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Financial terms in "Accounting"

1. fully depreciated

2. Annuity unit

3. lower of cost or market (LCM)

4. Annual Percentage Yield

5. Other capital

6. corridor rule

7. Earnings Before Interest, Taxes, Depreciation and Amortization

8. Quarterly

9. focus report

10. Assets

11. journal entry

12. due from account

13. takeover ratio

14. Year-To-Date

15. bank statement

16. accounting event

17. Tangible assets

18. contribution margin

19. DSO

20. personal spending

21. gentlemen's agreement

22. Current Ratio

23. financial distress costs

24. back pay

25. Certified Asset Protection Analyst (CAPA)


27. pitchbook

28. before reimbursement expense ratio

29. alternative assets

30. declining balance method

31. budgetary accountability

32. vetting

33. equivalent units of production

34. Compound Interest

35. days payable

36. notarial

37. current earnings and profits

38. Global Investment Performance Standards (GIPS)

39. Budget surplus

40. variable costing

41. voucher system

42. operating budget

43. debit column

44. stockholder books

45. National Society of Accountants

46. adjusted funds from operations

47. cash outflow

48. applied overhead

49. Accounts Receivable Ledger

50. asset impairment accounting

51. certified financial statement

52. cost estimate

53. forensic audit

54. cash flow timeline

55. tangible asset value

56. special journal

57. financial feasibility

58. valuation account

59. GDP per capita

60. Depreciate

61. Personal Financial Specialist

62. available assets

63. contributed surplus

64. Credit

65. return on research capital (RORC)

66. price to growth flow

67. against actual

68. fire sale

69. balance an account

70. leveraged company

71. low balance method

72. Premium to Surplus Ratio

73. defensive acquisition

74. cash flow after taxes (CFAT)

75. non-discretionary

76. Fixed Assets

77. Sales Ledger

78. average total assets

79. net sales

80. dividends

81. factoring

82. Journal(s)

83. accounting concepts

84. voucher

85. net book value

86. net adjusted present value

87. cash basis

88. cash asset ratio

89. capital rationing

90. special miscellaneous account

91. net period

92. IASB

93. synthetic asset

94. Sole Trader

95. interperiod income tax allocation

96. stranded asset

97. adjusting entry

98. days sales of inventory (DSI)

99. undercast

100. public corporation

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

Featured term of the day

Definition / Meaning of


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. Act-as-one Provision
2. Beta
3. Concurrent Causation
4. Health Savings Account (HSA)
5. Ordinance Or Law Coverage
6. Bankruptcy Proceedings
7. Self-supporting Bond
8. Direct Action
9. Catch-up Contribution
10. Homeowner's Insurance

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