|
PC |
 |
See PERSONAL COMPUTER.
|
|
|
ACCOUNTING PERIOD |
|
The normal calendar duration for reporting of financial information. The time for closing accounts when accounting data are summarized into financial statements. In most businesses, this is done monthly, quarterly and annually.
|
|
|
ACCOUNTS RECEIVABLE FINANCING |
|
Short-term loans made to obtain cash using ACCOUNTS RECEIVABLE as COLLATERAL. The cash received will be less than the amount of the accounts receivable.
|
|
|
PAR |
|
The nominal or face value of a security such as a stock or bond as stated in equivalent dollars. For COMMON STOCK or PREFERRED STOCK, the par value is stated in the ARTICLES OF INCORPORATION. In a NEW ISSUE of stock, the sale is at par, and the proceeds of the sale are recorded as EQUITY in the books of the corporation.
|
|
|
PERSONAL ACCOUNT |
|
An ACCOUNT that is for the transaction of business with a person, as opposed to a COMMERCIAL ACCOUNT for the transaction of business with another company.
|
|
|
PAYMENT |
|
An amount paid; something that is paid.
|
|
|
PARENT COMPANY |
|
A firm that owns or controls another company, as a subsidiary, through the ownership of voting stock. The company that owns a subsidiary is the parent company.
|
|
|
ACTUAL |
|
That which has occurred, as opposed to that which was previously expected, budgeted, estimated or planned.
|
|
|
PERSONAL FINANCIAL STATEMENT |
|
A BALANCE SHEET and an INCOME STATEMENT for a person identifying assets, liabilities, net worth, income and expenses. Used to substantiate the person's financial solvency, often part of a loan application for a start-up business. See Self-Help Guide C.
|
|
|
ACCUMULATED DEPRECIATION |
|
An accounting term for the amount of DEPRECIATION accrued over a period of time.
|
|
|
ACCOUNTING PRINCIPLES |
|
Basic concepts, assumptions, policies, methods and practices used by a company for maintaining the BOOKS OF ACCOUNT and summarization into FINANCIAL STATEMENTS. The principles should be consistent with GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. In larger companies, accounting policy, practices and principles may each have more precise definitions.
|
|
|
PAID-IN CAPITAL |
|
Same as CAPITAL INVESTMENT, but excluding more precise components as defined in CAPITAL SURPLUS.
|
|
|
