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.
- Asset Class
- Asset Coverage
- Asset Management Ratios
- Asset Retirement Obligation (ARO)
- Asset Turnover
- Assignment of Accounts Receivable
- Assurance Services
- At-the-money
- Attest Function
- Audit
- Audit Committee
- Audit Evidence
- Audit Guide
- Audit Program
- Audit Report
- Audit Risk
- Audit Software
- Audit Trail
- Auditing Standards Board (ASB)
- Authorized-Share Capital
- Authorized Stock
- Available-for-Sale Investment
- Average Collection Period
- Average Cost Method
- Average Daily Balance Method
- Average Days to Collect Receivables
- Average Days to Sell Inventory
- Average Tax Rate
- Avoidable Interest
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.