Accounting Dictionary - Letter K
- Keogh plan: A type of retirement plan for self-employed individuals and small business owners.
- Key employee: An employee who is essential to the success of a company, often used in financial reporting and human resources management.
- Key person insurance: A type of insurance that provides financial protection to a company in the event of the death or disability of a key employee.
- Kickback: A payment or bribe made to an individual or company in exchange for a favor or service, often used in financial reporting and risk management.
- KPMG: A global accounting and consulting firm, often used in financial reporting and auditing.
- Kaizen: A Japanese term that means "continuous improvement," often used in management and quality control.
- Kaizen costing: A method of costing that involves continuous improvement and reduction of costs, often used in financial reporting and management accounting.
- Kanban: A Japanese term that means "visual board," often used in production and inventory management.
- Keiretsu: A Japanese term that refers to a group of companies that are closely linked through business relationships and ownership, often used in financial reporting and strategic management.
- Key financial indicators: Financial metrics that are used to measure a company's performance and financial health, often used in financial reporting and analysis.
- Key performance indicators (KPIs): Metrics that are used to measure a company's performance and progress towards its goals, often used in financial reporting and management accounting.
- Key ratio: A financial ratio that is used to measure a company's performance and financial health, often used in financial reporting and analysis.
- Keynesian economics: An economic theory that emphasizes the role of government spending and fiscal policy in stabilizing the economy, often used in financial reporting and economic analysis.
- Kieso: A textbook on accounting and financial reporting, often used in financial reporting and education.
- Kind (payment in): A payment made in a form other than cash, such as goods or services, often used in financial reporting and accounting.
- Kiting: A type of check fraud that involves writing a check against a bank account that has insufficient funds, often used in financial reporting and risk management.
- Knight (Frank, economist): An American economist who is known for his work on risk and uncertainty, often used in financial reporting and economic analysis.
- Know Your Customer (KYC): A set of regulations that require financial institutions to verify the identity of their customers and understand their business activities, often used in financial reporting and risk management.
- Knowledge-based economy: An economy that is driven by knowledge and innovation, often used in financial reporting and economic analysis.
- Kurtosis: A statistical measure of the shape of a distribution, often used in financial reporting and risk management.
- Know how: A type of intangible asset that refers to the knowledge and expertise of a company's employees, often used in financial reporting and management accounting.