Legal Definition and Related Resources of Accounting

Meaning of Accounting

The making and rendering of an account. Usually, but not necessarily, applied to accountings under order of court.

What does Accounting mean in American Law?

The definition of Accounting in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:

What an accountant does for a living. Also an action, usually “in equity,” to secure the determination, statement, and eventual payment of an account.

The action is particularly suited to disputes in which the claim is complex or uncertain; for simple accounts, in which the claim is for a reasonably certain amount, the investigative capacity of the action for an accounting is unnecessary. Thus, where a modern action in contract or debt is sufficient, the equity action will not be entertained.


You might be interested in these references tools:

Resource Description
Accounting in the Dictionary Accounting in our legal dictionaries
Browse the Legal Thesaurus Find synonyms and related words of Accounting
Legal Maxims Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law
Legal Answers (Q&A) A community-driven knowledge creation process, of enduring value to a broad audience
Related topics Accounting in the World Encyclopedia of Law


This definition of Accounting Is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

Vocabularies (Semantic Web Information)

Resource Description
Topic Map A group of names, occurrences and associations
Topic Tree A topic display format, showing the hierarchy
Sitemap Index Sitemap Index, including Taxonomies The URI of Accounting (more about URIs)

U.S. General Accounting Office Resources

See Also

  • Law Dictionaries.
  • Congress of the United States; Federal Budget; Office of Management and Budget; Treasury Department.

    Budget, Federal ; Comptroller General of the United States ; Congress, United States ; Defense, Department of.

  • Further Reading

    Mosher, Frederick C. The GAO: The Quest for Accountability in American Government. Boulder, Colo. : Westview Press, 1979.

    Trask, Roger R. GAO History, 1921-1991. Washington, D. C. : United States General Accounting Office, History Program, 1991.

    Walker, Wallace Earl. Changing Organizational Culture: Strategy, Structure, and Professionalism in the U. S. General Accounting Office. Knoxville: University of Tennessee Press, 1986.

    Roger R.Trask/c. w.

    Accounting Definition (in the Accounting Vocabulary)

    The New York State Society of Certified Public Accountants offers the following definition of Accounting in a way that is easy for anybody to understand: Recording and reporting of financial transactions, including the origination of the transaction, its recognition, processing, and summarization in the FINANCIAL STATEMENTS.

    United States Tax Concept of Accounting Method

    An Accounting Method is a method used by a business or individual to keep its records. Most individuals and small businesses use the cash method, although businesses that maintain inventory are required to use the accrual method.

    Definition of Accounting

    The Canada social science dictionary [1] provides the following meanings of Accounting: (1) As used in the sociology of deviance, accounts refers to the rationalizations that people provide for their actions. Two large groups of accounts are distinguished: justifications and excuses. (2) In ethnomethodology the term is used to refer to the practices of observation and reporting which make objects and events observable and objective. For example, if a teacher claims that a student is above average, there are a set of things the teacher routinely does (setting tests and assignments, grading participation etc. ) to give this claim foundation and demonstrate the competence of the student in an objective and rational of the student is therefore connected to these accounting practices.

    Accounting: Resources

    Notes and References

    • Drislane, R., & Parkinson, G. (2016). (Concept of) Accounting. Online dictionary of the social sciences. Open University of Canada


    Legal English Vocabulary: Accounting in Spanish

    Online translation of the English legal term accounting into Spanish: contabilidad (English to Spanish translation) . More about legal dictionary from english to spanish online.

    Related to the Legal Thesaurus


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