Here is a glossary of financial terms L. These financial terms begin with the letter L, including LIFO, liability, and liquidity. Last in, first out Last in, first out (LIFO) is an assumption used in inventory valuation and other processes.…
Here is a glossary of financial terms M. These financial terms begin with the letter M, including managerial accounting, market cap, and MBA. Managerial accounting Managerial accounting is the use of accounting information by managers to plan, evaluate, and control…
N Nasdaq The Nasdaq is a global electronic market for buying and selling securities. Nasdaq was an acronym for National Association of Securities Dealers Automated Quotations. The Nasdaq is home to many technology giants such as Apple, Microsoft, and Alphabet,…
O Operating expense Operating expenses are costs associated with running a company. These expenses are also called general & administrative (G&A) expenses or selling, general, & administrative (SG&A) expenses. Operating income Operating income is sales minus cost of sales (cost…
P Plant assets Plant assets are noncurrent physical assets used in business operations. Plant assets include land and buildings. Plant assets are also called fixed assets. The category is sometimes shown on the balance sheet as property, plant, and equipment…
Q Quarterly report A quarterly report is a financial statement that covers three months or a quarter of the year. The SEC requires public companies to issue a quarterly report called a 10-Q. Quarterly reports are unaudited and are also…
