Accounting definition, the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (distinguished from bookkeeping). Whether you are a business student, an accountant at a large corporation or frequently have to deal with accountants, you will find this bilingual accounting dictionary an invaluable tool. Learn accounting online with Simplestudies. We explain accounting principles in a simple way. Our course includes accounting tutorials on introduction to accounting, accounting tests with detailed explanations, and accounting dictionary. The Easy Way to Learn Accounting for Free! Over 2, 500 accounting topics and terms explained. Get started learning with these accounting course topics! Free Financial Ratio Cheat Sheet Enter your name and email below to sign up for the newsletter and get a free cheat sheet for practicing financial ratios. Over 80, 000 people have used this. Understand Accounting Terms Make Better Financial Decisions This practical financial dictionary for accounting terms helps you understand and comprehend most common accounting lingo. accounting dictionary defines accounting terms in a way that is easy for anybody to understand Find accounting terms online in accounting dictionary for financial and managerial accounting. All accounting terms are defined and sorted by first letter. When the accounting had been done, it was found that a small amount of money was missing, probably due to a faulty ledger entry somewhere along the line. There are a number of common terms that need to be defined further in our glossary of terms, including investment, housing, real estate and financial terms. Accounting, Business Studies and Economics Dictionary. Choose the initial letter of the term you wish to visit and click on it. The practice or profession of maintaining the financial records of a business, including bookkeeping as well as the preparation of statements concerning the assets, liabilities, and operating results. accounting Translation to Spanish, pronunciation, and forum discussions Rules of accounting that should be followed in preparation of all accounts and financial statements. The four fundamental concepts are (1) Accruals concept: revenue and expenses are recorded when they occur and not when the cash is received or paid out; (2) Consistency concept: once an accounting method has been chosen, that method should be used unless there is a sound reason to do otherwise. 1: the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results also: the principles and procedures of this system studied accounting. Learn Accounting Online for Free Welcome to Accounting Explanation website. This website explains financial and managerial accounting with amazing clarity. accounting terms dictionary of definitions, financial accounting, principles of accounting, intermediate financial accounting, advanced accounting, accounting tutor, accounting homework help, accounting career, accounting jobs, online accounting courses, Online accounting degree, accounting masters degree, online accounting education, accounting classes, accounting examination, accounting. Many words used in the accounting profession have specialized meanings. In fact, some words are just made up for the accounting profession. I know if can be difficult to learn concepts of accounting principles if you dont know what some accounting terms mean. verb (used with object) to border with or like a bank; embank: banking the river with sandbags at flood stage. to form into a bank or heap (usually followed by up): to bank up the snow. ; to build (a road or railroad track) with an upward slope from the inner edge to the outer edge at a curve. Due to globalization, and the consolidation of many industries, several international holding companies have emerged. That fact has highlighted the need to understand and use accounting, financial and tax vocabulary in several languages, especially in English, which is the universal financial language. She has one of the most creative minds in the business. They've come up with some creative new ways to make money. a creative solution to a difficult problem He teaches creative writing at the university. the first step in the creative process It turns out that the company's report of record profits last year was due to some creative accounting. English 4 Accounting was designed to help teachers organize and improve their English for Accounting classes. It is also a great resource for professional accountants who want to improve their English. Many activities are included such as reading, grammar, listening, writing, and