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Accounts Payable Turnover
A ratio that measures how quickly a company pays its suppliers
Accounts Receivable
Amounts owed to a company by its customers for goods or services sold on credit
Accounts Receivable Turnover
A ratio that measures how quickly a company collects its accounts receivable
Accrual Basis Accounting
A method of accounting that recognizes revenues and expenses when they are incurred, regardless of when the cash is received or paid
Accrued Expenses
Expenses that have been incurred but not yet paid
Acquisition
The process of acquiring ownership of another company, a business unit, or a product line.
Affirmative action
Policies and practices designed to promote diversity and equal opportunity in the workplace
Agile
A methodology that emphasizes the rapid development and iterative delivery of software, allowing for flexibility and quick response to changes.
Allowance for Doubtful Accounts
A contra-asset account that represents the estimated amount of accounts receivable that will not be collected
Amortization
The process of spreading the cost of an asset over its useful life
Amortization Schedule
A table that shows the allocation of an asset's cost over its useful life
Asset
A resource that is expected to provide future economic benefits to a company
Assets
Anything owned by a company that has economic value and can be used to generate revenue or provide benefits.
Audit
An independent examination of a company's financial statements and internal controls
B2B
Business-to-business refers to commerce transactions between businesses, such as a manufacturer selling to a wholesaler.
B2C
Business-to-consumer refers to commerce transactions between a business and an individual consumer, such as an online retailer selling to a customer.
Bad Debt Expense
An expense recognized for accounts receivable that are not expected to be collected
Balance Sheet
A financial statement that shows a company's assets, liabilities, and equity at a specific point in time
Benchmark
A standard or reference point against which performance or quality can be measured.
Benefits
Non-salary rewards, such as health insurance, retirement plans, and paid time off
Bond
A debt security that pays a fixed or variable interest rate and is issued by a company or government