📖 About the Book

“101 Accounting Terminologies” is not your usual dry accounting dictionary. It’s a conversational guide that brings life to financial jargon through engaging dialogues between two seasoned bankers – Vinu and Manu. Vinu, the curious learner, asks all the right questions. Manu, the experienced mentor, breaks down each accounting term with real-life examples, relatable use-cases, and rupee-based illustrations.

This ebook is a perfect companion for bankers, credit analysts, finance professionals, entrepreneurs, commerce students, and aspiring CFOs who want to master the fundamentals and advanced terminologies used in the world of accounting and finance.

Whether you're reviewing a balance sheet, interpreting a P&L, assessing cash flow, or conducting credit due diligence—this book gives you the language and confidence to analyze financial statements with clarity.

💡 What This Ebook Gives You

• Clear explanations of 101 important accounting terms
• Conversational style between Vinu & Manu to ease learning
• Real-world examples with amounts in rupees
• Perfect for practical application in banking, credit appraisal, audits, and financial reporting
• A go-to reference guide for interviews, training, and on-the-job refreshers

• 👤 Who Should Read This Book?

• Bankers in SME, Corporate, or Retail Credit
• Finance Managers & Credit Analysts
• Entrepreneurs who want to read financials
• MBA/CA/Commerce students
• Business consultants & financial advisors
• Anyone who wants to speak the language of finance confidently

🎯 What You’ll Learn Once You Finish This Book

• Understand every line item in a financial statement
• Speak fluently about financial health with clients or management
• Connect accounting logic with business scenarios
• Analyze ratios, trends, and risks using correct terms
• Prepare or evaluate audit reports, tax summaries, and working capital files
• Build a solid financial vocabulary for career growth

📚 Index – What’s Covered Inside?

1. Introduction

• Purpose of the book
• How to use this book

2. Foundation Terminologies (Basic Concepts)

1. What is Accounting?
2. Journal
3. Ledger
4. Trial Balance
5. Debit
6. Credit
7. Double Entry System
8. Accounting Equation
9. Capital
10. Drawings
11. Transaction
12. Entry
13. Cash vs Accrual Accounting

3. Financial Statements Basics

14. Balance Sheet
15. Profit and Loss Statement (Income Statement)
16. Cash Flow Statement
17. Notes to Accounts
18. Revenue
19. Expenses
20. Assets
21. Liabilities
22. Equity
23. Reserves and Surplus

4. Assets and Their Types

24. Current Assets
25. Non-Current Assets
26. Fixed Assets
27. Intangible Assets
28. Depreciation
29. Amortization
30. Accumulated Depreciation
31. Book Value
32. Capital Work-in-Progress
33. Investment Property

5. Liabilities and Equity Deep Dive

34. Current Liabilities
35. Non-Current Liabilities
36. Trade Payables
37. Provisions
38. Contingent Liability
39. Share Capital
40. Preference Share
41. Equity Share
42. Retained Earnings

6. Income and Expense Related Terms

43. Cost of Goods Sold (COGS)
44. Operating Income
45. Operating Expense
46. Selling, General & Admin Expenses (SG&A)
47. Gross Profit
48. Net Profit
49. EBITDA
50. EBIT
51. Non-Operating Income
52. Finance Cost

7. Inventory and Costing

53. Inventory
54. Raw Material
55. Work in Progress (WIP)
56. Finished Goods
57. FIFO
58. LIFO
59. Weighted Average
60. Inventory Turnover Ratio

8. Banking and Receivables

61. Accounts Receivable
62. Bad Debts
63. Provision for Doubtful Debts
64. Bills Receivable
65. Trade Receivable
66. Accounts Payable
67. Bills Payable
68. Trade Payable
69. Bank Reconciliation Statement (BRS)

9. Tax and Statutory Terms

70. Deferred Tax Asset
71. Deferred Tax Liability
72. GST Payable
73. Input Tax Credit
74. Tax Deducted at Source (TDS)
75. Advance Tax
76. Tax Provisioning

10. Capital & Investment Terms

77. Capital Expenditure (CapEx)
78. Operating Expenditure (OpEx)
79. Return on Investment (ROI)
80. Internal Rate of Return (IRR)
81. Net Present Value (NPV)
82. Payback Period
83. Capital Budgeting

11. Compliance and Audit

84. Audit Trail
85. Statutory Audit
86. Internal Audit
87. Auditor’s Report
88. Accounting Standards
89. IFRS
90. Ind AS

12. Miscellaneous but Important Terms

91. Working Capital
92. Going Concern
93. Materiality
94. Matching Principle
95. Prudence Principle
96. Accrual Concept
97. Realization Concept
98. Consistency Concept
99. Revaluation Reserve
100. Extraordinary Items
101. Prior Period Items

13. Conclusion

• Summary of key learnings
• How to apply these terminologies in real business or banking scenarios
• Encouragement for continuous learning

📌 Final Words

This book is not just an academic guide, it’s a conversation starter — a journey that builds your confidence as you master each concept with clarity and real-world relevance.

Start your journey with Vinu & Manu — and become fluent in the language of accounting!