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An arrangement between a taxpayer and tax authorities determining transfer pricing methods for future transactions.

A standard requiring intercompany transactions to be priced as if they were conducted between unrelated parties.

The fundamental concepts and principles used in financial record-keeping and reporting.

A fundamental equation in accounting that states that Assets = Liabilities + Equity, representing the balance between what a company owns and owes.

A specific time frame, usually a month, quarter, or year, used for financial reporting and analysis.

Guiding rules and standards that dictate how financial transactions are recorded and reported accurately.

Computer programs designed to assist in financial record-keeping, bookkeeping, and accounting tasks.

An accounting method that records transactions when they are earned or incurred rather than when cash is exchanged.

Expenses that are incurred but have yet to be paid, recorded on the financial statements.

The quick ratio measures a corporation's ability to meet its short-term liabilities with its most liquid assets.

An account linked to another account to provide additional details or clarification.

Income used as the starting point for calculating income tax, which includes certain deductions and exemptions.

It refers to journal entries made at the end of an accounting period to update accounts for accruals, deferrals, and other adjustments.

A professional organization of certified public accountants that sets standards and guidelines for the accounting profession.

A series of equal periodic payments or receipts often used in retirement planning.

A security (financial) backed by a pool of assets like mortgages or loans.