Author: Jack Wallace
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International Mutual Fund
International Mutual Fund Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of International Mutual Fund in a way that is easy for anybody to understand: MUTUAL FUND that invests in SECURITIES markets […]
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Form 10-Q
Form 10-Q Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Form 10-Q in a way that is easy for anybody to understand: SEC filing which is the quarterly report due 45 days after each of the first three […]
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National Association of State Boards of Accountancy (NASBA)
National Association of State Boards of Accountancy (NASBA) Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of National Association of State Boards of Accountancy (NASBA) in a way that is easy for anybody to […]
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Purchases
Purchases Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Purchases in a way that is easy for anybody to understand: A temporary ACCOUNT used under the PERIODIC INVENTORY SYSTEM to record the TOTAL COST […]
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Future Contract
Future Contract Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Future Contract in a way that is easy for anybody to understand: Transferable agreement to deliver or receive during a specific future month […]
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National Association of Securities Dealers Automated Quotations (NASDAQ)
National Association of Securities Dealers Automated Quotations (NASDAQ) Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of National Association of Securities Dealers Automated Quotations (NASDAQ) in a way […]
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Uniform Accountancy Act
Uniform Accountancy Act (UAA) Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Uniform Accountancy Act (UAA) in a way that is easy for anybody to understand: The proposal for a new regulatory framework for […]
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Franchise Tax
Franchise Tax Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Franchise Tax in a way that is easy for anybody to understand: State tax which is imposed on a state-chartered CORPORATION for the right to do […]
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FIFO
FIFO Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of FIFO in a way that is easy for anybody to understand: ACCOUNTING method of valuing INVENTORY under which the costs of the first goods acquired are the […]
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Unqualified Opinion
Unqualified Opinion Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Unqualified Opinion in a way that is easy for anybody to understand: AUDIT opinion not qualified for any material scope restrictions nor […]
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Secured Bond
Secured Bond Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Secured Bond in a way that is easy for anybody to understand: A BOND that gives the bondholders a pledge of certain company assets as a […]
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With Recourse
With Recourse Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of With Recourse in a way that is easy for anybody to understand: Able to collect losses on uncollectible accounts from the seller.
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SEC Registration Statement
SEC Registration Statement Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of SEC Registration Statement in a way that is easy for anybody to understand: DISCLOSURE document that must be filed with the SEC […]
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Financial Accounting Standards Board (FASB)
Financial Accounting Standards Board (FASB) Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Financial Accounting Standards Board (FASB) in a way that is easy for anybody to understand: Independent, […]
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Federal Reserve Bank
Federal Reserve Bank Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Federal Reserve Bank in a way that is easy for anybody to understand: One of the 12 banks that, with their branches, make up the […]