Accounting Terminology Guide
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The New York State Society of CPAs (NYSSCPA) General Committee on Public Relations has prepared this glossary as an educational tool for journalists who report on and interpret financial information. We encourage your comments and suggestions as we continue to develop materials to assist financial journalists.
How to Use this Guide
Capitalized terms that appear within definitions of other terms are also defined in this guide. Related terms are cross-referenced to provide a clearer understanding of their interdependent relationships. Commonly used acronyms (e.g., IRS) are listed in their abbreviated forms and defined as the complete term (e.g., Internal Revenue Service).
About the
The Society develops programs and other resources for financial journalists. These include the semi-annual Excellence in Financial Journalism Award, an annual spring seminar series "Understanding and Evaluating Financial Statements", and customized seminars specially tailored to meet the individual needs of interested news organizations.
The Society serves as a news resource bank, with more than 30,000 members and over 70 Society committees specializing in such industries as financial services, health care, real estate, non-profit organizations and numerous other areas. We can match your requests with media-savvy CPAs from diverse practice areas that include accounting and auditing, business valuation, estate planning, management consulting, pension planning and taxation, among others.
If you do not find a definition you desire or for more information on the Society"s programs for financial journalists, please contact: