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P as the fifth letter in a
P&A, dependent upon usage, can be: Parts
P&L see PROFIT AND LOSS STATEMENT.
P/E RATIO (PRICE/EARNINGS RATIO) is a stock
PA is Public Accountant.
PA'ANGA is a currency of Tonga.
PAC BOND is a planned amortization class
PACKING CREDIT is any loan or advance
PACKING LIST is a statement of the
PACKING SLIP see PACKING LIST.
PAID IN SURPLUS
PAID IN SURPLUS see PAID-IN-CAPITAL.
PAID-IN-CAPITAL is capital received from investors for
PAID-UP CAPITAL is the total amount paid
PAPER is: a. amount received, by a
PAPER GAIN (LOSS)
PAPER GAIN (LOSS) is an unrealized capital
PAR VALUE is a. the maturity value
PARALLEL PROCESSING is the simultaneous performance of
PARALLEL SIMULATION TESTING
PARALLEL SIMULATION TESTING is the simultaneous performance
PARENT COMPANY is a company of which
PARENT ENTITY see PARENT COMPANY.
PARETO PRINCIPLE/LAW see 80 - 20 RULE.
PARI PASSU is to do or apply
PARITY BIT is a redundant bit added
PARTNERSHIP is an unincorporated business that has
PAS could mean: Personal Accounting System, Personnel
PASS-THROUGH is a mortgage or asset-backed security
PASS-THROUGH GRANTS as defined under GASB Statement
PASSIVE ACTIVITY is defined in the US
PASSWORD is a sequence of characters required
PATACA is a currency of Macao.
PATENT is a legal form of protection
PAY CYCLE is a set of rules
PAYABLE is an amount awaiting payment to
PAYABLE TO SHAREHOLDERS
PAYABLE TO SHAREHOLDERS normally refers to distribution
PAYABLES TURNOVER is calculated: Payables Turnover =
PAYBACK PERIOD, in capital budgeting, is the
PAYDOWN is the systematic reduction in principal of
PAYMENT is the satisfaction of a debt
PAYMENT DUE DATE
PAYMENT DUE DATE is the date on
PAYMENT ON ACCOUNT
PAYMENT ON ACCOUNT see ON ACCOUNT.
PAYMENT TERMS is the legal or contractual
PAYOUT RATIO is dividends paid divided by
PAYROLL, dependent upon usage, can mean a.
PAYROLL BURDEN, in the U.S., includes the
PAYROLL VARIANCE is the difference between actual
PBC LIST (PROVIDED BY CLIENT LIST) is
PBT see PROFIT BEFORE TAXES.
PC is an acronym for Professional Corporation
PCPS is Private Companies Practice Section.
PDI can mean Personal Disposable Income or
PEACHTREE is commercial accounting software developed and
PEAK is the period of maximal use
PEER REVIEW, in accounting, is a practice
PEG RATIO compares earnings growth and the
PEGBOARD SYSTEM see ONE-WRITE SYSTEM.
PENCE is a currency of Falkland Islands,
PENDING usually refers to either: 1. Not
PENGÖ is a currency of Hungary.
PENNY STOCKS are those securities that are
PENNY STOCK RULES
PENNY STOCK RULES, SEC Rule 15g-9, known
PENSION is a regular payment to a
PENSION FUND is a fund reserved to
PENSION MAXIMIZATION is a controversial strategy, often
PEP see PERSONAL EQUITY PLAN.
PER CAPITA INCOME
PER CAPITA INCOME is the mean income
PER DIEM is a. one every day
PERCENTAGE DESIGN, in construction, is the percentage
PERCENTAGE LEASE is a type of lease
PERCENTAGE OF COMPLETION METHOD OF ACCOUNTING
PERCENTAGE OF COMPLETION METHOD OF ACCOUNTING is
PERFORMANCE BUDGET is a budget format that
PERFORMANCE INDICATORS are those empirical data points
PERFORMING ASSET is an asset that provides
PERIOD COST is an expense that is
PERIODIC VALUATION allows for the determination on
PERIODICITY CONCEPT is the concept that each
PERMANENCE is the quality or state of
PERMANENT ACCOUNTS see REAL ACCOUNTS.
PERMANENT AUDIT DOCUMENTATION
PERMANENT AUDIT DOCUMENTATION includes items of continuing
PERPETRATE is to carry out an action,
PERPETUAL is a fixed income security with no
PERPETUAL INVENTORY is an inventory accounting system
PERPETUAL SUCCESSION is one of the legal
PERPETUAL VALUATION see MARKET VALUE.
PERPETUITY, in finance, is an annuity payable
PERSISTENT EARNINGS is the level of earnings,
PERSONAL ACCOUNTS represents money due to or
PERSONAL EQUITY is that portion of equity
PERSONAL EQUITY PLAN
PERSONAL EQUITY PLAN (PEP) was an investment
PERSONAL LOAN is a short-term loan that
PERSONAL PROPERTY means property of any kind
PERSONNEL is the department that maintains records
PERSUASIVE is having the power to influence.
PERT is Program Evaluation and Review Technique.
PERTURBATION CONTROL is a restriction control to
PERVASIVE is having the ability to permeate.
PERVASIVENESS OF ESTIMATES
PERVASIVENESS OF ESTIMATES means that the estimates
PESETA is a currency Spain.
PESO is a currency of Argentina, Bolivia,
PESO BOLIVIANO is a currency of Bolivia.
PESO ORO is a currency of Colombia,
PETTY is small and of little importance.
PETTY CASH, normally, is an account and
PFENNIG is a currency of Germany.
PHANTOM PROFIT is hypothetical profit, i.e., no
PHINet is Prentice-Hall's Information Network.
PHYSICAL INVENTORY is the counting of all
PHYSICAL STOCK-TAKE see PHYSICAL INVENTORY.
PIASTRE is a currency of Cambodia, Laos,
PICKUP, in securities, is the higher yield obtained
PICPA is Pennsylvania Institute of Certified Public
PIECEMEAL OPINION is an expression of an opinion
PIERCING THE CORPORATE VEIL
PIERCING THE CORPORATE VEIL is a legal
PIGGYBACK, dependent upon usage, can mean: 1.
PINK PEARL is a type of a
PINK SHEETS is a privately owned company
PIPE (Private Investment in Public Equity) refers
PISCAN DOCUMENT, a precursor of double entry
PISO is a currency of the Philippines.
PITI is an acronym for Principal, Interest,
PLACEMENT is bank depositing Eurodollars with (selling
PLANT ASSET is a non-current physical asset
PLEDGE is a. the transfer or assignment
PLEDGE BOND see PLEDGED REVENUES.
PLEDGED ACCOUNTS RECEIVABLE
PLEDGED ACCOUNTS RECEIVABLE is short-term borrowing from
PLEDGED ASSET is an asset that is
PLEDGED REVENUES is funds generated from revenues
PLS see PROFIT AND LOSS SHARING.
PLUG is a variable that handles financial
PLUG NUMBER see COST OF GOODS SOLD.
PLUM is an investment with a healthy
PMSI is Purchase-Money Security Interest; it is
PNL is Profit and Loss (statement/analysis; business/accounting).
POB is Public Oversight Board.
POINT OF is a positional determinant or
POINTS are additional fee paid to a
POISON PILL is where the targeted company
POLITICAL COSTS HYPOTHESIS
POLITICAL COSTS HYPOTHESIS predicts that firms with
POOL is: 1. a group of people
POOLING OF INTEREST METHOD
POOLING OF INTEREST METHOD is an accounting
POOLING-OF-INTERESTS, in the US, is the method
POP see PROOF OF POSTING.
PORTFOLIO is a term for describing all
PORTFOLIO DISCOUNT is an amount or percentage
POS is Point-Of-Sale.
POSITIVE ACCOUNTING THEORY
POSITIVE ACCOUNTING THEORY is where theorists tend
POSITIVE ASSURANCE, in accounting, is a statement as
POSITIVE CONFIRMATION is the positive form of
POSITIVE REQUEST see POSITIVE CONFIRMATION.
POST is the transfer of accounting entries
POST DATE is placing on a document
POSTING, in bookkeeping, is to list on
POSTULATE, in logic, is a proposition that
POUND is a currency of Biafra, Cyprus,
PPBS is PPBS is Program Planning Budgeting
PPE can mean either Property, Plant, and
PPI see PRODUCER PRICE INDEX.
PPS see PROBABILITY PROPORTIONAL TO SIZE SAMPLING.
PPV is Purchase Price Variance.
PR is an acronym for, among others,
PRACTICAL CAPACITY is where the cost of
PRE-OPERATING COSTS are costs that are deferred
PRE-TAX INCOME/PROFIT see PROFIT BEFORE TAXES.
PREDECESSOR AUDITOR is the auditor of a
PREDICTOR RATIOS: Most ratios are descriptive in
PREEMPTIVE RIGHT is the right of a
PREFERENCE SHARE see PREFERRED STOCK.
PREFERENCE SHARE CAPITAL
PREFERENCE SHARE CAPITAL is capital raised by
PREFERRED BIDDER is the bidder who is
PREFERRED CREDITOR is a creditor whose account
PREFERRED STOCK, usually, non-voting capital stock that
PREMISE OF VALUE
PREMISE OF VALUE is an assumption regarding
PREMIUM BOND is a bond selling above its
PREMIUM ON CAPITAL STOCK
PREMIUM ON CAPITAL STOCK is excess received
PREPAID EXPENSES are amounts that are paid
PREPAID RENT see PREPAID EXPENSES.
PREPAYMENT is the payment of all or
PREPAYMENT RISK, in the area of mortgage-backed securities,
PREREFUNDING is the the issuing of new
PRESCRIBED SECURITY generally means any bond, debenture,
PRESENT VALUE is the discounted value of
PRETAX INCOME is a profitability measure that looks
PREVENTATIVE CONTROL is a control designed to
PRICE is the property of having material
PRICE CEILING is a government-imposed limit on
PRICE EARNING RATIO
PRICE EARNING RATIO see PRICE EARNINGS MULTIPLE.
PRICE EARNINGS MULTIPLE
PRICE EARNINGS MULTIPLE: The price-earnings ratio (P/E)
PRICE ELASTICITY is the degree to which
PRICE FIXING is an illegal practice where
PRICE MIX is the value of the
PRICE TO BOOK
PRICE TO BOOK is a financial ratio
PRICE TO CASH FLOW
PRICE TO CASH FLOW is a measure
PRICE TO EARNINGS RATIO
PRICE TO EARNINGS RATIO (P/E) is a
PRICE TO REVENUE
PRICE TO REVENUE is a financial ratio
PRICE TO SALES
PRICE TO SALES see PRICE TO REVENUE.
PRIMARY DATA is data that has not
PRIMARY DEALER is a designation given by
PRIMARY MARKET is the first sale of
PRIME BROKERS are providers of back-office administration
PRIME COST is equal to the sum
PRIME RATE is the interest rate that
PRINCIPAL is: a. a person who has
PRINCIPAL AUDITOR is the auditor responsible for
PRINCIPLES-BASED ACCOUNTING provides for few exact rules
PRIOR PERIOD refers to accounting periods that
PRIVATE CORPORATION is a corporation that ownership
PRIVATE EQUITY is equity securities of unlisted
PRIVATE LEDGER see LEDGER.
PRIVATE PLACEMENT is investments in companies that
PRIVATE PLACEMENT (DEBT)
PRIVATE PLACEMENT (DEBT) is the sale of
PRO RATA is the basis for allocating
PRO-FORMA is to provide in advance to
PRO-FORMA FINANCIAL STATEMENT
PRO-FORMA FINANCIAL STATEMENT is a financial statement
PRO-FORMA INVOICE is a price quote. It
PROBABILITY PROPORTIONAL TO SIZE SAMPLING (PPS)
PROBABILITY PROPORTIONAL TO SIZE SAMPLING (PPS) is
PROBABLE an event happening is probable if
PROCEEDS, generally in business, is the total
PROCESS is to subject to a process
PROCESS ACCOUNTING see PROCESS COSTING.
PROCESS COSTING is a method of cost
PROCESSING CONTROL, in accounting, is an internal
PROCUREMENT, from a business perspective, is the
PRODUCER PRICE INDEX
PRODUCER PRICE INDEX (PPI) measures the average
PRODUCT is: a. the end result of
PRODUCT COST is cost of inventory on
PRODUCT INVOICE is an invoice associated with
PRODUCT MIX involves planning and developing the
PRODUCTION is the creation of value or
PRODUCTION BUDGET is used to propose how
PRODUCTIVE ACTIVITY usually is defined as including
PRODUCTIVITY is a measured relationship of the
PRODUCTIVITY RATIO is the ratio of outputs
PROFESSIONAL FEE is that fee charged for
PROFESSIONAL INVOICE is an invoice associated with
PROFESSIONAL SERVICES are those services offered by
PROFESSIONAL SUBSCRIBER means all other persons who
PROFIT is the excess of revenues over
PROFIT & LOSS ACCOUNT
PROFIT & LOSS ACCOUNT shows the net
PROFIT AFTER TAX
PROFIT AFTER TAX (PAT) is the net
PROFIT AND LOSS SHARING
PROFIT AND LOSS SHARING (PLS) is the
PROFIT AND LOSS STATEMENT
PROFIT AND LOSS STATEMENT (P&L) is also
PROFIT BEFORE TAXES
PROFIT BEFORE TAXES (PBT) is a profitability
PROFIT CENTER is a section of an
PROFIT MARGIN ON SALES
PROFIT MARGIN ON SALES is: a. Gross
PROFIT MULTIPLE: Profit and sales multiples are
PROFITABILITY is companys ability to generate revenues
PROFITABILITY RATIOS are measures of performance showing
PROGRAM BUDGET is a budget wherein inputs
PROGRESS BILLINGS are interim billings for construction
PROGRESSIVE TAX is an income tax system
PROJECTION is an approximation of future events.
PROMISES FOR THE FUTURE
PROMISES FOR THE FUTURE is not a
PROMISSORY NOTE, usually just called a note,
PROMOTIONAL ALLOWANCES are offered by manufacturers to
PROOF OF CASH
PROOF OF CASH is a reconciliation of
PROOF OF POSTING
PROOF OF POSTING (POP) is: a. to
PROPORTIANATE UNIT CONCEPT
PROPORTIANATE UNIT CONCEPT is where a value
PROPRIERTORSHIP see SOLE PROPRIERTORSHIP.
PROPRIETARY is an account, item, or information
PROPRIETARY ASSET, usually, is any asset that
PROPRIETARY THEORY is where no fundamental distinction
PROPRIETORS DRAW is when a business proprietor
PROPRIETORS FUNDS is owners capital plus net
PROSPECTIVE FINANCIAL STATEMENTS
PROSPECTIVE FINANCIAL STATEMENTS are either financial forecasts
PROSPECTIVE PAYMENT SYSTEM
PROSPECTIVE PAYMENT SYSTEM (PPS), in healthcare, is
PROSPECTIVE REIMBURSEMENT, in healthcare, is a reimbursement
PROSPECTUS is the disclosure document for an
PROVISION, generally, is to prepare in advance
PROVISION FOR CREDIT LOSSES
PROVISION FOR CREDIT LOSSES, in lending institutions,
PROX see PROXIMO.
PROXIMO (usually abbreviated to PROX) means of
PROXY is a person authorized to act
PRUDENCE is having foresight and caution along
PRUDENCE CONCEPT, otherwise known as conservatism, says
PTI is Pretax Income.
PUBLIC ACCOUNTING means the performance of or
PUBLIC CORPORATION is a corporation formed by
PUBLIC DEBT OFFICE
PUBLIC DEBT OFFICE, in the U.S., is
PUBLIC FUNDS is money funded in government
PUBLIC OFFERING is the sale of a
PUBLIC OWNERSHIP is either: a. Government ownership
PULA is a currency of Botswana.
PUNT is a currency of Republic of
PURCHASE ACCOUNT is an account in which
PURCHASE AGREEMENT is a contract stating the
PURCHASE DISCOUNT is a reduction in the
PURCHASE METHOD is accounting for an acquisition
PURCHASE MONEY AGREEMENT
PURCHASE MONEY AGREEMENT is an agreement under
PURCHASE MONEY INTEREST
PURCHASE MONEY INTEREST is that interest associated
PURCHASE MONEY MORTGAGE
PURCHASE MONEY MORTGAGE (PMM) is seller financing
PURCHASE ORDER is a written authorization for
PURCHASE REQUISITION is a written request for
PURCHASE RETURNS is a contra purchase account
PURCHASES BUDGET is a budget of the
PURCHASES LEDGER see LEDGER.
PURCHASING POWER is the value of a
PURE COST is any direct readily verifiable
PURE RESEARCH is motivated exclusively by the
PUSH-DOWN ACCOUNTING, in acquisitions, is an exception
PUSH-PULL STRATEGY is the effective simultaneous use
PUT OPTION is the right but not
PUT WARRANT is a security that, in
PUTABLE BOND is a bond that contains a
PV CHART is Profit-Volume Chart.
accounting terms that start with
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