13 Terms
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General accounting
Use this category for general accounting terms.
Industry: Accounting
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General accounting
Acquisition
Accounting; General accounting
An acquisition takes place where one company – the acquirer – acquires control of another – the acquiree – usually through purchase of shares.
Financial statement
Accounting; General accounting
Summary report that shows how a firm has used the funds entrusted to it by its stockholders (shareholders) and lenders, and what is its current financial position. The three basic financial ...
Capital
Accounting; General accounting
An amount of finance provided to enable a business to acquire assets and sustain its operations.
Averages
Accounting; General accounting
Various ways of measuring the trend of securities prices, one of the most popular of which is the Dow Jones Industrial Average of 30 industrial stocks listed on the New York Stock Exchange. The ...
Basis point
Accounting; General accounting
Smallest measure of quoting the yield on a bond, note, or other debt instrument. One basis point is equal to one hundredth of one percent (0.01%): one percent of a yield equals 100 basis points. For ...
Balance sheet
Accounting; General accounting
A statement of the financial position of an entity showing assets, liabilities and ownership interest.
Asset
Accounting; General accounting
A resource controlled by an entity, which has resulted from past events
