finance

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. LIFO assumes that the last products purchased or produced are the first sold or consumed. […]

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 operations of the firm. Financial accounting is the process of reporting financial information to the

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, the parent of Google. So, the Nasdaq composite is a tech-heavy index. The Nasdaq began

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 of goods sold), and minus general and administrative (G&A) expenses. Operating income is also called

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 or PP&E. Present value Present value is a time value of money (TVM) concept. It

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 called interim reports. Reports that cover a full year are called annual reports. Quick ratio