| Meaning | A system that provides quantitative information about finances. |
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| Category of | debit | Enter as debit |
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| good will, goodwill | (accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets) |
| internal control | An accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud / fraud and error etc. |
| inventory | (accounting) the value of a firm's current assets including raw materials and work in progress and finished goods |
| review, limited review | (accounting) a service (less exhaustive than an audit / audit) that provides some assurance to interested parties as to the reliability of financial data |
| straight-line method, straight-line method of depreciation | (accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life |
| unbalanced | debits and credits are not equal |
| unearned income, unearned revenue | (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet) |
| write-off, write-down | (accounting) reduction in the book value of an asset |
| Narrower | balance of payments, balance of international payments | A system of recording all of a country's economic transactions with the rest of the world over a period of one year |
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| current account | That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments |
| Broader | system, system of rules | A complex of methods or rules governing behavior |
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| Spanish | contabilidad |
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| Verbs | account | keep an account of |
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