Canadian Financial, Real Estate and Mortgage Glossary

Accounting Terms

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Absolute Priority Rule — Certified General Accountant
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absolute priority rule (APR)Acronym (Legal, Management)
A rule where creditors get paid before a shareholder on outstanding debts or claims when liquidating or reorganizing a company.
  ➥  In relation to creditor claims.
accelerated cost recovery system (ACRS)United States, Low Relevance
  ➥  A depreciation method used in US tax law.
account transfer voucher (ATV)Acronym, Low Relevance
accountant (acct)Abbreviation (Business, Classifieds) (Abbreviation), Low Relevance
accounting (Acctg)Abbreviation (Business, Classifieds) (Abbreviation), Low Relevance
accounting of sale (AOS)Acronym (Property Listing, Realty, Classifieds), Low Relevance
accounting period (AP)Definition (Financial-banking), Important
The time period used in a set of accounting books or financial statements, often 12 months.
accounting rate of interest (ARI)Acronym (Management)
accounting rate of return (AROR, ARR)Acronym (Measurement, Investment), Low Relevance
accounts payable (A/P, AP)Definition (Business) (Investments, Financial-banking)
Money owed by a business for goods and services received.
accounts payable accounting and reporting system (APARS)Acronym, Low Relevance
accounts payable and purchase orders (APPO)Acronym, Low Relevance
accounts payable management (APM)Acronym, Low Relevance
accounts payable module (APM)Acronym, Low Relevance
accounts payable system (APS)Acronym
accounts payable/accounts receivable (APAR)Acronym, Low Relevance
accounts receivable (A/R, AR)Definition (Investments, Financial-banking), Important
Money owed to a business by purchasers of goods and/or services.
accounts receivable cash basis (ARCB)Acronym, Low Relevance
accounts receivable/accounts payable (AR/AP)Acronym
accrued interest receivable (AIR)Acronym (Business)
When interest on an outstanding receivable has been added to the account, but has not yet been collected.
accumulated amortization (AA)Acronym
The offset of accumulated depreciation, accumulated amortization records the total to date of the periodic amortized charges relating to an intangible asset (e.g. Leasehold, patent, covenant, software license) since placed in service.
activity-based costing (ABC)Acronym (Management), Low Relevance
adjusted gross income (AGI)Acronym (Taxes, Finance), Low Relevance
adjusted net cash flow (ANCF)Acronym (Finance), Low Relevance
adjusted net operating income (ANOI)Acronym (Finance), Low Relevance
adjusted operating cash flow (AOCF)Acronym (Finance)
adjusted operating profit (AOP)Acronym
administrative & general (A&G)Acronym (Finance), Low Relevance
advanced manufacturing technology (AMT)Acronym (Management), Low Relevance
African, Caribbean, Pacific (ACP)Acronym (Stock Market, Finance, Management, Financial Derivatives), Low Relevance
aged trial balance (ATB)Acronym
A ledger style view of client transactions usually showing accounts receivable or outstanding amounts sorted by date.
alternative measurement method (AMM)Acronym, Low Relevance
analysis of variance (ANOVA)Acronym (Statistics, Econometrics, Management), Low Relevance
annualized return on investment (AROI)Acronym (Measurement, Investment), Low Relevance
anti-money laundering (AML)Acronym (Taxes, Banking, Tax Invasion, Legal), Low Relevance
area median gross income (AMGI)United States, Low Relevance
  ➥  A US taxation term.
asset, liability, owner's equity, revenue, expense (ALORE)Acronym (Liability Insurance), Low Relevance
available separate consolidated net income (ASCNI)Acronym (Finance), Low Relevance
average collection period (ACP)Acronym
Average numbers of days it takes to acquire receivables.
average incremental cost (AIC)Acronym (Management), Low Relevance
average marginal incremental cost (AMIC)Acronym (Management), Low Relevance
balance (bal.)Definition (Banking, Classifieds) (Financial-banking, Abbreviation)
The amount of money in your account.
balance sheet (B/S, BS)Definition (Investments, Insurance, Financial-banking), Low Relevance
A listing of a business' assets, liabilities and ownership equity as of a specific date.
balance sheet account (BSA)Acronym, Low Relevance
balance sheet analysis (BSA)Acronym (Finance), Low Relevance
balance sheet management plan (BSMP)Acronym, Low Relevance
balance sheet net income (BSNI)Acronym, Low Relevance
balance-sheet equation (BSE)Acronym, Low Relevance
bill of sale (BS)Definition (Real-estate, Legal-contracts), Important
A written document that serves as evidence of the transfer of title to personal property.
billing and accounts receivable (BAR)Acronym
bookkeeper (bkkpr)Abbreviation (Classifieds) (Abbreviation), Low Relevance
business as usual (BAU)Acronym (Business, Management)
business innovation centre (BIC)Acronym (Management), Low Relevance
business-to-business (B2B)Acronym (Management), Low Relevance
Canadian Academic Accounting Association (CAAA)Company, Ottawa, Ontario, Canada
  ➥  Research and education in accounting related areas.
Canadian Institute of Chartered Accountants (CICA)Company Est.1902, Canada, Important
  ➥  Non-profit entity incorporated by a Special Act of the Canadian Parliament.
capital asset pricing model (CAPM)Acronym (Management), Low Relevance
capital gain (CG)Definition (Taxes, Finance) (Investments, Taxation, Financial-banking), Important
The profit made by the seller when real estate or other capital assets are sold. Capital gains are taxed more favourably than earned income. However, this can be dependent on your tax bracket and the length of time you owned the asset before it was sold. You could pay approximately one-third to one-half less tax than you would pay on the same amount of earned salary.
capital-saving technology (CST)Acronym (Management), Low Relevance
cash flow from operating activities (CFO, CFOA)Acronym, Low Relevance
Refers to the amount of cash a company generates from revenues excluding costs associated with long-term investment on capital items or investment in securities.
  ➥  More commonly known as just CFO.
cash flow return on investment (CFROI)Acronym (Measurement, Business, Finance, Investment), Important
cash net income (CNI)Acronym (Finance), Low Relevance
Certificate of Financial Crime Analysis (CFCA)Seneca College
  ➥  Course studying fraud prevention & detection as well as anti money laundering.
certified accounts payable professional (CAPP)Acronym (Accreditation) (Designation), Low Relevance
Certified General Accountant (CGA)Certified General Accountants Association
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Absolute Priority Rule — Certified General Accountant
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Certified Management...Flexible Manufacturing...

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Index of Accounting Terms

Page 1: Absolute Priority Rule
Certified General Accountant
Page 2: Certified Management...
Flexible Manufacturing...
Page 3: Fraud Prevention & Detection
Multi-Criteria Analysis
Page 4: Multi-Criteria Decision...
Research, Development and...
Page 5: Return on Assets
Zero-Base Budgeting

Notable Terms

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