Accounting Dictionary - Letter W

• Wage: A payment made to an employee for their work, often used in financial reporting and accounting.
• Warehouse: A building or facility used for storing goods or materials, often used in financial reporting and accounting.
• Warranty: A guarantee or promise to repair or replace a product or service, often used in financial reporting and accounting.
• Waste: Unwanted or unusable materials or products, often used in financial reporting and accounting.
• Wealth: The total value of a person's or company's assets, often used in financial reporting and accounting.
• Weighted average cost: A method of calculating the cost of goods sold, often used in financial reporting and accounting.
• Weighted average method: A method of calculating the cost of goods sold, often used in financial reporting and accounting.
• Wholly owned subsidiary: A company that is completely owned by another company, often used in financial reporting and accounting.
• Withdrawal: The act of removing or taking out assets or funds, often used in financial reporting and accounting.
• Withholding tax: A tax that is withheld from an employee's wages or other income, often used in financial reporting and accounting.
• Work in progress: Goods or services that are in the process of being produced or completed, often used in financial reporting and accounting.
• Working capital: The funds used to finance a company's day-to-day operations, often used in financial reporting and accounting.
• Working capital management: The process of managing a company's working capital, often used in financial reporting and accounting.
• Working capital ratio: A ratio that measures a company's ability to pay its short-term debts, often used in financial reporting and accounting.
• Write-down: A reduction in the value of an asset or liability, often used in financial reporting and accounting.
• Write-off: The removal of an asset or liability from a company's financial statements, often used in financial reporting and accounting.
• Wrongful termination: The act of terminating an employee's employment in a way that is not lawful or fair, often used in financial reporting and accounting.
• Warranty expense: An expense that is incurred to fulfill a warranty or guarantee, often used in financial reporting and accounting.
• Warranty reserve: A reserve that is set aside to cover the cost of fulfilling warranties or guarantees, often used in financial reporting and accounting.
• Waste management: The process of managing and disposing of waste, often used in financial reporting and accounting.
• Wealth creation: The process of creating wealth through investments or other financial activities, often used in financial reporting and accounting.
• Weighted average cost of capital: A method of calculating the cost of capital, often used in financial reporting and accounting.
• Weighted average method of depreciation: A method of calculating depreciation, often used in financial reporting and accounting.
• Wholly owned subsidiary: A company that is completely owned by another company, often used in financial reporting and accounting.
• Withdrawal of assets: The act of removing or taking out assets or funds, often used in financial reporting and accounting.
• Withholding tax on dividends: A tax that is withheld from dividend payments, often used in financial reporting and accounting.
• Withholding tax on interest: A tax that is withheld from interest payments, often used in financial reporting and accounting.
• Work in progress account: An account that is used to record work in progress, often used in financial reporting and accounting.
• Working capital account: An account that is used to record working capital, often used in financial reporting and accounting.
• Working capital cycle: The time it takes for a company to sell its inventory, collect its accounts receivable, and pay its accounts payable, often used in financial reporting and accounting.
• Working capital management: The process of managing a company's working capital, often used in financial reporting and accounting.
• Working capital ratio: A ratio that measures a company's ability to pay its short-term debts, often used in financial reporting and accounting.
• Write-down of assets: A reduction in the value of an asset, often used in financial reporting and accounting.
• Write-down of liabilities: A reduction in the value of a liability, often used in financial reporting and accounting.
• Write-off of assets: The removal of an asset from a company's financial statements, often used in financial reporting and accounting.
• Write-off of liabilities: The removal of a liability from a company's financial statements, often used in financial reporting and accounting.
• Wrongful termination of employment: The act of terminating an employee's employment in a way that is not lawful or fair, often used in financial reporting and accounting.
• Warranty accounting: The process of accounting for warranties or guarantees, often used in financial reporting and accounting.
• Warranty reserve accounting: The process of accounting for warranty reserves, often used in financial reporting and accounting.
• Waste management accounting: The process of accounting for waste management, often used in financial reporting and accounting.
• Wealth creation accounting: The process of accounting for wealth creation, often used in financial reporting and accounting.
• Weighted average cost of capital accounting: The process of accounting for the weighted average cost of capital, often used in financial reporting and accounting.
• Weighted average method of depreciation accounting: The process of accounting for depreciation using the weighted average method, often used in financial reporting and accounting.
• Wholly owned subsidiary accounting: The process of accounting for wholly owned subsidiaries, often used in financial reporting and accounting.
• Withdrawal of assets accounting: The process of accounting for the withdrawal of assets, often used in financial reporting and accounting.
• Withholding tax accounting: The process of accounting for withholding taxes, often used in financial reporting and accounting.
• Work in progress accounting: The process of accounting for work in progress, often used in financial reporting and accounting.
• Working capital accounting: The process of accounting for working capital, often used in financial reporting and accounting.
• Working capital cycle accounting: The process of accounting for the working capital cycle, often used in financial reporting and accounting.
• Working capital management accounting: The process of accounting for working capital management, often used in financial reporting and accounting.
• Working capital ratio accounting: The process of accounting for the working capital ratio, often used in financial reporting and accounting.
• Write-down accounting: The process of accounting for write-downs, often used in financial reporting and accounting.
• Write-off accounting: The process of accounting for write-offs, often used in financial reporting and accounting.
• Wrongful termination accounting: The process of accounting for wrongful termination, often used in financial reporting and accounting.