TT&L accountTreasury tax and loan account at a bank.
Account executiveAccount executive
The brokerage firm employee who handles stock orders for clients. See: Broker.
Nominee accountNominee account
An account in which the named holder holds the assets in it on behalf of another (the beneficiary). In the stock market, the most common use of nominee accounts is where execution-only brokers act as nominees for their clients. The shares are registered in the name of the broker, but the client has beneficial ownership of them. The advantage of nominee accounts is that they make settlement quicker and more streamlined. In theory, dealing costs should be lower. There are some disadvantages: because the individual isn't the registered owner of the shares, he doesn't get sent company reports and accounts, and can't take advantage of shareholder perks, unless his brokers provides a special forwarding service.
Statement of Financial Accounting Standards No 52Statement of Financial Accounting Standards No 52
The currency translation standard currently used by US firms. It mandates the use of the current rate method. See: Statement of Financial Accounting Standards No. 8.
Joint accountJoint account
Typically a bank or brokerage account in the names of two (or more) people. Arrangements can be made such that either individual or all signatures are required when drawing checks/cheques.
Accounts receivableAccounts receivable
Amounts due to an organisation or individual from another for goods or services it has supplied.
Further Suggestionscurrent cost accounting
Historical Cost Accounting Convention
Current account balance
Special bond account
Accrual Accounting Convention
Average accounting return