Terms starting with
Bond Discount
A bond discount occurs when a bond is issued for less than its face value. This happens when the bond’s coupon rate is lower than…
READ MOREBilled Revenue
Billed revenue is income that has been invoiced to customers but not necessarily collected yet. It represents revenue recognized when goods or services are delivered,…
READ MOREBribery
Bribery in business refers to offering, giving, or receiving something of value to influence the actions of an individual or organization unfairly. It’s illegal and…
READ MOREBank Loan
A bank loan is a sum of money borrowed from a financial institution, which is to be repaid with interest over time. It can be…
READ MOREBookkeeping System
A bookkeeping system is a method or software used to record financial transactions, track income and expenses, and maintain accurate records. It can be manual…
READ MOREBusiness Model
A business model refers to how a company creates, delivers, and captures value. It defines the company's strategy for generating revenue and profit. Common business…
READ MOREBreach of Contract
A breach of contract occurs when one party fails to fulfill the terms outlined in a legally binding agreement. In accounting, this may have financial…
READ MOREBond Yield
Bond yield is the return an investor receives on a bond, expressed as an annual percentage rate. It can be calculated by dividing the bond's…
READ MOREBad Debt Expense
Bad debt expense refers to the amount of a company’s receivables that are expected to be uncollectible. This is recorded as an expense on the…
READ MOREBalance of Payments
The balance of payments is a record of all economic transactions between a country and the rest of the world over a specified period. It…
READ MOREBook Closure
A temporary suspension period during which a company’s share transfer books are closed. It determines eligible shareholders for dividends, rights issues, or bonuses. During this…
READ MOREBank Draft
A payment instrument issued by a bank guaranteeing payment to a specified party. It is commonly used for secure transactions where the payer’s account is…
READ MOREBank Guarantee
Bank guarantee is a promise issued by a bank ensuring that a debtor’s obligations will be met if they default. Common in trade and project…
READ MOREBond Payable
A long-term debt instrument representing money borrowed by a company from investors. The firm agrees to pay periodic interest and repay the principal on maturity.…
READ MOREBudgetary Control
Budgetary control is a management tool for monitoring financial performance by comparing actual results with budgeted figures. It helps detect variances early, allowing corrective actions.…
READ MOREBreak Even Point
The level of sales at which total revenue equals total costs, meaning the business makes no profit but also no loss. It’s a key metric…
READ MOREBook Value
The net value of an asset or business recorded on the books, calculated as the original cost minus depreciation or liabilities. For a company, it's…
READ MOREBookkeeping
The daily recording and organizing of all financial transactions, sales, purchases, receipts, and payments. It’s the foundation of accounting, keeping the business’s financial records clean…
READ MOREBiling
Billing is the process of issuing invoices to customers for goods or services provided. It’s a critical part of the revenue cycle, documenting what’s owed…
READ MOREBenchmarking
Comparing a company’s performance metrics like profit margins, costs, or productivity against industry standards or top competitors. It helps identify strengths, spot weaknesses, and set…
READ MOREBank Statement
Bank statement is a document issued by a bank summarizing all transactions in a specific account over a set period. It includes deposits, withdrawals, charges,…
READ MOREBank Reconciliation
The process of matching a company’s internal accounting records with its bank statement to identify discrepancies, errors, or missing transactions. Regular reconciliations ensure accuracy in…
READ MOREBank Overdraft
Bank overdraft is a negative bank balance that happens when withdrawals exceed available funds, but the bank covers the shortfall. It’s essentially a short-term loan…
READ MOREBalance Sheet
It is a snapshot of a company’s financial position at a specific point in time. It lists assets, liabilities, and owner’s equity, following the formula:…
READ MOREBad-debt
Bad debt is a money owed to a business that is unlikely to be collected, usually from customers who can’t or won’t pay. It's written…
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