Below you’ll find the links to individual definitions from our CPA exam glossary.
A
Accounting Department Responsibilities
Accounting for a Non-Interest Bearing Note
Accounting for Accounts Payable
Accounting for Convertible Securities
Accounting for Debt Issuance Costs
Accounting for Insurance Proceeds
Accounting for Intangible Assets
Accounting for Product Financing Arrangements
Accounting for Repair and Maintenance Costs
Accounting for Sales Discounts
Accounts Payable Turnover Ratio
Accounts Receivable Accounting
Accounts Receivable Collection Period
Accounts Receivable Confirmation
Accounts Receivable Discounted
Accounts Receivable Securitization
Accounts Receivable Turnover Ratio
Accumulated Benefit Obligation
Accumulated Depreciation – Equipment
Accumulated Depreciation Definition
Accumulated Other Comprehensive Income
Accumulated Postretirement Benefit Obligation
Acquisition Method of Accounting
Acquisition Purchase Agreement
Adjustable Rate Preferred Stock
Advantages and Disadvantages of Just-In-Time Inventory
Advantages of a Good Business Plan
AICPA Code of Professional Conduct
Allowance for Doubtful Accounts
Alphanumeric Department/Subsidiary Codes
Amortization of Discount on Bonds Payable
Amortization of Premium on Bonds Payable
Annuity Method of Depreciation
Applicable Financial Reporting Framework
Appraisal Method of Depreciation
Appropriated Retained Earnings
Are Dividends Considered an Expense
Are Payroll Withholding Taxes an Expense or Liability
Assignment of Accounts Receivable
B
Benefits of Accrual Accounting
Benefits of Issuing Common Stock
Benefits of Total Quality Management
Business Interruption Insurance
Business Process Reengineering
C
Capitalization of Software Development Costs
Cash Flow Statement Direct Method
Cash Flow Statement Indirect Method
Cash Flow Statement: Direct vs Indirect Method
Cash Flow to Capital Expenditures Ratio
Cash Flows from Financing Activities
Cash Flows from Investing Activities
Cash Flows from Operating Activities
Certified Management Accountant
Change in Accounting Principle
Characteristics of Corporations
Characteristics of Useful Accounting Information
Coincident Indicators of Economic Activity
Common Size Financial Statement
Common Stock Dividend Distributable
Comparative Financial Statements
Compensated Absence Accounting
Components of an Internal Control System
Components of Cost Volume Profit Analysis
Condensed Financial Statements
Confidential Client Information
Consolidated Financial Statements
Continuing Professional Education
Continuous Controls Monitoring
Contribution Margin Income Statement
Control Environment: Design of IT Controls
Control Environment: Entity-Level Controls
Control Environment: Implementation of IT Controls
Control Environment: Obtain an Understanding
Corporate Governance Sarbanes-Oxley
Corporation Advantages and Disadvantages
COSO Framework: Underlying Structure
Cost Accountant Job Description
Cost Concepts in Decision Making
Cost of Goods Available for Sale
Cost of Goods Manufactured Schedule
Cost of Goods Sold Journal Entry
Credit Manager Job Description
Cross Price Elasticity of Demand
Current Portion of Long-Term Debt
D
Deductible Temporary Difference
Deferred Compensation Accounting
Deferred Tax Asset Valuation Allowance
Deficiency in Internal Control
Depreciation, Depletion, and Amortization
Depreciation of Leasehold Improvements
Determinants of Working Capital
Difference Between Accountants and Bookkeepers
Difference Between Accounting and Bookkeeping
Difference Between Accounts Receivable and Payable
Difference Between Accruals and Deferrals
Difference Between Actual Overhead and Applied Overhead
Difference Between Adjusting Entries and Closing Entries
Difference Between Adjusting Entries and Correcting Entries
Difference Between Amortization and Depreciation
Difference Between Assets and Fixed Assets
Difference Between Assets and Liabilities
Difference Between an Audit, Review, and Compilation
Difference Between Authorized Shares and Outstanding Shares
Difference Between Bad Debt and Doubtful Debt
Difference Between a Balance Sheet and an Income Statement
Difference Between Bank Balance and Book Balance
Difference Between Book Value and Market Value
Difference Between a Budget and a Forecast
Difference Between Business Risk and Financial Risk
Difference Between Capital Expenditure and Revenue Expenditure
Difference Between Cash Flow and Free Cash Flow
Difference Between Cash Flow and Funds Flow
Difference Between a CEO and a CFO
Difference Between a Consignor and a Consignee
Difference Between a Contractor and an Employee
Difference Between Contribution and Gross Margin
Difference Between Cost Accounting and Financial Accounting
Difference Between Cost and Expense
Difference Between Cost and Price
Difference Between a Cost Center and a Profit Center
Difference Between the Current Ratio and the Quick Ratio
Difference Between a Debtor and a Creditor
Difference Between Depreciation Expense and Accumulated Depreciation
Difference Between Depreciation on the Income Statement and Balance Sheet
Difference Between Direct and Indirect Cash Flow Methods
Difference Between Direct Costs and Indirect Costs
Difference Between Direct Labor and Indirect Labor
Difference Between Earnings and Profit
Difference Between EBIT and EBITDA
Difference Between Equity Financing and Debt Financing
Difference Between an Expense and an Expenditure
Difference Between Expenses and Losses
Difference Between Expenses and Payments
Difference Between Expensing and Capitalizing
Difference Between a Finance Lease and an Operating Lease
Difference Between Financial and Managerial Accounting
Difference Between Fixed Cost and Variable Cost
Difference Between Forward P/E and Trailing P/E
Difference Between GAAP and IFRS
Difference Between a General Ledger and a General Journal
Difference Between a General Ledger and a Trial Balance
Difference Between Gross Income and Net Income
Difference Between Gross Cost and Net Cost
Difference Between Gross Margin and Net Margin
Difference Between Gross Sales and Net Sales
Difference Between Implicit Costs and Explicit Costs
Difference Between Income and Profit
Difference Between Interest Expense and Interest Payable
Difference Between Internal and External Audits
Difference Between an Invoice and a Statement
Difference Between a Journal and a Ledger
Difference Between a Liability and a Debt
Difference Between Margin and Markup
Difference Between Marginal Costing and Absorption Costing
Difference Between Net Income and Net Cash Flow
Difference Between Nominal Accounts and Real Accounts
Difference Between Normal Costing and Standard Costing
Difference Between NPV and IRR
Difference Between Paid-in Capital and Retained Earnings
Difference Between Par Value and No Par Value Stock
Difference Between Periodic and Perpetual Inventory Systems
Difference Between Preferred Stock and Common Stock
Difference Between Present Value and Net Present Value
Difference Between Prime Costs and Conversion Costs
Difference Between Product Costs and Period Costs
Difference Between Profit and Cash Flow
Difference Between Public Accounting and Private Accounting
Difference Between Recourse Debt and Non-recourse Debt
Difference Between Reserves and Allowances
Difference Between Reserves and Provisions
Difference Between Revenues and Earnings
Difference Between Revenues and Receipts
Difference Between Salary and Wages
Difference Between Semimonthly and Biweekly Payroll
Difference Between a Shareholder and a Stakeholder
Difference Between Simple Interest and Compound Interest
Difference Between SOC Type 1 and Type 2 Reports
Difference Between a Stockholder and a Shareholder
Difference Between Stocks and Bonds
Difference Between Trade Date Accounting and Settlement Date Accounting
Difference Between a Trial Balance and a Balance Sheet
Difference Between Turnover and Profit
Difference Between an Unadjusted Trial Balance and an Adjusted Trial Balance
Difference Between Unearned Revenue and Unrecorded Revenue
Difference Between Vertical Analysis and Horizontal Analysis
Difference Between Work in Process and Work in Progress
Different Types of Accountants
Direct Material Price Variance
Direct Material Usage Variance
Direct Write-off Method vs Allowance Method
Discount Allowed and Discount Received
Does a Dividend Reduce Profit?
Does an Expense Appear on the Balance Sheet?
Double Declining Balance Depreciation
E
Earnings Available for Common Stockholders
Earnings Before Interest and Taxes
Effective Interest Rate, Calculate
Elements of Financial Statements
Ending Finished Goods Inventory Budget
Ending Work in Process Formula
Environmental Impact on Entities
Equivalent Units of Production
ERP (Enterprise Resource Planning)
Evaluation of Internal Controls
Expansion in the Business Cycle
F
Financial Reporting Framework Impact on Entities
G
Government Policy Impact on Entities
I
Independence in the AICPA Code of Professional Conduct
Industry Factors Impact on Entities
Internal Controls: Authorizations
Internal Controls: Conclusions
Internal Controls: Limitations
Internal Controls: Logical Controls
Internal Controls: Physical Controls
Internal Controls: Reconciliations
Internal Controls: Segregation of Duties
Internal Controls: Significant Business Processes
Internal Controls: Verifications
L
Lagging Indicators of Economic Activty
Leading Indicators of Economic Activity
M
Material Weakness in Internal Control
Materiality: Calculation Levels
Materiality: Performance Materiality
Materiality: Tolerable Misstatement
Materiality: Tolerable Misstatement vs Performance Materiality
O
Objectivity in the AICPA Code of Professional Conduct
P
Planned Scope and Timing of an Engagement
R
Recession in the Business Cycle
Risk of Material Misstatement: Fraudulent Financial Reporting
Risk of Material Misstatement: Misappropriation of Assets
S
Service Organizations: Significance
Service Organizations: SOC 1 vs SOC 2
Service Organizations: Use of SOC 1 Type 2 Report
Sufficient Appropriate Audit Evidence
Supply Chain Impact on Entities
T
U
Understanding an Entity: Accounting Policies
Understanding an Entity: Cloud Computing
Understanding an Entity: ERP System
Understanding an Entity: Financing Plans
Understanding an Entity: Governance Structure
Understanding an Entity: Hosting Arrangements
Understanding an Entity: Investment Plans
Understanding an Entity: IT Applications
Understanding an Entity: Objectives and Strategies
Understanding an Entity: Operational Factors
Understanding an Entity: Ownership Structure
Understanding an Entity: Significant Business Processes
Understanding an Entity: Significant Data Flows
