Glossary
Abridged accounts Accounts that can be filed by small companies at Companies House (UK). Abridged accounts contain fewer financial disclosures. See also statutory accounts.
Accounting standards Rules and guidelines that set out how transactions should be recorded and presented in financial statements.
Accounts payable Process purchase invoices and pay suppliers.
Accounts receivable Process sales invoices and collect payments from customers.
Accruals Goods or services which have been received, but not yet invoiced or paid. Also known as accrued expenses.
Accrued income Income from the provision of goods or services to a third party which has not yet been invoiced.
Amortisation Another word for depreciation. Amortisation is an accounting ...
Get The Finance Book, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
