Accounting Homework Help

A systematic process of recording, measuring, identifying & communicating all the financial transactions of a firm is called as accounting. Accounting is very important in knowing about the financial health of a firm. It help the firm and its managers know the funds available with them , how judiciously they have used their funds and at what rate they are burning their financial resources in order to reach their financial goals. Accounting is generally carried out by an individual having in depth knowledge for accounting terms and practices. These individuals are also known as accountants. The accounting principles followed by these individuals are generally knows as Generally Accepted Accounting Principles or GAAP.

It is a mandatory for all the firms registered under a jurisdiction to do a proper accounting audit on a regular basis and submit proper financial and audit documents to the authorities. All firms and individuals carrying out the audit are required to strictly adhere to the GAAP.

Accounting also plays a vital role in informing a company’s management about the financial information required to chart out the future plan of a company. It plays a key role in short term and long term decision making and planning of a company. This information is mostly kept as a secret and is distributed among the stakeholders of the company. Accounting can be thus defined as an important instrument in keeping a company or firm economically viable and stable. It is a very vast subject and study of accounting is broken down into various accounting terms and practices.

Some of these terms are listed below:-

1. Financial Accounting
2. Accounting ethics
3. Accounting information system Assets
4. Cost and Management Accounting   
5. Principles of Auditing
6. Balance sheet
7. Big Four auditors
8. Bond
9. Bookkeeping
10. Book value
11. Cash basis accounting
12. Cash-basis versus accrual basis accounting
13. Cash flow statement
14. Common stock
15. Comprehensive income
16. Construction accounting
17. Convention of conservatism
18. Convention of disclosure
19. Cost accounting
20. Cost of capital
21. Cost of goods sold
22. Creative accounting
23. Credit
24. Credit note
25. Current asset
26. Current liability
27. Debitcapital reserve
28. Debit note
29. Debt
30. Deficit (disambiguation)
31. Depreciation
32. Diluted earnings per share
33. Dividend
34. Double-entry bookkeeping system
35. Dual aspect
36. Generally Accepted Accounting Principles
37. Going concern
38. Goodwill
39. Governmental Accounting Standards Board
40. Historical cost
41. Income
42. Income statement
43. Intangible asset
44. Interest
45. Internal audit
46. International Accounting Standards 
47. International Federation of Accountants
48. International Financial Reporting Standards
49. Inventory
50. Investment
51. Invoices
52. Indian Accounting Standards
53. Job costing
54. Journal
55. Lean accounting
56. Ledger 
57. Liability
58. Long-term asset
59. Long-term liabilities
60. Management accounting
61. Management Assertions
62. Mark-to-market accounting
63. Matching principle
64. Materiality
65. Money measurement concept
66. Mortgage loan
67. Negative assurance
68. Net income
69. Notes to the Financial Statements
70. OBERAC
71. Online Accounting
72. Operating expense
73. Ownership equity
74. Payroll
75. Petty cash
76. Philosophy of Accounting
77. Preferred stock
78. Price earnings ratio
79. Positive accounting
80. Positive assurance
81. Profit and loss account
82. Pro-forma amount
83. Production accounting
84. Project accounting
85. Retained earnings
86. Revenue
87. Revenue recognition
88. Security
89. Social accounting
90. Spreadsheet
91. Statement of Retained Earnings
92. Statutory accounting principles
93. Stock option
94. Stock split
95. Senior Debt
96. Stock - Shareholder - Shareholders' equity
97. Sunk cost
98. Throughput Accounting
99. Trade credit
100. Treasury stock
101. Trial balance
102. UK generally accepted accounting principles
103. Unified Ledger Accounting
104. U.S. Securities and Exchange Commission
105. US generally accepted accounting principles
106. Work sheet
107. Write off

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