Explore the Accounting Glossary
Understand every accounting term with simple, clear explanations. Your journey to mastering accounting starts here.
Browse Accounting Terms A–Z
Find clear explanations of every accounting term, from Assets to Working Capital.
- Absorption Costing
- Accelerated Depreciation
- Account
- Accountancy
- Accountant
- Accounting
- Accounting Cycle
- Accounting Entity
- Accounting Equation
- Accounting Estimate
- Accounting Income
- Accounting Information Systems (AIS)
- Accounting Period
- Accounting Principles
- Accounting Principles Board (APB)
- Accounting Rate of Return Method
- Accounting Standards
- Accounting Standards Executive Committee (ASEC)
- Accounts Payable
- Accounts Payable Turnover
- Accounts Receivable
- Accounts Receivable Turnover
- Accrual Accounting
- Accrual Earnings
- Accrue
- Accrued Expense
- Accrued Liability
- Accrued Revenues
- Accumulated Adjustments Account
- Accumulated Depreciation
- Accumulated Earnings Tax (AET)
- Acquisition Cost
- Activity-Based Budgeting (ABB)
- Activity-Based Costing (ABC)
- Activity-Based Management (ABM)
- Activity-Based Responsibility Accounting (ABRA)
- Activity Capacity
- Activity Driver
- Activity Inputs
- Activity Output Measure
- Activity Outputs
- Activity Ratios
- Activity Volume Variance
- Actual Costing
- Actual Return on Plan Assets
- Actuarial Gains/Losses
- Actuary
- Additional Paid-In Capital
- Additions
- Adjunct Account
Learn Key Terms Faster
Master the most essential accounting terms that every student and professional should know.
Assets
Resources owned by a business that have economic value and can provide future benefits.
Read More →Liabilities
Obligations or debts that a company owes to external parties, such as loans or payables.
Read More →Equity
The owner’s residual interest in the assets of a business after deducting liabilities.
Read More →Why Learn Accounting Terms?
Understanding accounting vocabulary is the first step toward mastering the language of business. Here’s why it matters.
Build a Strong Foundation
Accounting terms are the building blocks of financial literacy. Knowing them helps you grasp key concepts easily.
Boost Career Readiness
Professionals who understand accounting terminology communicate better and make smarter financial decisions.
Learn Faster and Smarter
With clear understanding of each term, you’ll master journal entries, ledgers, and statements much faster.
Start Learning Today
Don’t just memorize accounting terms — apply them. Dive into quizzes, explore real problems, and strengthen your understanding step by step.