The updated edition of this quick-reference short-entry dictionary defines more than 2,500 accounting, auditing, compliance, and tax-related terms. General areas covered include financial accounting and reporting, managerial and cost management, auditing and financial statement analysis, compliance, and information technology (IT) terms. Also included are many terms from related business disciplines that the accountant must know, such as finance, personal finance, investments, Internet, economics, quantitative tools, and international finance terms.

«Books in «Barron's Business Library Series» speak to men and women who are starting a company or managing a small-to-medium-size business. Advice and instruction is geared to daily operations and finding practical solutions for typical problems. Topics discussed in this book include understanding cost concepts, job-order costing, process costing, activity-based costing (ABC), activity-based management (ABM), cost-volume and break-even analysis, budgeting, cost analysis for non-routine decisions, how to make capital budgeting decisions, performance metrics such as the balanced score card, and a variety of cost management tools, including target costing and life-cycle costing. The authors cover all important issues that relate to budgeting and affect company profitability. A helpful appendix presents tables that account for the time value of money, and a glossary gives definitions of specialized cost management terms.»

The authors offer guidance in understanding and analysing financial statements, the time-value of money, making capital budgeting decisions, and much more. Appendices include a list of online Internet resources and short descriptions of Excel financial and investment functions. New in this edition is up-to-date information on SEC reporting requirements, managing dependent-demand inventories, the Sarbanes-Oxley Act, and more. Titles in this series speak to men and women who are starting a company or managing an ongoing small-to-medium-size business. Emphasis is on daily operations and problem solving, with examples cited in these books based on true-to-life situation.