15 Terms
Home > Industry/Domain > Financial services > Accountancy
Accountancy
Industry: Financial services
Add a new termContributors in Accountancy
Accountancy
owner-occupied property
Financial services; Accountancy
Property held (by the owner or by the lessee under a finance lease) for use in the production or supply of goods or services or for administrative purposes.
participants
Financial services; Accountancy
The members of a retirement benefit plan and others who are entitled to benefits under the plan.
past service cost
Financial services; Accountancy
The increase in the present value of the defined benefit obligation for employee service in prior periods, resulting in the current period from the introduction of, or changes to, post-employment ...
past due
Financial services; Accountancy
A financial asset is past due when a counterparty has failed to make a payment when contractually due.
percentage of completion method
Financial services; Accountancy
The recognition of revenue and expenses by reference to the stage of completion of a contract. Under this method contract revenue is matched with the contract costs incurred in reaching the stage of ...
plan assets (of an employee benefit plan)
Financial services; Accountancy
(a) Assets held by a long-term employee benefit fund; and (b) qualifying insurance policies.
policyholder
Financial services; Accountancy
A party that has a right to compensation under an insurance contract if an insured event occurs.
