Jordan ASCA IAASB Glossary

7/25/2019 Jordan ASCA IAASB Glossary

1/15

Term in English Term in Arabic

Government Business Enterprises

[Amount] recoverable ][

Cost of sales method

Acceptable under IFRSs

Access controls

Account balances

Accountability of management

Accounting

Accounting estimate

Accounting estimate

Accounting estimates

accounting for inventories

Accounting income

Accounting model

Accounting period

Accounting policies

Accounting Policies, Changes in Accounting Estimates and Errors

Accounting policy

Accounting principle

Accounting profit

Accounting record

Accounting treatment

Accounts payable

Accounts receivable

Accounts Receivable

Accrual basis

Accrued liabilities

Acquisition

Acquisition

acquisition date

Active market

active use

Actuarial assumptions

Additional comparative information

Additional consideration

additional disclosure

Additional Professional Accountant

adherence to high-quality professional standards

adjustment

Adjustments

Administrative expenses

Admission fees

Advance

Adverse opinion

Advertising

Agency

Aggregate

Aggregation Amortisation

Amortisation method

Amortisation period

Amortised cost

amount payable

Analysis

Analytical procedures

Annual report

Anomalous error

Appendix


2/15

Applicable Financial Reporting Framework

Application controls in information technology

Application of Requirements

application supplement

appraisal

Appropriateness

Approved

Arms length transaction

Asking price

Asseration-Based Assurance Engagments

Assertion level

Assertions ( (

Assess

Asset

asset exchange transactions

Assistants

Associate

Association

Assumptions

Assurance

Assurance Client

Assurance Engagement

Assurance engagement risk

Assurance Team

Attendance

Audit documentation

Audit engagement letters

Audit evidence

Audit firm

Audit matters of governance interest

Audit opinion

Audit report

Audit risk

Audit sampling

Auditor

Auditor association with financial information

Authentication

Automation

Balance sheet

Balance sheet date

Balance sheet liability method

Bank

Bank overdraft

Bankruptcy

bargain purchase

basis adjustment

Best estimate

Bias

Bid bonds

Bid price

bid-ask spread

Board of directors

Bonus issue

Bonus plan

book of contracts

Book value

Borrowing costs

business

/

Business combination

Business segment


3/15

Business unit

Buying segment

Cap

Capital

Capital contribution

Capital expenditure

Capital gain

Capital maintenance

Capital maintenance adjustment

Capitalisation

capped interest rate

Carried at cost

Carry forward

Carrying amount

Cash

Cash Basis

Cash Basis of Accounting Cash equivalents

Cash flow

Cash Flow Statements

Cash generating unit

Cash inflow

Cash on hand

Cash outflow

Cash payments

cash price equivalent

Cash proceeds

arge w overnance

Chief executive officer

Claim

Class of assets

class of financial asset

Classification

Clearly Insignificant

Close family

close members of the family of the individual

Collateral

Collusion

commercial loans

Commitment

Commodity

Common control

Communication of errors

Comparability

Comparative balance sheet

Comparative financial statements

Comparative information

Comparatives

Compilation engagement

Completeness compliance period

Compliance with International Accounting Standards

Component

Component of a complete set of financial statements

Comprehensive basis of accounting

Computer-assisted audit techniques

Conclusions

Conditions

confidence level

Confidence levels


4/15

Confidentiality

configuration of the cash flows

Confirmation

Conflict of interest

Consequential amendment

consideration

/

Consolidated and Separate Financial Statements

Consolidated balance sheet

Consolidated financial statements

Consolidated Financial Statements and Accounting for Investments in

Subsidiaries

Consolidated group

Consolidation

Consolidation purposes

Construction contract

Construction Contracts

Construction Contracts Constructive obligation

Contingency

Contingent asset

Contingent Fee

Contingent liabilities

Contingent liability

Contingent rent

contingent settlement provision

Continuing auditor

Continuing operations

Contract

contractual cash flows

Contribution

contributor

control /

Control (of an asset) )(

Control (of an enterprise) )

(

Control activities

Control environment

Control risk

Controls

convenience translation

Convergence

co-operative

Copyright

core goodwill

Corporate assets

Corporate governance

Corresponding figures

Cost

Cost formula

Cost method

cost model

Cost of an acquisition

Cost of an investment

Cost of conversion

Cost-based measurement

costs of conversion

Costs of disposal

costs to sell

counterparty

country of incorporation or residence

Country risk


5/15

coupon /

Credit facilities

Credit risk

Creditors

Creditworthiness

criteria for recognising

cross-reference

CTDs

Currency risk

Currency units

Current asset

Current cost

Current liabilities

Current period figures

cushions

Custody of client assets

customer list

database

Date of acquisition

Date of approval of the Financial Statements

date of exchange

Date of the auditors report

Date of the Financial Statements

Date of transition to IFRS

Date the financial statements are issued

Debt

Debt instrument

Decision-useful information

Defer

Deferral method

Deferred tax

Deferred tax assets

deferred tax income

Deferred tax liabilities

Defined benefit liability

Depreciation

Depreciation methods

Derecognition

Derivative

Derivative financial instruments

Derivative financial statements

Detection risk

determination of cost

Developing Nations

Development

Development costs

Direct Financial Interest

Director or Officer

Directors

disaggregated information

Disclaimer of opinion

Disclose

Disclosure

Disclosure and Presentation

Disclosure of Information About the General Government Sector

disclosure requirement

Discount rate

discounted basis

Discounting

Discussions


6/15

Disposal

Earnings /

Earnings

Economic benefits

Economic life

Effective date

Effective date

Effective interest method

effective interest rate

Electronic Data Interchange

Embedded derivative

Emphasis of matter paragraph (s) ( (

Encryption )

(

Engagement documentation

Engagement letter

Engagement partner

Engagement partner

Engagement quality control review

Engagement quality control reviewer

Enterprise

/

Entity

Entity's risk assessment process

Environmental matters

Environmental risk

Equity

Equity instrument

Ethical behavior

Ethical Conflict Resolution

Ethics

events

Events After the Balance Sheet Date

Events After the Reporting Date

Exchange difference

Exchange rate

Exercise of professional judgment

Existing accountant

Existing auditor

Expected error

Expenditure

Expenses

Experienced auditor

Expert

Expiry date

Exposure draft

External audit

External auditor

External confirmations

Extraordinary items

Fair presentation

Fair presentation

Fair value

Faithful representation

Fees

Fictitious journal entries

Fiduciary risk

FIFO

Financial asset

Financial guarantee

Financial institution

Financial instruments


7/15

Financial Instruments: Disclosure and Presentation :

Financial Instruments: Recognition and Measurement :

Financial interest

Financial liability

Financial performance

Financial position

Financial reporting

Financial Reporting in Hyperinflationary Economies

Financial Reporting of Interests in Joint Ventures

Financial review

financial risk

Financial statement audit client

Financial statement audit engagement

Financial statement users

Financial statements

Financing activities

Financing device

Firewall

Firm

first-in, first-out

First-time adopter

First-time adoption

First-time Adoption of International Financial Reporting Standards

First-time Application

First-Time Application of IASs as the Primary Basis of Accounting

Fixed asset

Floor

Forecast

Forecast

Foreign exchange contract

Foreign Exchange Rates

Foreign operation

Forgivable loans

Framework

Framework for the Preparation and Presentation of Financial Statements

Fraud

Fraud risk factors

Fraudulent action

Fraudulent financial reporting

Fundamental errors

Fundamental Errors and Changes in Accounting Policies

Funding

Future cash flow

Future economic benefit

Futures

Futures contract

GAAP

Gain on disposal

Gains

General IT-controls

General ledger

General purpose financial statements

general recognition principle

Geographical segments

Gifts and Hospitality

Global Economy

Glossary Terms

Glossary of Defined Terms

Going concern


8/15

Goods

Goodwill

Governance

governing body

governing charter

Government

Government assistance

Government business enterprises

Government grants

government guarantee

grant date

Gross profit

Group

Guarantee

/

guarantee fund

Guaranteed residual value

Harmonise

/

Harvest

Hedge accounting

Hedge effectiveness

Hedged item

Hedging Hedging instrument

Hedging relationship

Historical cost

Host contract

host instrument

hybrid instrument

Hyperinflation

Hyperinflationary economies

IAASB

IAPC

IAS

IASC

IASC Foundation Constitution

IASCF

Identifiable asset

IFAC

IFAC Code of Ethics for Professional Accountants

IFAC Regulatory Liaison Group (IRLG)

IFRIC

IFRS

IFRS-compliant

Immediate family

Impairment

Impairment loss

Impairment of Assets

Impairment of NonCash Generating Assets

Implementation Guidance

Incentives

Income

Income statement = Statement of income

Income tax

income tax expense

Income Taxes

Incoming auditor

Independence

Indirect financial interest

Inducements


9/15

Inflation

Information Reflecting the Effects of Changing Prices

Information system relevant to financial reporting

Inherent risk

Initial audit engagement

initial classification

Initial Direct Costs

Initial measurement

Initial recognition

Inquiries

Inquiry

Inspection

Insurance agency commissions

insurance assets

Insurance company

Insurance contract

Insurance Contracts

Insurance enterprise

insurance liability

insurance obligations

insurance risk

insurance swaps

insured event

insurer

Intangible asset

Intangible Assets

integral foreign operation

Integrity

Intellectual property

Intended users

Interest

Interest rate risk

Interests in Joint Ventures

Interim financial information

Interim Terms of Reference

Internal auditing

Internal auditor

Internal control

Internally generated

International Accounting Standard

International Accounting Standards Committee

International Accounting Standards Committee Foundation

International Assurance Engagement Practice Statements (IAEPSs)

International Auditing Practice Statements (IAPSs)

International Federation of Accountants

International Financial Reporting Interpretations Committee

International Financial Reporting Standard

International Pupblic Sector Accounting Standards Board

International Related Services Practice Statements (IRSPSs)

International Review Engagement Practice Statements (IREPSs)

International Standards on Assurance Engagements ISAEs

International Standards on Auditing ISAs

International Standards on Review Engagements ISREs

Inventories

investee

Investigate

Investing activities

Investment

investment contract

Investment enterprise


10/15

investment grade

Investment performance

Investment Property

Investments in Associates

IPSAS IPSASB

ISA

IT environment

Joint venture

Jointly controlled

Judgments

jurisdiction

key management personnel

Kickbacks

Language

last-in, first-out

Leases Legal and documentary risk

Legal obligation

Lender

Lessee Liabilities

Liabilities assumed

Liability

Liability component

liability issue

Limitation on scope

Limited assurance engagement

Limited assurance engagement

Liquid assets

Liquidity

liquidity presentation

Liquidity risk

Listed entity

Litigation

Loan

loan asset

loan commitment

Loans and advances

loans and receivables

Local Area Network (LAN)

Management

Management Representations

Manipulation

Market expectations

Market price

market rate of interest

Market risk

Market value

Marketable

/

Marketable securities

Material adjustments

material errors

Material inconsistency

Material misstatement of fact

Material misstatements due to fraud

material omissions

Material weaknesses

Materiality

/


11/15

Maturity

maturity value

Measurement

Measurement bases

measurement date

Membership fees

merchandise

/

Merger

method of accounting

minerals and mineral products

Minority interest

Misappropriation of assets

Misstatement

Misstatement

Modeling risk

Modified auditor's report

Monetary asset

Monitoring (in relation to quality control) )(

Monitoring Group (MG)

Monitoring of controls

National practices (auditing) ) )

National standards (auditing) )

(

Net income

Net loss

Net monetary position

Net position

Net profit

Net profit or loss [for the period] ][

Network Firm

Neutrality

Noncompliance

Non-monetary asset

non-redeemable

Non-sampling risk

Non-Standard journal entries

Non-statistical sampling

notes (receivable/payable) )

/

(

Notional amount

Objectivity

Observation

Offers

Office

Onerous contract

Opening balances

Opening IFRS balance sheet

Operating activities

Operating cycle

Operating lease

Operating LeasesIncentives

-

operating segment

Operational risk

Opinion

Opportunities

Option

option contract

Ordinary activities

Ordinary share

Other auditor

Overall audit strategy


12/15

Overall responses

Override

Oversight

Owners' equity

ownership interest

Paid in capital

parent

Payments

/

PCs or personal computers (also referred to as microcomputers) ) )

Pension

Pension liability

Pension scheme

Percentage of completion method

Performance

Personnel

Physical inventory count

Planning

policyholder

Population ) )

Post balance sheet events

Potential conflicts

PractitionerPredecessor auditor

Preface to International Financial Reporting Interpretations Committee

Preface to International Financial Reporting Standards

Present obligation

Present value

Presentation

presentation currency

Presentation of Budget Information in Financial Statements Presentation of Financial Statements

Pressures

Previous GAAP

Price index

Price risk

Primary Basis of Accounting

primary economic environment

Primary financial instruments

Primary objective

Primary reporting format

Principal auditor

Professional accountant

Professional accountant in business

Professional accountant in public practice

Professional behavior

Professional competence and due care

Professional services

Professional skepticism

Profit

Profit after tax

Profit allowance

Profit before tax

Profit sharing

Programming controls

Property, Plant and Equipment Proportionate consolidation

proportionate interest

Proposed auditor

Proposed improvements

Prospective application


13/15

Prospective financial information

Provision

Provision for loss

Provisions

Provisions, Contingent Liabilities and Contingent Assets

proxy

Prudence

PSC

public entity

Public Interest Oversight Board (PIOB)

Public sector

Public sector

Public Sector Accounting

Public sector perspective

Purchase method

purchase price

Qualified opinion

Quality control

Reasonable assurance (in the context of an audit engagement) )

(

Reasonable assurance (in the context of quality control) )

(

Reasonable assurance engagement

Reasonable assurance engagement

Recalculation

Receipts

Receivables

recognised financial instruments

Recognition

recogn on as an expense

Recognition criteria

Reconciliation

reconciliation period

Recoverability

recoverable

Recoverable amount

Recurring audits

Redemption

Redrafted

Reformatted (IAS) )(

Regulatory risk

Related entity

Related parties

Related Party Disclosures

Related party transaction

Related party transaction

Related services

Relevance

Reliability

Remeasurement

Reperformance

Replacement risk

Reporting currency

Reporting date

Reputational risk

Research

Reserve

Reserves

Response

Responsible party

Restructuring

Result


14/15

Return on investment

Returns

Revaluation

Revaluation reserve

Revaluation surplus

Revenue

Revenue from Exchange Transactions

Revenue from Non-Exchange Transactions (Taxes and Transfers) )

(

Revenues

Reversal

Review (in relation to quality control) )

(

Review procedures

Risk assessment procedures

Risks of Material Misstatement

Sales

Sampling risk

Sampling unit

Scope limitation

Scope of a review

Scope of an audit

Second opinions

Segment information

Segment Reporting

Services

Serving the Public Interest

Settlement date

settlement date accounting

se emen prov s on

Settlement risk

Significance

Significant risk

Small entity

Solvency

Solvency risk

SPE

Special purpose auditor's report

Special purpose entity

specific identification of costs

Standing Interpretation Committee

Statistical sampling

Stratification

Subject matter information

Subsequent events

Subsidiary

Substantive Procedure

Successor auditor

Sufficiency

Suitable criteria

Suitably qualified external person

Summarized financial statements

Supplementary information

supplier

Swap contract

swaption /

Syndication

/

synthetic instrument

Tangible asset

Tax

Tax base


15/15

tax benefit

tax effects

Tax expense (tax income) )

(

tax jurisdiction

Tax liability

Tax purposes

Tax rate

Terms of audit engagement

Test

Test of control

The Effects of Changes in Foreign Exchange Rates

Threats

Tolerable error

Total error

Trade receivable

trade secret

trading gains and losses

Transaction

Transaction loges

Transactions

Transfer

/

Transfer risk

Translation difference

translation method

Translation of foreign currency

Uncertainty

Understandability

Un ualified o inion

Unusual or unexpected relationships

vesting period

voting rights

Walk-through test

Warrant

Warranty

warranty obligation

Weighted Average

Wide Area Network (WAN)

Working capital

Working papers

Working Procedures

Write off

Documents

Jordan ASCA IAASB Glossary