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 don’t know what some accounting terms mean. That is why I decided to compile an accounting term dictionary.
This isn’t an ordinary dictionary that you find in the back of one of your accounting textbooks. My accounting dictionary is written completely in everyday, non-accounting language, so you can understand it. I also explain each accounting term in detail and give a few examples.
I think this simplified concept helps people learn terms and accounting principles faster and helps them retain the information longer. You can use either the search box to find a word that you are looking for or use the alphabet at the top of the page. If you don’t see the term you are looking for, feel free to email me with any suggestions you think I should add to the dictionary!