Accounting Terminology Guide

Accounting Terminology Guide

No. of terms: 600+

The New York State Society of Certified Public Accountants (NYSSCPA) is the largest state accounting organization in the nation and currently has 30,000 members. The NYSSCPA has prepared this glossary as an educational tool for journalists who report on and interpret financial information.

Example term: Accountable Plan
An accountable plan is any reimbursement or other expense allowance arrangement of an employer that meets all of the following requirements (therefore excluding it from gross w-2 earned income and tax): (1) it provides reimbursements advances or allowances including per diem and meals, to employees for any job related deductible business expense; (2) employees must be able to substantiate expenses covered in the plan; (3) employee must return any excess advances or payments.

Keywords: Accounting Terminology, Accounting Terms, Accounting, NYSSCPA, Business, Business Dictionary, New York State Society of Certified Public Accountants

Status: ©1997 – 2008 New York State Society of Certified Public Accountants

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Posted on November 29, 2008, in Accounting, Business & Finance and tagged , , , , , , . Bookmark the permalink. 1 Comment.

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