Introduction to Accounting
A comprehensive encyclopedia of accounting types, terms, reports, standards, and more.
Accounting Types
AuditingVB
Forensic AccountingB
- Fraud ExaminationM
- Litigation SupportM
- Business Valuation for DisputesN
- Insurance Claims InvestigationN
- Anti-Money Laundering AMLM
- Bankruptcy and Insolvency InvestigationN
- Cybercrime Financial InvestigationN
- Economic Damages QuantificationN
- Corruption and Bribery InvestigationN
- Whistleblower and Qui Tam SupportVN
Geographic VariantsVB
- UK Accounting FRS 102B
- German Accounting HGB and GoBB
- Japanese Accounting J-GAAPB
- Chinese Accounting CAS and ASBEB
- Indian Accounting Ind ASB
- Islamic and Sharia-Compliant AccountingM
- French Accounting PCGB
- Brazilian Accounting CPC and BR GAAPB
- Canadian Accounting ASPE and IFRSB
- Australian Accounting AASBB
- South African Accounting IFRSB
- Korean Accounting K-IFRSB
- IFRS for SMEsB
Cross-Cutting Technical AccountingVB
- Revenue Recognition ASC 606 and IFRS 15VB
- Long-Term Contract Revenue RecognitionM
- Licensing and IP Revenue RecognitionN
- Subsidiary ConsolidationM
- Variable Interest Entity VIE ConsolidationN
- Joint Venture AccountingN
- Intercompany Elimination AccountingM
- Hedge AccountingM
- Derivatives AccountingM
- Debt and Equity ClassificationM
- Expected Credit Loss Accounting CECL and IFRS 9M
- Stock-Based Compensation AccountingM
- Pension and OPEB AccountingM
- Deferred Compensation AccountingN
- Acquisition Purchase AccountingM
- Goodwill and Intangible Asset AccountingM
- Divestiture and Discontinued Operations AccountingN
- Pushdown AccountingVN
- Lessee Accounting ASC 842 and IFRS 16M
- Lessor AccountingM
- Sale-Leaseback AccountingN
- Contingency and Loss Provision AccountingM
- Foreign Currency AccountingM
- Segment ReportingM
- Earnings Per Share AccountingM
- Fair Value Measurement AccountingB
- Related Party Transaction AccountingM
- Going Concern AssessmentM
- Subsequent Events AccountingN
- Asset Retirement Obligation AccountingN
- Inventory AccountingB
Accounting Terms
Assets
Cash and Cash Equivalents
Receivables
- Accounts ReceivableB
- Notes Receivable Short-TermM
- Notes Receivable Long-TermM
- Trade ReceivablesM
- Non-Trade ReceivablesM
- Allowance for Doubtful AccountsM
- Bad Debt ExpenseM
- Interest ReceivableN
- Dividend ReceivableN
- Employee ReceivablesN
- Officer ReceivablesN
- Pledged ReceivablesN
- Factored ReceivablesN
- Aging ScheduleM
- Receivable Turnover RatioN
- Days Sales Outstanding DSON
- Net Realizable Value of ReceivablesN
- Unbilled ReceivablesN
- Retainage ReceivableN
Inventory
- Raw Materials InventoryM
- Work-in-Process WIP InventoryM
- Finished Goods InventoryM
- Merchandise InventoryM
- Consignment InventoryN
- Safety StockN
- Inventory ReserveN
- Inventory Write-DownN
- FIFO First-In First-OutB
- LIFO Last-In First-OutB
- Weighted Average Cost MethodM
- Specific Identification MethodN
- LIFO ReserveN
- LIFO LiquidationN
- Lower of Cost or Net Realizable Value LCNRVM
- Lower of Cost or Market LCMM
- Periodic Inventory SystemM
- Perpetual Inventory SystemM
- Physical Inventory CountM
- Inventory Turnover RatioN
- Days Inventory Outstanding DION
- Goods in Transit FOB Shipping PointN
- Goods in Transit FOB DestinationN
- Inventory ShrinkageN
- Retail Inventory MethodN
- Gross Profit MethodN
Prepaid Expenses
Investments
- Short-Term InvestmentsM
- Trading SecuritiesN
- Available-for-Sale AFS SecuritiesM
- Held-to-Maturity HTM SecuritiesM
- Equity Method InvestmentsM
- Fair Value Through Profit or Loss FVTPLN
- Fair Value Through OCI FVOCIN
- Cost Method InvestmentsN
- Unrealized Gains and LossesM
- Realized Gains and LossesM
- Investment in SubsidiaryM
- Investment in Joint VentureN
- Debt SecuritiesM
- Equity SecuritiesM
- Amortized Cost InvestmentsN
- Impairment of InvestmentsM
Property Plant and Equipment
- LandM
- BuildingsM
- Machinery and EquipmentM
- Accumulated DepreciationB
- Depreciation ExpenseB
- Straight-Line DepreciationB
- MACRS DepreciationM
- Section 179 DeductionN
- Bonus DepreciationN
- Capital Expenditure CapExB
- Construction in Progress CIPN
- Leasehold ImprovementsN
- Capitalized InterestN
- Gain or Loss on DisposalM
- Asset Impairment PP&EM
Liabilities
Current Liabilities
Long-Term Liabilities
- Notes Payable Long-TermM
- Bonds PayableM
- Bond Premium on IssuanceN
- Bond Discount on IssuanceN
- Convertible DebtN
- Mortgage PayableM
- Lease Liability Long-TermM
- Deferred Tax LiabilityM
- Pension Obligation PBOM
- Warranty Liability Long-TermN
- Environmental Remediation LiabilityN
- Asset Retirement Obligation ARON
- Contingent Consideration EarnoutN
- Unrecognized Tax Benefits UTBN
Equity
Contributed Capital
Retained Earnings
Treasury Stock
Stock-Based Compensation
Revenue
Operating Revenue
Revenue Recognition
Non-Operating Income
Expenses
Cost of Goods Sold
Operating Expenses
Non-Operating Expenses
Financial Statements
Primary Statements
Line Items
Accounting Principles
GAAP
Accounting Cycle
Financial Ratios
Cost Accounting Terms
Cost Types
CVP Analysis
Variance Analysis
Tax Terms
Audit Terms
Testing
Time Value of Money
Derivatives Terms
Hedge Types
Budgeting Terms
Business Combinations Terms
Other Terms
Reports & Filings
Financial Statement
- Balance Sheet (Statement of Financial Position)
- Income Statement (Statement of Operations)
- Statement of Comprehensive Income
- Statement of Cash Flows (Report)
- Statement of Stockholders' Equity (Report)
- Notes to Financial Statements
- Interim Financial Statements
- Condensed Financial Statements
- Consolidated Financial Statements
- Combined Financial Statements
- Statement of Activities (Nonprofit)
- Statement of Functional Expenses (Nonprofit)
Financial Statement Disclosure
SEC Filing
- Form 10-K (Annual Report)
- Form 10-Q (Quarterly Report)
- Form 8-K (Current Report)
- Form S-1 (Registration Statement)
- Proxy Statement (DEF 14A)
- Form 20-F (Foreign Private Issuer Annual Report)
- Form 6-K (Foreign Private Issuer Current Report)
- Form ADV (Investment Adviser Registration)
- Form 11-K (Employee Stock Plan)
- Form 4 (Insider Transaction)
- Schedule 13D/13G (Beneficial Ownership)
- SEC Climate Disclosure Report
- XBRL/iXBRL Filing
- REIT Annual Report (SEC Filing)
Tax Return
- Form 1040 (Individual Income Tax Return)
- Form 1120 (Corporate Income Tax Return)
- Form 1120-S (S Corporation Tax Return)
- Form 1065 (Partnership Tax Return)
- Form 990 (Exempt Organization Return)
- Form 990-PF (Private Foundation Return)
- Form 706 (Estate Tax Return)
- Form 709 (Gift Tax Return)
- Form 941 (Employer Quarterly Payroll Tax)
- State Income Tax Return (Various)
- Sales and Use Tax Return (Various)
- Form 940 (FUTA Annual Return)
- VAT Return
- GST Return (India / Australia / Canada)
Tax Form
Tax Return / Regulatory Filing
Audit Report
Attestation Report
Accountant's Report
Government Report
Regulatory Filing
- Call Report (FFIEC 031/041/051)
- FR Y-9C (Bank Holding Company Report)
- DFAST / CCAR Stress Test Reports
- Statutory Annual Statement (Insurance)
- ORSA Summary Report (Insurance)
- EU COREP / FINREP Reports
- Basel III Pillar 3 Disclosure
- Solvency II Reports (Insurance - EU)
- Charity Commission Annual Return (UK)
- UK Annual Accounts (Companies House Filing)
- German Bundesanzeiger Filing (HGB)
- Japanese Annual Securities Report (Yukashoken Hokokusho)
- India MCA Annual Filing (ROC)
- China CSRC Annual Report
- SEC Reserve Report (Oil & Gas)
- CMS Cost Report (Form 2552)
- Suspicious Activity Report (SAR)
- Currency Transaction Report (CTR)
- FBAR / FinCEN 114 (Foreign Bank Account Report)
- Beneficial Ownership Information Report (BOI)
- PBGC Premium Filing (Form 1-ES)
- Customs Entry / Declaration
Management Report
- Management Discussion and Analysis (MD&A)
- Budget vs Actual Variance Report
- Flash Report (Preliminary Financial Summary)
- Rolling Forecast Report
- KPI Dashboard / Scorecard Report
- WIP Schedule (Construction)
- Aged Accounts Receivable Report
- Aged Accounts Payable Report
- Cash Flow Forecast
- Bank Reconciliation Report
- Intercompany Reconciliation Report
- Trial Balance Report
- General Ledger Detail Report
- Journal Entry Report
- Fixed Asset Register / Depreciation Schedule
- Payroll Register
- Rent Roll
- Operating Statement (NOI Report)
- Board Financial Package
Tax Provision Report
Grant Report
Nonprofit Report
Sustainability Report
Valuation Report
Transaction Report
Fiduciary Report
Industry Report
Employee Benefit Report
Governance Report
Governing Bodies
Financial Reporting Standards
Securities Regulation
Audit Oversight
Professional Standards (Private)
Government Audit
Government Accounting Standards
Federal Accounting Standards
Federal Budget and Reporting
Oversight of FASB/GASB
Tax Administration
Tax Policy
AML / Financial Crime
Tax Legislation
Bank Regulation
Bank Regulation / Deposit Insurance
Monetary Policy / Bank Supervision
Interagency Bank Examination
Insurance Regulation
Municipal Bond Regulation
Broker-Dealer Regulation
Pension Insurance
Employee Benefits Regulation
Consumer Finance
Healthcare Reimbursement
Telecommunications Regulation
International Financial Reporting Standards
Oversight of IASB/ISSB
Sustainability Reporting Standards
International Auditing Standards
Ethics Standards
Global Accountancy Profession
Public Sector Accounting Standards
International Tax Policy
Anti-Money Laundering
Customs / Trade
National Accounts
Banking Prudential Standards
Central Bank Cooperation
Global Financial Stability
Insurance Supervision Standards
EU Insurance / Pensions
EU Banking Regulation
Eurozone Monetary Policy / Bank Supervision
EU Reporting Standards
Environmental Disclosure
Climate Risk Disclosure
Biodiversity Disclosure
Industry-Specific Sustainability
Internal Audit Standards
IT Governance / Audit Standards
Management Accounting
Fraud Prevention / Detection
Business Valuation
Appraisal / Valuation
Internal Control Framework
Audit Quality
Digital Reporting Standards
Accounting / Audit
UK Audit and Reporting Regulation
UK Tax Administration
UK Company Registration
UK Charity Regulation
German Audit Profession
Japanese Accounting / Audit
Japanese Accounting Standards
Indian Accounting / Audit
Chinese Accounting / Audit
Islamic Finance Standards
Canadian Accounting
Canadian Accounting Standards
South African Accounting
Hong Kong Accounting
Australian Accounting
Australian Accounting Standards
Quality Management
International Standards
Environmental Research / GHG Protocol
Sustainable Business
Standards & Codification
US GAAP (ASC)
- ASC 105 — Generally Accepted Accounting Principles
- ASC 205 — Presentation of Financial Statements
- ASC 210 — Balance Sheet
- ASC 215 — Statement of Shareholder Equity
- ASC 220 — Income Statement — Reporting Comprehensive Income
- ASC 225 — Income Statement
- ASC 230 — Statement of Cash Flows
- ASC 235 — Notes to Financial Statements
- ASC 250 — Accounting Changes and Error Corrections
- ASC 260 — Earnings Per Share
- ASC 270 — Interim Reporting
- ASC 272 — Limited Liability Entities
- ASC 274 — Personal Financial Statements
- ASC 280 — Segment Reporting
- ASC 310 — Receivables
- ASC 320 — Investments — Debt Securities
- ASC 321 — Investments — Equity Securities
- ASC 323 — Investments — Equity Method and Joint Ventures
- ASC 326 — Financial Instruments — Credit Losses (CECL)
- ASC 330 — Inventory
- ASC 340 — Other Assets and Deferred Costs
- ASC 350 — Intangibles — Goodwill and Other
- ASC 360 — Property, Plant, and Equipment
- ASC 410 — Asset Retirement and Environmental Obligations
- ASC 420 — Exit or Disposal Cost Obligations
- ASC 450 — Contingencies
- ASC 460 — Guarantees
- ASC 470 — Debt
- ASC 480 — Distinguishing Liabilities from Equity
- ASC 505 — Equity
- ASC 606 — Revenue from Contracts with Customers
- ASC 610 — Other Income
- ASC 710 — Compensation — General
- ASC 712 — Compensation — Nonretirement Postemployment Benefits
- ASC 715 — Compensation — Retirement Benefits
- ASC 718 — Compensation — Stock Compensation
- ASC 730 — Research and Development
- ASC 740 — Income Taxes
- ASC 805 — Business Combinations
- ASC 810 — Consolidation
- ASC 815 — Derivatives and Hedging
- ASC 820 — Fair Value Measurement
- ASC 825 — Financial Instruments
- ASC 830 — Foreign Currency Matters
- ASC 835 — Interest
- ASC 840 — Leases (Superseded)
- ASC 842 — Leases
- ASC 845 — Nonmonetary Transactions
- ASC 848 — Reference Rate Reform
- ASC 850 — Related Party Disclosures
- ASC 855 — Subsequent Events
- ASC 860 — Transfers and Servicing
- ASC 905 — Agriculture
- ASC 912 — Contractors — Federal Government
- ASC 920 — Entertainment — Broadcasters
- ASC 926 — Entertainment — Films
- ASC 930 — Extractive Activities — Mining
- ASC 932 — Extractive Activities — Oil and Gas
- ASC 940 — Financial Services — Broker-Dealers
- ASC 942 — Financial Services — Depository and Lending
- ASC 944 — Financial Services — Insurance
- ASC 946 — Financial Services — Investment Companies
- ASC 948 — Financial Services — Mortgage Banking
- ASC 950 — Financial Services — Plan Accounting
- ASC 954 — Health Care Entities
- ASC 958 — Not-for-Profit Entities
- ASC 960 — Plan Accounting — Defined Benefit Pension Plans
- ASC 962 — Plan Accounting — Defined Contribution Pension Plans
- ASC 970 — Real Estate — General
- ASC 980 — Regulated Operations
- ASC 985 — Software
IFRS
- IAS 1 — Presentation of Financial Statements
- IAS 2 — Inventories
- IAS 7 — Statement of Cash Flows
- IAS 8 — Accounting Policies, Changes in Estimates and Errors
- IAS 10 — Events After the Reporting Period
- IAS 12 — Income Taxes
- IAS 16 — Property, Plant and Equipment
- IAS 19 — Employee Benefits
- IAS 20 — Accounting for Government Grants
- IAS 21 — Effects of Changes in Foreign Exchange Rates
- IAS 23 — Borrowing Costs
- IAS 24 — Related Party Disclosures
- IAS 26 — Accounting and Reporting by Retirement Benefit Plans
- IAS 27 — Separate Financial Statements
- IAS 28 — Investments in Associates and Joint Ventures
- IAS 29 — Financial Reporting in Hyperinflationary Economies
- IAS 32 — Financial Instruments: Presentation
- IAS 33 — Earnings Per Share
- IAS 34 — Interim Financial Reporting
- IAS 36 — Impairment of Assets
- IAS 37 — Provisions, Contingent Liabilities and Contingent Assets
- IAS 38 — Intangible Assets
- IAS 40 — Investment Property
- IAS 41 — Agriculture
- IFRS 1 — First-time Adoption of IFRS
- IFRS 2 — Share-based Payment
- IFRS 3 — Business Combinations
- IFRS 5 — Non-current Assets Held for Sale and Discontinued Operations
- IFRS 7 — Financial Instruments: Disclosures
- IFRS 8 — Operating Segments
- IFRS 9 — Financial Instruments
- IFRS 10 — Consolidated Financial Statements
- IFRS 11 — Joint Arrangements
- IFRS 12 — Disclosure of Interests in Other Entities
- IFRS 13 — Fair Value Measurement
- IFRS 15 — Revenue from Contracts with Customers
- IFRS 16 — Leases
- IFRS 17 — Insurance Contracts
IFRS Sustainability
PCAOB Auditing Standards
- AS 1301 — Communications with Audit Committees
- AS 2110 — Identifying and Assessing Risks of Material Misstatement
- AS 2201 — An Audit of Internal Control Over Financial Reporting (ICFR)
- AS 2401 — Consideration of Fraud in a Financial Statement Audit
- AS 2501 — Auditing Accounting Estimates
- AS 2810 — Evaluating Audit Results
- AS 3101 — The Auditor's Report on an Audit of Financial Statements
ISA (International)
- ISA 200 — Overall Objectives of the Independent Auditor
- ISA 315 — Identifying and Assessing Risks of Material Misstatement
- ISA 330 — The Auditor's Responses to Assessed Risks
- ISA 700 — Forming an Opinion and Reporting on Financial Statements
- ISA 701 — Communicating Key Audit Matters in the Independent Auditor's Report
US Legislation
- SOX — Sarbanes-Oxley Act of 2002
- Dodd-Frank — Dodd-Frank Wall Street Reform and Consumer Protection Act
- CTA — Corporate Transparency Act
- BSA — Bank Secrecy Act
- ERISA — Employee Retirement Income Security Act of 1974
- FCPA — Foreign Corrupt Practices Act
- Securities Act of 1933 — Securities Act of 1933
- Securities Exchange Act of 1934 — Securities Exchange Act of 1934
- IRC — Internal Revenue Code
- TCJA — Tax Cuts and Jobs Act of 2017
EU Legislation
UK Legislation
Formulas & Calculations
Liquidity
Profitability
Leverage
Efficiency
Valuation
Depreciation
Cost Accounting
Variance Analysis
Time Value of Money
Bonds
Revenue Recognition
Chart of Accounts
Asset
- 1000 — Cash - Operating
- 1010 — Cash - Payroll
- 1020 — Petty Cash
- 1050 — Cash Equivalents
- 1100 — Short-Term Investments
- 1150 — Restricted Cash
- 1200 — Accounts Receivable
- 1220 — Notes Receivable - Short-Term
- 1230 — Interest Receivable
- 1240 — Employee Receivables
- 1250 — Unbilled Receivables
- 1260 — Other Receivables
- 1300 — Raw Materials Inventory
- 1310 — Work-in-Process Inventory
- 1320 — Finished Goods Inventory
- 1330 — Merchandise Inventory
- 1400 — Prepaid Insurance
- 1410 — Prepaid Rent
- 1420 — Prepaid Taxes
- 1430 — Other Prepaid Expenses
- 1440 — Supplies on Hand
- 1450 — Contract Assets
- 1500 — Land
- 1510 — Buildings
- 1520 — Machinery and Equipment
- 1530 — Vehicles
- 1540 — Furniture and Fixtures
- 1550 — Computer Hardware
- 1560 — Leasehold Improvements
- 1570 — Construction in Progress
- 1600 — Goodwill
- 1610 — Patents
- 1620 — Trademarks
- 1630 — Customer Relationships
- 1640 — Software - Internally Developed
- 1650 — Software - Purchased
- 1660 — Other Intangible Assets
- 1700 — ROU Asset - Operating Leases
- 1710 — ROU Asset - Finance Leases
- 1800 — Long-Term Investments
- 1810 — Notes Receivable - Long-Term
- 1820 — Deferred Tax Asset
- 1830 — Cash Surrender Value - Life Insurance
- 1840 — Long-Term Deposits
- 1850 — Other Long-Term Assets
Contra Asset
- 1210 — Allowance for Doubtful Accounts
- 1340 — Inventory Reserve
- 1515 — Accumulated Depreciation - Buildings
- 1525 — Accumulated Depreciation - M&E
- 1535 — Accumulated Depreciation - Vehicles
- 1545 — Accumulated Depreciation - F&F
- 1555 — Accumulated Depreciation - Hardware
- 1565 — Accumulated Amortization - LHI
- 1670 — Accumulated Amortization - Intangibles
Liability
- 2000 — Accounts Payable
- 2010 — Accrued Wages and Salaries
- 2020 — Accrued Interest Payable
- 2030 — Accrued Taxes Payable
- 2040 — Income Tax Payable
- 2050 — Notes Payable - Short-Term
- 2060 — Line of Credit Payable
- 2070 — Current Portion of Long-Term Debt
- 2080 — Current Portion of Lease Liability
- 2100 — Unearned Revenue
- 2110 — Contract Liabilities
- 2120 — Customer Deposits
- 2130 — Sales Tax Payable
- 2140 — Payroll Tax Liabilities
- 2150 — Warranty Liability - Short-Term
- 2160 — Gift Card Liability
- 2170 — Refund Liability
- 2180 — Accrued Bonus Liability
- 2190 — Dividends Payable
- 2200 — Other Current Liabilities
- 2500 — Notes Payable - Long-Term
- 2510 — Bonds Payable
- 2520 — Mortgage Payable
- 2530 — Long-Term Bank Loans
- 2540 — Lease Liability - Long-Term
- 2600 — Deferred Tax Liability
- 2610 — Pension/OPEB Liability
- 2620 — Deferred Revenue - Long-Term
- 2630 — Asset Retirement Obligation
- 2640 — Environmental Remediation Liability
- 2650 — Warranty Liability - Long-Term
- 2660 — Deferred Compensation Liability
- 2670 — Contingent Consideration (Earnout)
- 2680 — Other Long-Term Liabilities
Contra Liability
Equity
- 3000 — Common Stock - Par Value
- 3010 — Preferred Stock - Par Value
- 3020 — Additional Paid-In Capital
- 3030 — APIC - Stock Options
- 3100 — Retained Earnings
- 3300 — AOCI - Foreign Currency Translation
- 3310 — AOCI - Unrealized Gain/Loss on AFS
- 3320 — AOCI - Pension Adjustments
- 3330 — AOCI - Cash Flow Hedges
- 3400 — Non-Controlling Interest
Contra Equity
Revenue
- 4000 — Sales Revenue
- 4010 — Service Revenue
- 4020 — Subscription Revenue
- 4030 — Licensing Revenue
- 4040 — Rental Revenue
- 4050 — Commission Revenue
- 4060 — Construction Revenue
- 4200 — Interest Income
- 4210 — Dividend Income
- 4220 — Gain on Sale of Assets
- 4230 — Gain on Investments
- 4240 — Foreign Exchange Gain
- 4250 — Equity Method Income
- 4260 — Other Income
Expense
- 5000 — Cost of Goods Sold
- 5010 — Cost of Services
- 5100 — Direct Materials
- 5110 — Direct Labor
- 5120 — Manufacturing Overhead Applied
- 5130 — Freight-In
- 6000 — Salaries and Wages Expense
- 6010 — Payroll Tax Expense
- 6020 — Employee Benefits Expense
- 6030 — Stock-Based Compensation Expense
- 6100 — Rent Expense
- 6110 — Utilities Expense
- 6120 — Insurance Expense
- 6130 — Office Supplies Expense
- 6140 — Advertising and Marketing Expense
- 6150 — Travel and Entertainment Expense
- 6160 — Professional Fees
- 6170 — Depreciation Expense
- 6180 — Amortization Expense
- 6190 — Repair and Maintenance Expense
- 6200 — Bad Debt Expense
- 6210 — Warranty Expense
- 6220 — Shipping and Delivery Expense
- 6230 — Research and Development Expense
- 6240 — Restructuring Charges
- 6250 — Impairment Losses
- 6260 — Charitable Contributions
- 6270 — Lease Expense - Operating
- 7000 — Interest Expense
- 7010 — Loss on Sale of Assets
- 7020 — Loss on Investments
- 7030 — Foreign Exchange Loss
- 7040 — Equity Method Loss
- 7050 — Loss on Debt Extinguishment
- 7060 — Penalties and Fines
- 8000 — Income Tax Expense - Current
- 8010 — Income Tax Expense - Deferred
Temporary
Journal Entry Patterns
Revenue
Inventory
PP&E
Intangibles
Payroll
Equity
Debt
Leases
Income Tax
Adjusting
Closing
Foreign Currency
Derivatives
Business Combinations
Contingencies
Abbreviations
Accounting Standards
Tax
International Tax / Policy
International Tax
Financial Instruments
Pension / Benefits
Inventory / Receivables
Inventory
Segment Reporting
Revenue Recognition
Leases
Fixed Assets / Intangibles
Operating Expenses
Expenses
Financial Analysis
Finance / Valuation
Valuation
Cash Flow Analysis
REIT / Real Estate
Efficiency Ratios
Tax / Nonprofit
AML / Tax
Legislation / Audit
Audit (IFRS)
Internal Controls
Liabilities
Equity
Equity / Income
Foreign Currency
International
Transactions
Capital Markets
Structured Finance
Stock Compensation
Compensation
Tax Depreciation
Cost Accounting
Management Accounting
Quality / Operations
Operations / Inventory
Information Systems
Digital Reporting
Sustainability
EU Sustainability
Investment / Fund
Healthcare / Insurance
Inventory / Construction
Shipping / Inventory
Financial Statements
SEC Disclosure
Measurement
Internal Audit
Government
Emerging / Digital Assets
Interest Rates
Interest Rates (legacy)
Payroll Tax
AML / Corporate Transparency
Nonprofit Endowments
Anti-Corruption
Tax Legislation
Tax / Energy Legislation
Government / Benefits
Securities Regulation
Audit Oversight
Government Standards
Sustainability Standards
Insurance (IFRS 17)
Insurance (US GAAP)
Financial Instruments (IFRS 9)
GAAP vs IFRS Differences
All
- Inventory - LIFO
- Inventory - Write-Down Reversal
- Development Costs
- PP&E - Revaluation
- PP&E - Componentization
- Impairment - PP&E Testing
- Impairment - Reversal
- Goodwill - Amortization
- Goodwill - Impairment
- Leases - Lessee Model
- Revenue Recognition
- Investment Property
- Government Grants
- Biological Assets
- Extraordinary Items
- Contingencies - Probability Threshold
- Contingencies - Measurement
- Pension - Actuarial Gains/Losses
- Pension - Net Interest
- Deferred Tax - Classification
- Deferred Tax - Uncertain Positions
- Stock Compensation - Forfeitures
- Consolidation - Model
- Joint Ventures
- Borrowing Costs
- Financial Instruments - Classification
- Financial Instruments - Impairment
- Insurance Contracts
- Interim Reporting
- Conceptual Framework - Asset/Liability
- Hyperinflationary Economies
- Segment Reporting
- Fair Value Measurement
- EPS
- Business Combinations
Career Paths
Public Accounting
Corporate Accounting
Corporate Finance
Corporate Tax
Internal Audit
Valuation
Cost Accounting
Technical Accounting
SEC Reporting
Payroll
Treasury
Sustainability
IT Audit
Compliance
Actuarial
Industries
All
- Manufacturing
- Retail and E-Commerce
- Technology and SaaS
- Banking and Financial Services
- Insurance
- Investment Management
- Healthcare - Providers
- Pharmaceutical and Biotech
- Oil and Gas - Upstream
- Oil and Gas - Midstream and Downstream
- Mining and Metals
- Real Estate - Commercial
- Real Estate - REITs
- Construction
- Government - Federal
- Government - State and Local
- Nonprofit - Charitable
- Higher Education
- Airlines
- Shipping and Logistics
- Telecommunications
- Media and Entertainment - Film/TV
- Media and Entertainment - Music
- Gaming and Casinos
- Sports
- Agriculture and Agribusiness
- Utilities and Regulated Industries
- Private Equity and Venture Capital
- Cryptocurrency and Digital Assets
- Defense and Aerospace
Key Dates & Deadlines
Tax
- January 31 — W-2 / 1099 filing deadline
- March 15 — Partnership (1065) and S-Corp (1120-S) tax return due
- April 15 — Individual (1040) and C-Corp (1120) tax return due
- April 15 — Q1 estimated tax payment due
- June 15 — Q2 estimated tax payment due
- September 15 — Extended partnership/S-corp returns due; Q3 estimated tax
- October 15 — Extended individual (1040) returns due; extended C-Corp (1120) due
- January 15 — Q4 estimated tax payment due
- Last day of each month — Form 941 (Payroll Tax) - monthly depositors
- January 31; April 30; July 31; October 31 — Form 941 quarterly filing
Tax / Nonprofit
SEC
- 60 days after FYE — 10-K due (Large Accelerated Filer)
- 75 days after FYE — 10-K due (Accelerated Filer)
- 90 days after FYE — 10-K due (Non-Accelerated Filer / SRC)
- 40 days after quarter end — 10-Q due (Large Accelerated / Accelerated)
- 45 days after quarter end — 10-Q due (Non-Accelerated / SRC)
- 4 business days — 8-K due after triggering event
- 2 business days — Form 4 (Insider Transaction) due
- 120 days after FYE — Proxy statement (DEF 14A) due
Government / Nonprofit
International Tax
Effective Date
- 2018 — ASC 606 / IFRS 15 effective (public)
- 2019 — ASC 842 effective (public)
- 2020 — ASC 326 (CECL) effective (public)
- 2023 — ASC 944 LDTI effective; IFRS 17 effective
- 2024 — EU CSRD effective (large companies); ISSB S1/S2 effective
- 2025 — ASC 350-60 (Crypto) effective; BOI reporting
- 2024-2028 — Basel III final reforms phase-in
Penalties & Thresholds
Penalty
- Failure to File Tax Return
- Failure to Pay Tax
- Accuracy-Related Penalty
- Fraud Penalty
- Estimated Tax Underpayment Penalty
- Late W-2 / 1099 Filing Penalty
- FBAR Non-Filing Penalty (Non-Willful)
- FBAR Non-Filing Penalty (Willful)
- SEC Late Filing (10-K / 10-Q)
- SEC Civil Penalties (Entity)
- SEC Civil Penalties (Individual)
- SOX §302 False Certification
- SOX §906 Willful False Certification
Incentive
Threshold
- Single Audit Threshold
- FBAR Reporting Threshold
- CTR Reporting Threshold
- REIT Distribution Requirement
- ACA Medical Loss Ratio (Individual/Small Group)
- ACA Medical Loss Ratio (Large Group)
- Large Accelerated Filer Threshold
- Accelerated Filer Threshold
- Smaller Reporting Company (SRC) Threshold
- OECD CbCR Threshold
- OECD Pillar Two (Global Minimum Tax)
- EU CSRD Reporting Threshold
- ERISA Plan Audit Threshold
- BOI Reporting Exemption (Large Company)
- Section 179 Annual Limit (2024)
- Gift Tax Annual Exclusion (2024)
- Estate Tax Exemption (2024)