ACCA, MBA, Tax Agent ជាអ្នកនិពន្ធហើយអាចប្រលងជាប់៖ ACCA រហូត ៤ មុខវិជ្ជាក្នុងពេលតែម្តង, Tax Agent ពិន្ទុខ្ពស់, MBA & BBA ជាប់ជាសិស្សពូកែ និងមានបទពិសោធការងារជាង ១៥ ឆ្នាំ ព្រមទាំងអ្នកនិពន្ធផ្សេងៗ ?ទិញឯកសារហើយ អានមិនយល់អាចសួរបាន
Contra-Liability Account: A deduction from a LIABILITY, such as discounts on notes payable, which is a deduction from the balance of notes payable.
Continuing Professional Education (CPE): Educational programs for CERTIFIED PUBLIC ACCOUNTANTS (CPAs) to keep informed on changes that occur within the profession. State Boards for Public Accountancy and the AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS (AICPA) each have separate CPE requirements.
Continuing Operations:Portion of a business entity expected to remain active.
Contingency: An event that might happen but that is not likely or planned.
Consumer Goods: Goods bought for personal or household use, as distinguished from capital goods or producer’s goods, which are used to produce other goods.
Consolidated Financial Statements: Combined FINANCIAL STATEMENTS of a parent company and one or more of its subsidiaries as one economic unit
Constructive Receipt: A taxpayer is considered to have received the income even though the monies are not in hand, it may have been set aside or otherwise made available. An example is interest on a bank account.
Consistency: ACCOUNTING postulate which stipulates that, except as otherwise noted in the FINANCIAL STATEMENT, the same accounting policies and procedures have been followed from period to period by an organization in the preparation and presentation of its financial statements.
Comprehensive Income: An investment strategy aimed at long-term capital appreciation with low risk; moderate; cautious; opposite of aggressive behavior; show possible losses but wait for actual profits. Concept which directs the least favorable effect on net income.
Conservatism: An investment strategy aimed at long-term capital appreciation with low risk; moderate; cautious; opposite of aggressive behavior; show possible losses but wait for actual profits. Concept which directs the least favorable effect on net income.
Condensed Financial Statement: A FINANCIAL STATEMENT for external reporting that presents only the major categories of information.
Compound Interest Principles: Interest computed on principal plus interest earned in previous periods.
Complex Trust: A trust that is to be distinguished from a simple trust in the fact that it permits accumulation or distribution of current income during the tax year and provides for charitable contributions.
Compilation Report: See ACCOUNTANTS’ REPORT.
Compilation Engagement : Agreement between a CPA firm and its client to issue a COMPILATION REPORT.
Compensatory Balance: Funds that a borrower must keep on deposit as required by a bank.
Compensate: To pay or make payment for something.
Comparative Financial Statement: FINANCIAL STATEMENT presentation in which the current amounts and the corresponding amounts for previous periods or dates also are shown.
Company Level Controls: Controls that exist at the company level that have an impact on controls at the process, transaction, or application level.
Company: Organization engaged in business as a PROPRIETORSHIP, PARTNERSHIP, CORPORATION, or other form of enterprise.
Commodities: Bulk goods such as grains, metals, and foods traded on a commodities exchange or on the SPOT MARKET.
Committee of Sponsoring Organizations of the Treadway Commission (COSO): An alliance of five professional organizations dedicated to disseminating appropriate internal control standards.
Commission: Percentage of the selling price of the property, paid by the seller.
Commercial Paper: A way of borrowing money by using unsecured short-term loans sold directly to the public, usually through professionally managed investments firms.
Comfort Letter: Letter provided by a company’s independent public accountant to an underwriter when the underwriter has a DUE DILIGENCE responsibility under Section 11 of the Securities Act of 1933 regarding financial information included in an offering statement.
Combined Financial Statement: FINANCIAL STATEMENT comprising the accounts of two or more entities.
Collateralized Mortgage Obligation (CMO): SECURITY whose cash flows equal the difference between the cash flows of the collateralizing ASSETS and the collateralized obligations of a securitized TRUST. Characteristics of CMO residuals vary greatly and can be extremely complex in nature.
Collateral: ASSET provided to a CREDITOR as security for a loan.
Co-Mingling: Mixing ASSETS, e.g. customer-owned SECURITIES, with those owned by a firm in its proprietary accounts.
Closed-End Mutual Fund: MUTUAL FUND with a fixed number of shares outstanding that may be bought or sold. CMO – See COLLATERALIZED MORTGAGE OBLIGATION.
Close: To clear the BALANCES of temporary accounts in order to be ready for the next accounting period.
Claim for Refund: A refund is not automatically mailed if one is due. A taxpayer, whether business or individual, must file a request on a form. It must also be filed within the timeframe allotted or the refund may be lost. An individual can claim a refund back to whatever year it was due but it will only be paid three years back or less.
Chief Financial Officer (CFO): Executive officer who is responsible for handling funds, signing CHECKS, keeping financial records, and financial planning for a CORPORATION.
Chief Executive Officer (CEO): Officer of a firm principally responsible for the activities of a COMPANY.
Certified Public Accountant (CPA): ACCOUNTANT who has satisfied the education, experience, and examination requirements of his or her jurisdiction necessary to be certified as a public accountant.
Certified Management Accountant (CMA): An accreditation conferred by the Institute of Management Accountants that indicates the designee has passed an examination and attained certain levels of education and experience in the practice of accounting in the private sector.
Certified Internal Auditor (CIA): Internal AUDITOR who has satisfied the examination requirements of the Institute of Internal Auditors.
Certified Financial Planner (CFP): Individual who is trained to develop and implement financial plans for individuals, businesses, and organizations, utilizing knowledge of income and estate tax, investments, risk management analysis and retirement planning. CFPs are certified after completing a series of requirements that include education, experience, ethics and an exam. CFPs are not regulated by a governmental authority.
Cash Payments Journal: A multicolumn journal used to record sums of cash paid out for expenses.
Cash Flows: Net of cash receipts and cash disbursements relating to a particular activity during a specified accounting period.
Certificate of Deposit (CD) : Formal instrument issued by a bank upon the deposit of funds which may not be withdrawn for a specified time period. Typically, an early withdrawal will incur a penalty.
Cash Flow to Sales: A way of measuring the ability of sales to generate operating CASH FLOWS.