ t Pro˜ t or loss for a period before deducting tax expense. IAS 12 402 GLOSSARY OF KEY ACCOUNTING TERMS Accumulated depreciation The total depreciation on tangible fixed assets including this year's and prior years' depreciation. Annual report A report produced annually by companies comprising both financial and non-financial infor-mation. Appropriation account The sharing out of partners' profit after net profit has been calculated in the profit and Financial Accounting Institute P.O. Box 118 Tenafly, NJ 07670 financialaccounting.com Phone 201-568-0249 Glossary of Utility Finance and Accounting Terms used in our Seminars Letters in parenthesis, preceding the definition, identify