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Recruiter's Glossary

Examples: IFRS • General Ledger • Reconciliation

Accounting Terms

Understanding these terms will help you better evaluate candidates and communicate with hiring managers

Internal Controls

Foreign Currency

Tax Provision

Profit Center

Cash Flow Statement

Balance Sheet

Revenue Recognition

Consolidation

Amortization

General Ledger

Deferred Tax

Transfer Pricing

Working Capital

Intercompany

Income Statement

Depreciation

Trial Balance

P&L

Fixed Assets

IFRS

Accrual Basis

Accounts Payable

Accounts Receivable

Segment Reporting

Variance Analysis

Cost Accounting

GAAP

Lease Accounting

Purchase Cycle

Year-End Close

Overhead Allocation

Budget

ROI

Reconciliation

Materiality

Cash Basis

Chart of Accounts

Forecast

Cost Center

Bank Reconciliation

Revenue Cycle

Audit Trail

Financial Close

Month-End Close

COGS

Activity-Based Costing

EBITDA

Hedge Accounting

ROE

Journal Entry

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