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Feb 17, 2020 · "This dictionary offers comprehensive coverage of financial and management accounting. Nearly 4,000 clear and accessible entries give straightforward definitions of terms, concepts, and jargon. It is a resource for students and professionals in the fields of accounting and finance."
Accounting: The process of gathering and preparing financial information about a business or other organisation in a form that provides accurate and useful records and enables decisions to be made. Accounting cycle: This covers everything from opening the 'books' at the start of the year to closing them at the end.
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This glossary includes those terms that business owners will encounter when interpreting their accounts or reviewing their financial information with their accountant.
This glossary contains a variety of terms used in financial management in the private, pubic and not-for- profit section. Where possible it will noted when where they are most commonly used.
This glossary is extracted from the International Financial Reporting Standards and International Accounting Standards that are published in this edition. These Standards were issued by the International Accounting Standards Board (Board) or its predecessor, the International Accounting Standards Committee.
Accounting: A method of furnishing the essential financial information to ensure that management can make informed decisions on its daily operations and provides financial control over the organization’s assets.
With its authoritative and straightforward definitions and its wide-ranging coverage, this dictionary is essential for students and professionals in accounting and finance. It is also an ideal source of reference for anyone seeking a clear guide to the often-confusing world of accountancy terms.
