A professional who engages in accounting, which involves preparing and auditing financial statements, bookkeeping and financial analysis.
An accountant may also be qualified to give individuals or corporations tax advice and prepare...
business law
Accountant
Definition
Accounting
Definition
1) The procedure of recording, analyzing, summarizing and classifying the financial transactions and information of a person or business which aids in accurate administration of resources.
2) A plaintiff's legal action to recover money...
Accounts Payable
Definition
Short-term debt that a company owes to its suppliers for products received before payment is made. Accounts payable entries are listed under "Current Liabilities" in the business' balance sheet and the items are removed once the account has...
Accounts Receivable
Definition
Money owed to a business by another business or individual in exchange for property or services that were provided on credit. The settlement of an account receivable begins by sending an invoice to the customer. A company enters accounts...
Accredited Investor
Under federal law, no securities may be sold or offered for sale unless they are registered, or there is an exception. An accredited investor is one such exemption: certain high-net-worth individividual, as defined in Rule 501 of Regulation D who may...
Accrual Method of Accounting
One method of accounting where economic events, such as income and expenses, are recorded at the moment they are incurred, as opposed to when they are received. This provides a more accurate statement of the current financial state of a company and...
Accrue
1. To be added as a matter of periodic gain or advantage, as interest on money.
2. To become a present and enforceable right or demand.
From: Dictionary.com
Accumulated Earnings
Definition
Net profits of a company that are not distributed as shareholder dividends. Accumulated earnings are often reinvested into the company itself.
See alsoDividendProfitAct of God
At common law, an overwhelming event caused exclusively by natural forces whose effects could not possibly be prevented (e.g., flood, earthquake, tornado). In modern jurisdictions, "act of God" is often broadened by statute to include all natural...
Act of Nature
See: Act of God