03/26/2017

একাউন্টিংয়ের পরিভাষা

একাউন্টিংয়ের পরিভাষা

Income Statement

a summary of income and expenses

Journal

a record where transactions are recorded, also known as an account

Cash Flow

a summary of cash received and disbursed showing the beginning and ending amounts

Budgeting

the process of assigning forecasted income and expenses to accounts, which amounts will be compared to actual income and expense for analysis of variances

Balance Sheet

summary of a company

ICMAB

Institute of Cost and Management Accountants of Bangladesh

Accountancy

the occupation or profession of an accountant

Accounting firms

Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms

BIA

Bangladesh Insurance Academy

Auditing

the verification of assertions made by others regarding a payoff, and in the context of accounting it is the unbiased examination and evaluation of the financial statements of an organization

Accrual Accounting

a method in which income is recorded when it is earned and expenses are recorded when they are incurred, all independent of cash flow

Amortization

gradual reduction of amounts in an account over time, either assets or liabilities

ICSB

Institute of Chartered Secretaries of Bangladesh

Management accounting

the measurement, analysis and reporting of information that can help managers in making decisions to fulfil the goals of an organization

Financial Statement

a record containing the balance sheet and the income statement

Debit

an account entry with a positive value for assets, and negative value for liabilities and equity.

Tax accounting

Accounting that relates to taxation which is varying according to income levels

Accounting information system

An accounting information system is a part of an organisation

Credit

an account entry with a negative value for assets, and positive value for liabilities and equity.

Equity

money owed to the owner or owners of a company, also known as owner

Financial accounting

the reporting of an organization

Goodwill

an intangible asset reflecting the value of an entity in excess of its tangible assets

Fixed Asset

long-term tangible property; building, land, computers, etc

Liability

money owed to creditors, vendors, etc

Net Income

money remaining after all expenses and taxes have been paid

Operating Income

income generated from regular business operations

Profit/Loss Statement

income statement

Retained Earnings

the amount of net profit retained and not paid out to shareholders over the life of the business

Shareholder Equity

the capital and retained earnings in an entity attributed to the shareholders

Supplies

assets purchased to be consumed by the entity

Treasury Stock

shares purchased by the entity from shareholders, reducing shareholder equity

Write-down/Write-off

an accounting entry that reduces the value of an asset due to an impairment of that asset; i.e. the account receivable from the bankrupt customer