LIFO the Party: Because you guys truly are the life of the party. PLAY; LOOK UP. Generally accepted accounting principles (GAAP) definition: A set of rules and guidelines developed by the accounting industry for companies to follow when reporting financial data. 20. This piece of ad content was created by Rasmussen College to support its educational programs. And knowing the lingo is an entry-point into the inner circle—an indicator that you truly belong. It may be manual as well as computerized. 30. Sums of Anarchy: This is a play on the popular television show, Sons of Anarchy. 94. 2. That way, when you start your accounting education journey, you’ll already feel like you’re a step ahead and speaking the language. Born in 1445 in Tuscany, Pacioli is known today as the father of accounting and bookkeeping. Accounts receivable (AR) definition: The amount of money owed by customers or clients to a business after goods or services have been delivered and/or used. These three core statements are intricately of individuals and … Check out these basic accounting definitions and start to commit them to memory. None of these. 7. Typically, this could be cash, inventory or accounts receivable. Counting Kings: This one is great for an all-guy team. We know to play with numbers . Click here for instructions on how to enable JavaScript in your browser. Play Hangman game online for free on mobiles and tablets. Additionally, some employers choose to match the contributions made by their employees up to a certain percentage. The words "Business Insider". 401k & Roth 401k definition: A 401K is a savings vehicle that allows an employee to defer some of their compensation into an investment-based retirement account. The “coupon” is the annual interest rate paid on a bond. Recovering Accountaholic: This sounds like a good team name after tax season ends. Net income (NI) definition: A company's total earnings, also called net profit. Auditaholic: This is an obvious choice for a funny accounting team name. We’ve got you covered with our top team names for accounting firms. What Does It Mean If I Keep Seeing the Same Person... What Does It Mean When You Dream of Getting Shot by... What Does It Mean to Dream About a Guy You’ve Never... What Does It Mean If You Dream About Your Dead Father. GAAP Year: This is one of the better funny accounting team names. Download on iOS > new Write Off Business deductions and accounting. Funny and Clever Team Names for Your Accounting Team or Group. There is also a word puzzle section with crossword puzzles, anagrams and a hangman game using accounting terms. Present value (PV) definition: The current value of a future sum of money based on a specific rate of return. Expenses (FE, VE, AE, OE) definition: The fixed, variable, accrued or day-to-day costs that a business may incur through its operations. The Importance of Accounting 2550 Words | 11 Pages. The Role of Accounting in Business. Death & Taxes: Use this name because of the age-old joke that the only things certain in life are death and taxes. 98. Prepaid / paid in advance / un-expired expenses : Means those incomes, which have been earned in the current year but not received, are known as accrued income. 68. Please visit www.rasmussen.edu/degrees for a list of programs offered. Trial balance definition: A business document in which all ledgers are compiled into debit and credit columns in order to ensure a company’s bookkeeping system is mathematically correct. Other common bookkeeping terms. Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organization. Job seekers with accounting skills on their resume are in high demand in today’s job market. See more ideas about funny, accounting humor, bookkeeping. The Evaders: Watch out for the IRS if you pick an accounting team name like this one! Another word for bookkeeping. Formal record that represents, in words, money or other unit of measurement, certain resources, claims to such resources, transactions or other events that result in changes to those resources and claims. All Rights Reserved. She is passionate about creating quality resources that empower others to improve their lives through education. 7. EDITOR’S NOTE: This article was originally published in February, 2013. Managerial Accounting Is A Discipline Within The Accounting 1541 Words | 7 Pages. 64. They are a hilarious play on words. 5. See more than 680 word lists available without fees. Currently you have JavaScript disabled. Accounts payable (AP) definition: The amount of money a company owes creditors (suppliers, etc.) Or come up with logical letter combos in a campfire setting with your new raccoon pal in S'more Words. Number Rankers: This is certainly true. Learn & Explore Assign. 52. Funny pun s I’m glad I know sign language, … Accruing Respect: This is such a clever pun. He is the sole author of all the materials on AccountingCoach.com He is the sole author of all the materials on AccountingCoach.com The three main asset classes are equities or stocks, fixed income or bonds, and cash equivalents or money market instruments. Rasmussen College may not prepare students for all positions featured within this content. 32. Tax that Asset: This is a fun choice. An accounting information system (AIS) is a structure that a business uses to collect, store, manage, process, retrieve, and report its financial …

accounting play on words

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