A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Factory overhead :

All expenses other than direct materials and direct labor that apply to the making of products

Federal unemployment tax :

A federal tax used for state and federal administrative expenses of the unemployment program

File maintenance :

The procedure for arranging accounts in a general ledger, assigning account numbers, and keeping records current

Financial accounting :

The recording of a business’s financial activities and the periodic preparation of financial reports

Financing activities :

Cash receipts and payments involving debt or equity transactions

Finished goods :

Manufactured products that are fully completed

Finished goods ledger :

A ledger containing records of all finished goods on hand

First-in, first-out inventory costing method :

Using the price of merchandise purchased first to calculate the cost of merchandise sold first

Fiscal period :

The length of time for which a business summarizes and reports financial information
Fixed Asset : Long term asset (items or amount to be used or received after 12 months)