Dictionary of Accounting

Over 200 new terms have been added to this second edition, bringing the total to over 1,300 definitions. Many of the original entries have been revised, and comprehensive coverage is provided for financial accounting, management accounting, taxation, auditing, social accounting, information systems, computers, financial analysis, reporting standards, and statistical methods. Among the new terms are accelerated cost recovery system (ACRS), "carve-out" accounting, debt defeasance, deep discount bonds, flat rate tax, Governmental Accounting Standards Board, junior stock, "push down" accounting, shelf registration, single audit concept, stripped bond, tax equity and fiscal responsibility act, and windfall profits tax, to name a few.Ralph Estes is Professor of Accountancy at Wichita State University.

"For any person, from student to practicing professional, who needs accurate, clearly stated, yet brief definitions of accounting terminology, this book is a must. The well-phrased definitions are not burdened by an insider's jargon; Dr. Estes writes as a teacher wishing to instruct the reader. He uses such supplementary aids as line drawings, journal entries, and liberal cross-references to similar or related terminology, making the book highly usable." American Reference Books Annual (review of the first edition)