{"id":8181,"date":"2017-01-05T10:47:56","date_gmt":"2017-01-08T04:13:35","guid":{"rendered":"http:\/\/legaldictionary.lawin.org?p=8181"},"modified":"2017-01-05T10:47:56","modified_gmt":"2017-01-08T04:13:35","slug":"accounting","status":"publish","type":"post","link":"https:\/\/legaldictionary.lawin.org\/accounting\/","title":{"rendered":"Accounting"},"content":{"rendered":"

Legal Definition and Related Resources of Accounting<\/h1>\n
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Meaning of Accounting<\/h3>\n<\/div>\n

The making and rendering of an account. Usually, but not necessarily, applied to accountings under order of court.
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What does Accounting mean in American Law?<\/h3>\n

The definition of Accounting in the law of the United States<\/a>, as defined by the lexicographer Arthur Leff<\/a> in his legal dictionary<\/a> is:<\/p>\n

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

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.<\/p>\n

Browse<\/h2>\n

You might be interested in these references tools:<\/p>\n\n\n\n\n\n\n\n
Resource<\/th>\nDescription<\/th>\n<\/tr>\n
Accounting in the Dictionary<\/a><\/td>\nAccounting in our legal dictionaries<\/td>\n<\/tr>\nBrowse the Legal Thesaurus<\/a><\/td>\nFind synonyms and related words of Accounting<\/td>\n<\/tr>\n
Legal Maxims <\/a><\/td>\nMaxims are established principles that jurists use as interpretive tools, invoked more frequently in international law <\/td>\n<\/tr>\n
Legal Answers (Q&A) <\/a><\/td>\nA community-driven knowledge creation process, of enduring value to a broad audience<\/td>\n<\/tr>\n
Related topics<\/a><\/td>\nAccounting in the World Encyclopedia of Law <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Notice<\/h2>\n

<\/a>This definition of Accounting Is based on the The Cyclopedic Law Dictionary <\/a>. This entry needs to be proofread<\/a>.<\/p>\n

Vocabularies (Semantic Web Information)<\/a><\/h2>\n\n\n\n\n\n\n\n
Resource<\/th>\nDescription<\/th>\n<\/tr>\n
Topic Map<\/a><\/td>\nA group of names, occurrences and associations<\/td>\n<\/tr>\n
Topic Tree<\/a><\/td>\nA topic display format, showing the hierarchy<\/td>\n<\/tr>\n
Sitemap Index<\/a><\/td>\nSitemap Index, including Taxonomies<\/td>\n<\/tr>\n
https:\/\/legaldictionary.lawin.org\/accounting\/ <\/a><\/td>\nThe URI of Accounting (more about URIs<\/a>)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

U.S. General Accounting Office Resources<\/h2>\n

See Also<\/h3>\n
  • Law Dictionaries<\/a>.<\/li>\n
  • Congress of the United States; Federal Budget; Office of Management and Budget; Treasury Department.\n

    Budget, Federal ; Comptroller General of the United States ; Congress, United States ; Defense, Department of.<\/li>\n

    Further Reading<\/h3>\n

    Mosher, Frederick C. The GAO: The Quest for Accountability in American Government. Boulder, Colo. : Westview Press, 1979.<\/p>\n

    Trask, Roger R. GAO History, 1921-1991. Washington, D. C. : United States General Accounting Office, History Program, 1991.<\/p>\n

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

    Roger R.Trask\/c. w.<\/li>\n

    Accounting Definition (in the Accounting Vocabulary)<\/h2>\n

    The New York State Society of Certified Public Accountants offers the following definition of Accounting<\/a> 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.<\/p>\n

    United States Tax Concept of Accounting Method<\/h2>\n

    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.<\/p>\n

    Definition of Accounting<\/h2>\n

    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.<\/p>\n

    Accounting: Resources<\/h2>\n

    Notes and References<\/h3>\n