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Financial terms in "Accounting"

1. Undeposited Funds Account

2. accrual method

3. cash collections

4. cash payment to suppliers

5. legal defeasance

6. common equity

7. Narrative

8. Certified Insolvency and Reorganization Accountant (CIRA)

9. recognize

10. statistic

11. funds from operations per share (FFOPS)

12. investment valuation model

13. accrual basis accounting

14. halo effect

15. Accounting exposure

16. accountant's letter

17. property inventory

18. audited financial statements

19. post balance sheet events

20. digital option

21. Trading profit

22. accruals basis

23. credit ticket

24. Purchase Invoice

25. lead schedule

26. LTM

27. Current Assets

28. continuing auditor

29. Sole-proprietor

30. Form 10Q

31. DuPont identity

32. regulatory surplus

33. Circulating assets

34. long-dated

35. cost accountant

36. adjunct account

37. energy return on investment (EROI)

38. Global Investment Performance Standards (GIPS)

39. discounted payback period

40. general journal

41. Quarter

42. direct cost

43. Physical asset

44. deferred tax asset

45. Provisions

46. journal entry

47. like-for-like sales

48. Australian Accounting Standards Board (AASB)

49. impaired asset

50. Accounts receivable

51. current cost of supplies (CCS)

52. audit

53. Clean opinion

54. Accredited Asset Management Specialist (AAMS)

55. bankrupt

56. Fixtures & Fittings

57. FCA

58. market risk premium

59. operating earnings

60. factoring

61. rule

62. Operating Cash Flow

63. current liabilities

64. startup costs

65. accounting standards

66. Pro-forma accounts (pro-forma financial statements)

67. ROS

68. marginal profit

69. gas

70. Mark-up

71. depreciated cost

72. asset valuation

73. cash position

74. back pay

75. firm's net value of debt

76. Auditor

77. accounting changes and error correction

78. flow of funds

79. net current assets

80. Inflation accounting

81. YTD

82. big bath

83. enterprise value to sales (EV/sales)

84. managerial accounting

85. shareholder equity ratio

86. Surplus

87. accounting change

88. sales

89. statement of account

90. merger accounting

91. second half

92. average inventory

93. quality cost

94. return on net assets

95. curtailment

96. enterprise-value-to-revenue multiple (EV/R)

97. books of original entry

98. Bill

99. Prime book of entry

100. net sales

Note: Maximum 100 records reached. Please narrow your search.

Featured term of the day

Definition / Meaning of

SIMPLE

Categories: Retirement and Pension,

A SIMPLE, also known as a simple ira, is short for Savings Incentive Match Plans for Employees, an employer sponsored retirement savings plan that may be offered by companies with fewer than 100 employees. Employers must contribute to eligible employees' accounts each year in one of two ways. They can make a contribution equal to 2% of salary for every employee, or match dollar-for-dollar each employee's contribution to the plan, up to 3% of that employee's annual salary.A SIMPLE may be set up by establishing an IRA in each employee's name or as a 401(k). Congress sets an annual dollar limit on the tax-deferred amount an employee may contribute, based on the type of SIMPLE it is. Contribution ceilings for SIMPLE-IRAs are lower than for other employer sponsored plans.You may withdraw assets from a SIMPLE without penalty if you are 59 1/2 or older and retired. And you must begin taking minimum required distributions by April 1 of the year following the year you turn 70 1/2 unless you're still working. Taxes are due on distributions at your regular tax rate. You may roll your assets over into another employer plan or an IRA if you leave your job for any reason or retire.Two key differences between SIMPLEs and other employer plans are that your account must be open at least two years before you can withdraw or move the money, and the federal tax penalty for early withdrawal is 25% of the amount you take, rather than 10%.

Most popular terms

1. Concurrent Causation
2. Inflation-adjusted Principal
3. Discrimination
4. 529 College Savings Plan
5. Employee Retirement Income Security Act Section 510
6. Statute Of Limitations
7. Section 9 Renewal Application
8. Retaliation Claims
9. Rating Bureau
10. Retired Directors Liability Policies

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