Category: financial terms

E Earnings Earnings are the net income or net profit of a company. Earnings per share Earnings per share or EPS is a financial measure of a company's profitability. The EPS...

F FASB See Financial Accounting Standards Board. FDIC See Federal Deposit Insurance Corporation. Federal Deposit Insurance Corporation The Federal Deposit Insurance...

G GAAP See generally accepted accounting principles. Generally accepted accounting principles Generally accepted accounting principles (GAAP) are the financial reporting standards...

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 matching, and wildcards (*...

I IASB See International Accounting Standards Board. IFRS See International Financial Reporting Standards. Income Statement The income statement is one of the...

J Journal A journal is where financial transactions are first recorded in chronological order. Each transaction is called a journal entry. The journal is called the book of original entry....