Accounting Dictionary - Letter S

• Salary: A payment made to an employee for their work, often used in financial reporting and accounting.
• Sales: The revenue earned by a company from the sale of its products or services, often used in financial reporting and accounting.
• Sales discount: A reduction in the price of a product or service offered to customers, often used in financial reporting and accounting.
• Sales tax: A tax on the sale of goods and services, often used in financial reporting and accounting.
• Savings account: A type of bank account that earns interest on deposits, often used in financial reporting and accounting.
• Schedule: A document that outlines the details of a financial transaction or event, often used in financial reporting and accounting.
• Securities: Financial instruments that represent an ownership interest in a company or a debt obligation, often used in financial reporting and accounting.
• Securities and Exchange Commission (SEC): A regulatory agency that oversees the securities industry, often used in financial reporting and accounting.
• Segregation of duties: The separation of financial responsibilities among employees to prevent errors or misappropriation, often used in financial reporting and accounting.
• Self-insurance: A type of insurance that is self-funded by a company, often used in financial reporting and accounting.
• Self-supporting: A financial statement that is self-explanatory and does not require additional information, often used in financial reporting and accounting.
• Selling price: The price at which a product or service is sold, often used in financial reporting and accounting.
• Service cost: The cost of providing a service, often used in financial reporting and accounting.
• Share: A unit of ownership in a company, often used in financial reporting and accounting.
• Share capital: The total amount of money invested in a company by its shareholders, often used in financial reporting and accounting.
• Share premium: The amount by which the issue price of a share exceeds its par value, often used in financial reporting and accounting.
• Share price: The current market price of a share, often used in financial reporting and accounting.
• Shareholder: An individual or organization that owns shares in a company, often used in financial reporting and accounting.
• Shareholder equity: The total amount of money invested in a company by its shareholders, often used in financial reporting and accounting.
• Shareholder value: The value of a company to its shareholders, often used in financial reporting and accounting.
• Shareholders' agreement: A contract between shareholders that outlines their rights and responsibilities, often used in financial reporting and accounting.
• Short-term debt: A debt that is due within one year, often used in financial reporting and accounting.
• Short-term investment: An investment that is expected to be held for less than one year, often used in financial reporting and accounting.
• Short-term liability: A liability that is due within one year, often used in financial reporting and accounting.
• Short-term loan: A loan that is due within one year, often used in financial reporting and accounting.
• Short-term note: A debt instrument that is due within one year, often used in financial reporting and accounting.
• Short-term obligation: A debt or liability that is due within one year, often used in financial reporting and accounting.
• Short-term receivable: An amount that is due to a company within one year, often used in financial reporting and accounting.
• Short-term revenue: Revenue that is earned within one year, often used in financial reporting and accounting.
• Short-term security: A security that is due within one year, often used in financial reporting and accounting.
• Short-term transaction: A transaction that is completed within one year, often used in financial reporting and accounting.
• Single-step income statement: A type of income statement that shows only one level of profitability, often used in financial reporting and accounting.
• Sinking fund: A fund that is set aside to pay off a debt or liability, often used in financial reporting and accounting.
• Small business: A business that has a limited number of employees and revenue, often used in financial reporting and accounting.
• Small business accounting: A type of accounting that is used by small businesses, often used in financial reporting and accounting.
• Small business loan: A loan that is made to a small business, often used in financial reporting and accounting.
• Small business tax: A tax that is levied on small businesses, often used in financial reporting and accounting.
• Small-cap stock: A stock that has a market capitalization of less than $500 million, often used in financial reporting and accounting.
• Social responsibility: The responsibility of a company to act in a way that benefits society, often used in financial reporting and accounting.
• Sole proprietorship: A type of business that is owned and operated by one individual, often used in financial reporting and accounting.
• Solvency: The ability of a company to pay its debts, often used in financial reporting and accounting.
• Solvency ratio: A ratio that measures a company's ability to pay its debts, often used in financial reporting and accounting.
• Special assessment: A tax or fee that is levied on a specific group of people or businesses, often used in financial reporting and accounting.
• Special dividend: A dividend that is paid to shareholders in addition to the regular dividend, often used in financial reporting and accounting.
• Special journal: A journal that is used to record special transactions, often used in financial reporting and accounting.
• Special ledger: A ledger that is used to record special transactions, often used in financial reporting and accounting.
• Special purpose entity (SPE): A company that is created for a specific purpose, often used in financial reporting and accounting.
• Special purpose financial statement: A financial statement that is prepared for a specific purpose, often used in financial reporting and accounting.
• Special purpose vehicle (SPV): A company that is created for a specific purpose, often used in financial reporting and accounting.
• Standard accounting practice: A method of accounting that is widely accepted and used, often used in financial reporting and accounting.
• Standard cost: A cost that is established as a standard for a particular product or service, often used in financial reporting and accounting.
• Standard costing: A method of costing that uses standard costs, often used in financial reporting and accounting.
• Standard deviation: A measure of the dispersion of a set of data, often used in financial reporting and accounting.
• Standard error: A measure of the dispersion of a set of data, often used in financial reporting and accounting.
• Standard financial statement: A financial statement that is prepared in accordance with standard accounting practices, often used in financial reporting and accounting.
• Standardized accounting: A method of accounting that uses standardized procedures and formats, often used in financial reporting and accounting.
• Standardized financial statement: A financial statement that is prepared in accordance with standardized accounting practices, often used in financial reporting and accounting.
• Statement of cash flows: A financial statement that shows a company's inflows and outflows of cash, often used in financial reporting and accounting.
• Statement of changes in equity: A financial statement that shows the changes in a company's equity over a period of time, often used in financial reporting and accounting.
• Statement of comprehensive income: A financial statement that shows a company's comprehensive income over a period of time, often used in financial reporting and accounting.
• Statement of financial position: A financial statement that shows a company's financial position at a particular point in time, often used in financial reporting and accounting.
• Statement of operations: A financial statement that shows a company's revenues and expenses over a period of time, often used in financial reporting and accounting.
• Statement of stockholders' equity: A financial statement that shows a company's stockholders' equity over a period of time, often used in financial reporting and accounting.
• Statistical process control: A method of controlling and improving a process using statistical methods, often used in financial reporting and accounting.
• Statutory accounting: A method of accounting that is required by law or regulation, often used in financial reporting and accounting.
• Statutory audit: An audit that is required by law or regulation, often used in financial reporting and accounting.
• Statutory body: A body that is established by law or regulation, often used in financial reporting and accounting.
• Statutory capital: The minimum amount of capital that a company is required to have by law or regulation, often used in financial reporting and accounting.
• Statutory corporation: A corporation that is established by law or regulation, often used in financial reporting and accounting.
• Statutory financial statement: A financial statement that is prepared in accordance with statutory accounting practices, often used in financial reporting and accounting.
• Statutory reserve: A reserve that is required by law or regulation, often used in financial reporting and accounting.
• Statutory tax: A tax that is levied by law or regulation, often used in financial reporting and accounting.
• Stock: A type of security that represents ownership in a company, often used in financial reporting and accounting.
• Stock certificate: A document that represents ownership in a company, often used in financial reporting and accounting.
• Stock dividend: A dividend that is paid in the form of additional shares of stock, often used in financial reporting and accounting.
• Stock exchange: A market where stocks are traded, often used in financial reporting and accounting.
• Stockholder: An individual or organization that owns shares of stock in a company, often used in financial reporting and accounting.
• Stockholders' equity: The total amount of money invested in a company by its stockholders, often used in financial reporting and accounting.
• Stockholders' meeting: A meeting of a company's stockholders, often used in financial reporting and accounting.
• Stockholders' report: A report that is prepared for a company's stockholders, often used in financial reporting and accounting.
• Stockholders' rights: The rights of a company's stockholders, often used in financial reporting and accounting.
• Stockholders' value: The value of a company to its stockholders, often used in financial reporting and accounting.
• Stock option: A contract that gives the holder the right to purchase a certain number of shares of stock at a specified price, often used in financial reporting and accounting.
• Stock price: The current market price of a share of stock, often used in financial reporting and accounting.
• Stock split: A division of a company's stock into a larger number of shares, often used in financial reporting and accounting.
• Stock transfer: The transfer of ownership of a share of stock, often used in financial reporting and accounting.
• Stock valuation: The process of determining the value of a share of stock, often used in financial reporting and accounting.
• Stock warrant: A contract that gives the holder the right to purchase a certain number of shares of stock at a specified price, often used in financial reporting and accounting.
• Straight-line method: A method of depreciation that assumes a constant rate of depreciation over the life of an asset, often used in financial reporting and accounting.
• Strategic accounting: A method of accounting that involves analyzing and reporting financial information to support strategic decision-making, often used in financial reporting and accounting.
• Strategic business unit (SBU): A division of a company that operates as a separate business unit, often used in financial reporting and accounting.
• Strategic financial management: The process of managing a company's finances to achieve its strategic objectives, often used in financial reporting and accounting.
• Strategic management: The process of developing and implementing a company's strategy, often used in financial reporting and accounting.
• Strategic planning: The process of developing a company's strategy, often used in financial reporting and accounting.
• Strategic risk management: The process of identifying and managing risks that could impact a company's strategy, often used in financial reporting and accounting.
• Subordinated debt: A debt that is subordinate to other debts, often used in financial reporting and accounting.
• Subordinated loan: A loan that is subordinate to other loans, often used in financial reporting and accounting.
• Subordinated note: A note that is subordinate to other notes, often used in financial reporting and accounting.
• Subsidiary: A company that is owned or controlled by another company, often used in financial reporting and accounting.
• Subsidiary account: An account that is used to record transactions related to a subsidiary, often used in financial reporting and accounting.
• Subsidiary company: A company that is owned or controlled by another company, often used in financial reporting and accounting.
• Subsidiary ledger: A ledger that is used to record transactions related to a subsidiary, often used in financial reporting and accounting.
• Subsidiary report: A report that is prepared for a subsidiary, often used in financial reporting and accounting.
• Substantial doubt: A doubt about a company's ability to continue as a going concern, often used in financial reporting and accounting.
• Subvention: A payment made by a government or other organization to support a company or industry, often used in financial reporting and accounting.
• Summary financial statement: A financial statement that summarizes a company's financial position and performance, often used in financial reporting and accounting.
• Supplemental disclosure: Additional information that is disclosed in a financial statement, often used in financial reporting and accounting.
• Supply chain: A network of companies that work together to produce and deliver a product or service, often used in financial reporting and accounting.
• Supply chain accounting: A method of accounting that involves analyzing and reporting financial information related to a company's supply chain, often used in financial reporting and accounting.
• Supply chain finance: The management of a company's finances related to its supply chain, often used in financial reporting and accounting.
• Supply chain management: The process of managing a company's supply chain, often used in financial reporting and accounting.
• Supportive accounting: A method of accounting that involves analyzing and reporting financial information to support decision-making, often used in financial reporting and accounting.
• Sustainable accounting: A method of accounting that involves analyzing and reporting financial information related to a company's sustainability, often used in financial reporting and accounting.
• Sustainable development: The process of developing a company's sustainability, often used in financial reporting and accounting.
• Sustainable finance: The management of a company's finances related to its sustainability, often used in financial reporting and accounting.
• Sustainable reporting: The process of reporting a company's sustainability, often used in financial reporting and accounting.
• Swap: A contract that involves exchanging one asset or liability for another, often used in financial reporting and accounting.
• Swap agreement: A contract that involves exchanging one asset or liability for another, often used in financial reporting and accounting.
• Swap contract: A contract that involves exchanging one asset or liability for another, often used in financial reporting and accounting.
• Swap option: A contract that gives the holder the right to enter into a swap agreement, often used in financial reporting and accounting.
• Swap rate: The rate at which a swap is exchanged, often used in financial reporting and accounting.
• Swap transaction: A transaction that involves exchanging one asset or liability for another, often used in financial reporting and accounting.
• Systematic risk: A risk that is inherent in the entire market or economy, often used in financial reporting and accounting.
• Systematic sampling: A method of sampling that involves selecting a random sample from a population, often used in financial reporting and accounting.
• Systematic stock option: A contract that gives the holder the right to purchase a certain number of shares of stock at a specified price, often used in financial reporting and accounting.
• Systematic trading: A method of trading that involves using a systematic approach to make investment decisions, often used in financial reporting and accounting.