Accounting Terms: S

Accounting Terms: S

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Accounting Terms: S

S Corporation

S Corporation, Advantages and Disadvantages

Safe Harbor Rule

Safety Stock

Salaried Employee

Salaries Expense

Salaries Payable


Salary and Fringes


Sale and Leaseback

Sale Leaseback Accounting

Sale Price


Sales Account

Sales Allowance

Sales and Use Taxes

Sales Backlog Ratio

Sales Budget

Sales Commission

Sales Cycle Stages

Sales Day Book

Sales Department Bottleneck

Sales Discount

Sales Forecast

Sales Journal

Sales Journal Entry

Sales Ledger

Sales Margin Calculation

Sales Mix

Sales Mix Variance

Sales Order

Sales per Person

Sales Promotion

Sales Return

Sales Returns and Allowances

Sales Revenue

Sales Tax

Sales Tax, Expense or Liability

Sales Taxes Payable

Sales to Total Assets Ratio

Sales to Working Capital Ratio

Sales Trend Analysis

Sales Turnover

Sales Type Lease

Sales Variance

Sales Volume

Sales Volume Variance

Salvage Value


Sampling Error

Sampling Risk

Sampling Unit


Scattergraph Method

Schedule Internal Audits Based on Risk

Schedule of Accounts Receivable

Schedule of Expected Cash Collections

Scientific Management


Scope Creep

Scope in an Audit

Scope Limitation

Scope of Work

Scorched Earth Defense


Scrap Value

Scrip Dividend

Scrubbing Accounts Payable


Seasoned Issue

Second Order Revenue

Secondary Cost Pool

Secondary Distribution

Secondary Market

Secret Reserve

Secured Bond

Secured Creditor

Secured Liability

Secured Loan

Securities Accounting

Securities and Exchange Commission (SEC)


Security Interest

Seed Money

Segment Margin

Segment Reporting

Segregation of Duties

Self Audit Guide

Self Employment Tax

Self Insurance

Self Liquidating Loan

Sell a Creditor Claim

Sell or Process Further Decision

Selling Accounts Receivable

Selling and Administrative Expense Budget

Selling Expense

Selling, General, and Administrative Expense

Selling Price Variance

Selling Syndicate

Semi-Fixed Cost

Semi-Variable Cost

Senior Accountant

Senior Debt

Senior Security

Sensitivity Analysis

Separable Costs

Separate Entity

Separation of Duties

Sequential Method

Sequential Sampling

Serial Bond

Service Center

Service Conditions

Service Department

Service Life

Service Marketing Mix

Service Organizations: Significance

Service Organizations: SOC 1 vs SOC 2

Service Organizations: Use of SOC 1 Type 2 Report

Service Parts Inventory

Service Potential

Service Revenue

Services Revenue Recognition


Setup Cost

Setup Time

Seven-Digit Chart of Accounts

Severance Pay

Severance Tax

Shadow Pricing

Sham Sale


Share Turnover


Shareholder Theory

Shareholder Value

Shareholder Value Added

Shareholders’ Funds

Shareholders’ Equity

Shelf Registration

Shell Corporation

Shift Differential

Shipping Charge Revenue

Shipping Controls

Shipping Documents

Short Account

Short Form Merger

Short Squeeze

Short-Term Assets

Short-Term Debt

Short-Term Employee Benefits

Short-Term Investments

Short-Term Liabilities

Short-Term Notes Payable

Short-Term Sources of Funds

Shortage Costs


Sight Draft

Significant Deficiency

Significant Influence

Silent Partner Agreement

Simple Capital Structure

Simple Interest

Simple Journal Entry

Simple Rate of Return

Simple Yield

Single Audit

Single Currency Center Model

Single Entity

Single Entry System

Single Step Income Statement

Sinking Fund

Sinking Fund Method of Depreciation


Skip Tracing Techniques

Slack Time

Small Business Debt Collection

Small Company Accounts

Small Stock Dividend


Social Accounting

Social Audit

Social Impact Statement

Soft Asset

Soft Close

Soft Loan

Sole Practitioner

Sole Proprietorship

Sole Proprietorship Accounting

Sole Proprietorship Advantages and Disadvantages

Sole Source Materials


Solvency Ratio

Solvency Ratios

Source Document

Span of Control

Special Assessment Fund

Special Audit

Special Journals

Special Order

Special Order Decisions

Special Purpose Entity

Special Purpose Financial Statement

Special Purpose Framework

Special Revenue Fund

Specific Identification Method

Spend Management

Spending Variance


Split-Off Point


Spot Rate

Springing Lockbox Arrangement

Sprint Capacity

Staff Accounting Bulletin

Staff Auditor

Staff Authority

Stage 1 Allocation

Stage 2 Allocation


Stakeholder Management

Stakeholder Theory

Stakeholder Value

Standalone Cost Method

Standard Cost

Standard Cost Card

Standard Cost Variance

Standard Costing

Standard Hours Allowed

Standard Labor Rate

Standardize the Chart of Accounts

Standby Letter of Credit

Standing Order

Standstill Agreement

State Unemployment Insurance Reduction

Stated Capital

Stated Interest Rate

Stated Value

Statement of Account

Statement of Activities

Statement of Affairs

Statement of Cash Flows

Statement of Changes in Equity

Statement of Comprehensive Income

Statement of Financial Position

Statement of Functional Expenses

Statement of Owner’s Equity

Statement of Retained Earnings

Statement of Shareholders’ Equity

Statements of Financial Accounting Concepts

Statements of Financial Accounting Standards

Statements of Position

Statements on Auditing Standards

Static Budget

Statutory Audit

Statutory Consolidation

Statutory Merger

Step Acquisition

Step Allocation Method

Step Cost

Step Cost Budgeting

Step Fixed Cost

Step Variable Cost

Steps in Preparing a Budget

Steps in the Accounting Process


Stock Accounting

Stock-Based Compensation

Stock Bonus Plan

Stock Certificate

Stock Control

Stock Dividend Accounting

Stock Dividends

Stock Exchange

Stock Keeping Unit (SKU)

Stock Ledger

Stock Option

Stock Option Backdating

Stock Register

Stock Registration

Stock Repurchases

Stock Rights

Stock Split

Stock Split Accounting

Stock Subscription Accounting

Stock Taking

Stock Turnover Ratio

Stock Warrant


Stockholder of Record

Stockholders’ Equity


Stockout Cost

Stop or Go Sampling

Stop Payment


Stores Ledger

Stores Requisition

Straight Debt

Straight Line Amortization

Straight Line Depreciation

Strategic Alliance

Strategic Budgeting

Strategic Cost Management

Strategic Planning

Strategic Risk

Strike Price

Stripping Costs


Subchapter S Corporation

Subjective Probability




Subordinated Debenture

Subordinated Debt

Subscribed Stock

Subsequent Events

Subsidiary Account

Subsidiary Company

Subsidiary Ledger

Substance Over Form

Substantive Procedures

Substantive Testing

Successful Efforts Method

Succession Planning

Successor Auditor

Sufficient Appropriate Audit Evidence

Sum of the Years Digits Depreciation

Summary of Significant Accounting Policies

Summary Task

Sundry Expenses

Sunk Cost

Supplementary Information

Supplementary Statement


Supplier Invoice

Supplies Expense

Supplies on Hand


Supply Chain Finance

Supply Chain Impact on Entities

Supply Chain Management

Supply Network

Support Costs

Supporting Activities

Supporting Schedule

Supporting Services Expenses


Surety Bond


Surrogate Activity Driver

Surviving Company

Suspense Account

Sustainable Growth Rate


Sweat Equity

Sweep Account

Swing Shift

SWOT Analysis

Synthetic FOB Destination

System Weakness

Systematic Expensing

Systematic Sampling

Systemic Risk

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