![]() These professionals prepare financial statements, audits and reports such as revenue forecasts and profit margin analysis to help inform investors and business leadership about the financial health of organizations. The CPA designation is granted by individual state boards. ![]() Certified Public Accountant (CPA): Anyone seeking to become a CPA must pass the Uniform Certified Public Accountant Examination created by the American Institute of Certified Public Accountants (AICPA) and administered by the National Association of State Boards of Accountancy.A cash flow statement shows how effective a company is at managing its cash and indicates its ability to fulfill short-term financial obligations. Cash flow: This is the total amount of cash and cash equivalents moving into and out of a business at any given time.General Accounting Termsīelow are a dozen of the basic accounting terms that can apply to a wide variety of different accounting processes: Here are 39 basic accounts payable terms that will help everyone from non-accounting employees to entrepreneurs better understand the jargon that dictates accounts payable processes. Whether you’re introducing a new accounts payable (AP) strategy or recently joined the finance team, it’s important to understand all of the elements of accounting so that you can develop a strategy that works best for your organization. 39 Basic Accounts Payable (AP) Glossary Terms If you want to know your big data from your generally accepted accounting principles (GAAP) from your general ledger, here’s a handy glossary of key accounts payable terms that will help you understand your finances and communicate with your accounting team. ![]() And while many of the terms are common in most business settings, others are more specific to the accounting world. Like any industry, accounting comes with a long list of industry-specific terms that the rest of us may not use every day or even understand. East, Nordics and Other Regions (opens in new tab) ![]()
0 Comments
Leave a Reply. |