Financial Terms Dictionary D Debits and Credits Debits and credits are used to record financial transactions. Debit is the left side of an account. Credit is the right side of an...

Financial Terms Dictionary E Equity Equity is a claim on the assets by the owners of a business. It is calculated as assets minus liabilities. Equity is one of the five...

Financial Terms Dictionary F FASB The Financial Accounting Standards Board (FASB) sets generally accepted accounting principles (GAAP), the financial reporting standards in the United...

Financial Terms Dictionary G GAAP Generally accepted accounting principles (GAAP) are the financial reporting standards in the United States. GAAP is developed by the FASB under the...

Financial Terms Dictionary H HLOOKUP The HLOOKUP function is an Excel function that retrieves data from a specific row in a table in Excel. HLOOKUP supports approximate and exact...

Financial Terms Dictionary I IASB International Accounting Standards Board (IASB) sets the IFRS global accounting standards. IFRS International Financial Reporting Standards;...