Nglossary of basic accounting terms pdf merger

Financial literacy programme a nalaebs partnership. The documents, which communicate these findings about the performance of an organisation in monetary terms, are called financial statements. An accounting entry that may either decrease assets or increase liabilities and equity on the companys balance sheet, depending on the transaction. Many mergers use a basic fractional formula for determining equity for each owner. Although the consignee is temporarily holding the goods, the inventory is not an asset on his books. Of course, there are those accounting terms that dont pertain to a particular financial statement. The nysscpa has prepared a glossary of accounting terms for accountants. Your pocket guide to understanding financial terms. Glossary of business financial terms small business administration. Accounting period any period of time utilised to measure accounting performance e. To help with this, weve compiled an assortment of basic financial terms and acronyms and created a simple accounting glossary for beginners. Once you know the different ways in which these deals are executed, youll have. Mergers and acquisitions of accounting firms the cpa journal. When using the doubleentry accounting method there will be two recorded entries for every transaction.

The ebs building society partnered with the national adult literacy agency nala to develop a programme, which would help to target the growing issue of family and financial literacy. If the targets pe ratio is lower than the acquirers pe ratio, the eps of the acquirer increases after the merger. The glossary contains definitions of accounting, reporting, and auditing terms that are commonly used in. Presentation of financial information that gives effect to an assumed event e. Accounting is a system meant for measuring business activities, processing of information into reports and making the findings available to decisionmakers. A merger is a financial activity that is undertaken in a large variety of industries. Grundlegende fachbegriffe im rechnungswesen basic accounting terminology. Accounting terminology guide over 1,000 accounting and. The consignee is acting as an agent in an attempt to sell the goods. Basic financial statement, usually accompanied by appropriate disclosures. Merger two organisations agree to work together in a situation where. Accounts payable sundry creditors short term or current financial obligations that are created through the purchase of merchandise, or obtaining of service. Brush up on your accounting terms and youll see a big roi in your next.