Total Stockholders' Equity
Total Stockholders' Equity equal Stockholders' Equity
OpenFinancial Dictionary
Accounting & Finance Terms (English)
trade accounts receivable
Amounts due from customers are also called accounts receivable or customer accounts.
Opentrade discount
A trade discount is a discount that does not appear in the price list, but the discount is specific to each customer. For example, if there is a company that has customers who buy products worth $1 mi...
Opentrademark
An intangible asset that is recorded at cost (or less) in the balance sheet. It may consist of a name or a logo. Trademarks must be registered with the legal authorities for this.
OpenTransfer pricing
Pricing transactions between related parties.
OpenTrial Balance
A listing of account balances from the ledger, the amounts in the debit column should equal the total of the amounts in the credit column, A trial balance is usually prepared at the end of an accounti...
OpenTrial Balance
A trial balance summarizes all account balances to ensure total debits equal total credits. It is a key step before preparing financial statements.
OpenTrial Balance
A trial balance is a list of all ledger accounts and their debit or credit balances at a point in time.
OpenTrial Balance
A statement of all debits and credits in a double-entry account book, with discrepancies highlighted.
OpenTrial Balance
A statement of all debits and credits in a double-entry account book, with discrepancies highlighted.
OpenTrial Balance After Adjusting Entries
It is the trial balance after making the necessary adjustments to complete the financial reporting process.
OpenTurnover
Turnover or volatility, if linked to something else, means the turnover rate of something, such as the inventory turnover rate, the assets turnover rate, or the accounts receivable turnover rate, etc....
OpenTurnOver Of Account Recivables
The accounts receivable turnover ratio is a simple metric that is used to measure how effective a business is at collecting debt and extending credit. It is calculated by dividing net credit sales by ...
Openunderwriter
In securities, the guarantor is the party who helps the company issue stocks or bonds, and in insurance, it is the insurance agent who insures the insurance policy.
OpenUnearned revenue
Payments received for services not yet performed.
OpenUnearned Revenue
Unearned revenue is money received before providing goods or services. It is recorded as a liability until the company fulfills its obligation.
Openunit-level activity
Unit-level activity Activities that relate to the number of output units; Each additional unit of production requires another activity
OpenValuation
Valuation is the process of determining the value of a company's assets.
OpenValue added tax
Indirect tax charged on the value added to goods and services.
OpenValue Added Tax (VAT)
VAT is a consumption tax charged on the value added at each stage of the supply chain.
OpenValue Chain
Value Chain is the sequential set of primary and support activities that an enterprise performs to turn inputs into value-added outputs for its external customers. As developed by Michael E. Porter, i...
OpenVALUE FOR MONEY
Value for money is in the perception of the buyer or recipient of goods and/or services. Evidence of good value for money is the belief or conclusion that the goods/services received were worth the pr...
OpenVALUE IN USE
The value in use is the value of the asset in the owner's opinion.
OpenValue in use
The present value of future cash flows expected from an asset.
OpenVALUE MANAGEMENT
Value management is the application of established techniques to help define and improve business needs, delivery strategy and best value concept by defining customer goals and values and defining suc...
OpenVAR
is an acronym for Value-Added Reseller (usually of technology products); or, in finance, Value at Risk.
Openvariable cost
Variable cost is a cost that changes in proportion to changes in volume or activity. For example, the cost of producing one unit requires $30 in materials. The greater the volume of production, the gr...
Openvariable cost ratio
The variable cost ratio is the variable costs of goods sold divided by net sales,
Openvariable costing
Variable costing is a method of calculating costs in which inventory is carried with direct costs and variable factory expenses to determine the income statement. For example, workers’ wages for unsol...
OpenVariable Costs
Variable Costs are those costs associated with production that changes directly with the amount of production, e.g.,the direct material or labor required to complete the build or manufacturing of a pr...
OpenVariable costs
Costs that change directly with production volume.
Openvariable expenses
Variable expenses are the expenses that are charged as an expense to reach the cost of goods sold, and variable expenses are the variable cost that varies according to the size of the activity. For ex...
Openvariable manufacturing overhead applied
The variable manufacturing costs other than direct materials and direct labor that have been assigned to the products manufactured via a predetermined rate. Ideally, by the end of the accounting year ...
Openvariable manufacturing overhead efficiency variance
Variable manufacturing efficiency variance is a variance arising in a standard costing system that refers to the difference between the standard amount of variable manufacturing costs for good units p...
Openvariable manufacturing overhead incurred
Variable manufacturing costs incurred are the actual cost incurred for manufacturing costs other than direct materials and direct labor which increase as production volume increases. Examples include ...
Openvariable manufacturing overhead spending variance
Variable manufacturing overhead variance A variance arising in a standard costing system that refers to the difference between actual variable manufacturing overhead costs incurred and expected variab...
OpenVariance
Variance The deviation or difference between the estimated value and the actual value.
OpenVariance analysis
Analysis of variance is the analysis of performance by means of variances. It is used to enhance management actions at the earliest possible stages. After the budget is established (based on standard ...
Openvariances
Variances are deviations from the norm that may provide warning signs of situations requiring corrective action by managers
OpenVAT Digital
Value Added Tax compliance and reporting through digital platforms.
OpenVAT Return
A VAT return is a periodic report summarizing output VAT, input VAT, and the net VAT payable or refundable.
OpenVenture Capital
Venture Capital is an investment company whose primary goal is capital growth. New assets are largely invested in companies that are developing new ideas, products, or processes, and are also referred...
OpenWACC
Means Weighted Average Cost of Capital.
Openwages
Wages are the actual rewards paid to the employee in exchange for the services provided, and the wages paid on a daily or hourly basis, not on a weekly or monthly basis. Wages are usually called worke...
Openwages expense
The compensation earned by hourly-paid employees during the interval of time indicated in the heading of the income statement. Under the accrual basis of accounting, the date that wages are paid does ...
OpenWalkthrough test
A procedure where the auditor follows a transaction from initiation to recording.
OpenWall Street
Financial district of New York in lower Manhattan; the American equivalent of the City of London; used as a synonym for the U.S. financial markets.
OpenWithholding tax
Tax withheld at source on certain payments.
OpenWitness
is an individual who testifies at a trial on what he has seen, heard, or otherwise observed.
OpenWork Sheet
is a document or schedule in which an accountant or auditor gathers information to substantiate an opinion concerning an account balance or test of transaction.
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