Glossary of Financial Accounting Terms
GlossarioTermini Contabilità Finanziaria



Home | A | B | C | D | E | F | G | H | I | J 
L | M 
N O | P | Q | R | S | T | U 
V 
|
 W




  - P -  


Par Value

See nominal value.

Parent Company

Company which controls one or more subsidiaries in a group.

Partnership

Two or more persons in business together with the aim of MAKING A PROFIT.

Partnership Deed

A document setting out the agreement of the partners on how the partnership is to be conducted (including the arrangements for sharing profits and losses).

Partnership Law

Legislation which governs the conduct of a partnership and which should be used where no partnership deed has been written.

Portfolio (of Investment)

A collection of investments.

Portfolio of Shares

A collection of shares held by an investor.

Preference Shares

Shares in a company which give the holder a preference (although not an automatic right) to receive a dividend before any ordinary share dividend is declared.

Preliminary Announcement

The first announcement by a listed company of its profit for the most recent accounting period. Precedes the publication of the full annual report.

The announcement is made to the entire STOCK MARKET so that all investors receive information at the same time.

Premium

An amount paid in addition, or extra.

Prepayment

An amount paid for in advance for an benefit to the business, such as insurance premiums or rent in advance. Initially recognised as an asset, then transferred to expense in the period when the benefit is enjoyed. (Also called a prepaid expense.)

Present Fairly

A condition of the IASB system, equivalent to true and fair view in the UK ASB system.

Price–Earnings Ratio

Market price of a share divided by earnings per share.

Price-Sensitive Information

Information which, if known to the market, would affect the price of a share.

Primary Financial Statements

The balance sheet, profit and loss account, statement of total recognised gains and losses and cash flow statement.

Principal (Sum)

The agreed amount of a loan, on which interest will be charged during the period of the loan.

Private Limited Company (Ltd)

A company which has limited liability but is not permitted to offer its shares to the public.

Production Overhead Costs

Costs of production that are SPREAD across all output, rather than being identified with specific goods or services.

Profit

Calculated as revenue minus expenses.

Profit and Loss Account

Financial statement presenting revenues, expenses, and profit. Also called income statement.

Prospective Investor

An investor who is considering whether to invest in a company.

Prospectus

Financial statements and supporting detailed descriptions published when a company is offering shares for sale to the public.

Provision

A liability of uncertain timing or amount.

Provision for Doubtful Debts

An estimate of the risk of not collecting full payment from credit customers, reported as a deduction from TRADE receivables (debtors) in the balance sheet.

Prudence

A degree of caution in the exercise of the judgements needed in making the estimates required under conditions of uncertainty, such that gains and assets are not overstated and losses and liabilities are not understated.

Public Limited Company (PLC)

A company which has limited liability and offers its shares to the public.

Purchase Method

Method of producing consolidated financial statements (see acquisition method).

Purchases

Total of goods and services bought in a period.


AVVERTENZE D'UTILIZZO: Il presente glossario contiene la definizione dei termini indicati con riferimento alla Contabilità Finanziaria.
La spiegazione di ciascuno dei termini indicati in questo glossario è di carattere meramente orientativo e priva di valore legale; si raccomanda, quindi, di tenere conto del contesto e dell'evento in cui essi vanno applicati, in quanto il significato loro attribuito potrebbe differire rispetto a quello qui rappresentato.

AVVERTENZE LEGALI - Il contenuto del sito web "www.dottoricommercialistilondra.com" è di carattere puramente divulgativo e, pertanto, non costituisce offerta diretta al pubblico e non intende in alcun modo favorire reati fiscali, riciclaggio di denaro, esportazione di capitali, terrorismo ed altri illeciti. Nessuno dei nostri servizi è svolto direttamente in Italia; su richiesta, è possibile unicamente il contatto con professionisti regolarmente abilitati, nostri referenti, dietro rilascio di fattura e regolare pagamento anticipato. La navigazione di questo sito web è subordinata alla conoscenza e piena accettazione delle nostre condizioni di erogazione dei servizi e dell'informativa sul trattamento dei dati.