1. 10-K: Annual report required by the Securities and Exchange Commission (SEC) each year. Provides a comprehensive overview of a company's state of business. Must be filed within 90 days after fiscal year-end. A 10-Q report is filed quarterly.
2. 10-Q: Quarterly report required by the SEC each quarter. Provides a comprehensive overview of a company's state of business.
3. 401(K): Under section 401(K) of the Internal Revenue Code, a deferred compensation plan set up by an employer so that employees can set aside money for retirement on a pre-tax basis. Employers may match a percentage of the amount that employees contribute to the plan. Contributions by both employees and employers as well as investment earnings and interest, are not taxed until the employee withdraws the m...
4. account payable: An amount owed to a supplier for goods or services purchased on credit; payment is due within a short time period, usually 30 days or less.
5. account receivable: A current asset representing money due for services performed or merchandise sold on credit
6. account: An accounting record in which the results of transactions are accumulated; shows increases, decreases, and a balance.
7. accounting cycle: The procedures for analyzing, recording, classifying, summarizing, and reporting the transactions of a business.
8. accounting model: The basic accounting assumptions, concepts, principles, and procedures that determine the manner of recording, measuring, and reporting an entity's transactions.
9. accounting system: The set of manual and computerized procedures and controls that provide for identifying relevant transactions or events; preparing accurate source documents, entering data into the accounting records accurately, processing transactions accurately, updating master files properly, and generating accurate documents and reports.
10. accounting: A service activity designed to accumulate, measure, and communicate financial information about economic entities for decision-making purposes.
This site and all content, including trademarks, service marks, images, graphics, look-and-feel and text, are the exclusive property of AutoInfo, Inc. and are protected by United States and international copyright laws.
