Accounting Terminology

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
As a Foundation level student, I sometimes get confused by the accounting terms used in my everyday job as I have not yet covered these subjects.<BR><BR>Can anyone recommend a good website (or possibly a book) which gives you basic accounting terms and their meanings?<BR><BR>Thanks very much!

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Accounting Terminology

    Hi, try the following link from the bized.ac.uk site<BR><BR>http://www.bized.ac.uk/glossary/glossary.htm<BR><BR>Scott.<BR&gt;
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Accounting Terminology

    Hello m8y<BR><BR>I know how you feel, the weekend after I started my new job in accounts, I went out and scoured the bookshops for something which would help me - came up with the following book - <BR><BR>Oxford Dictionary of Accounting<BR>Published by Oxford University Press<BR>ISBN 0-19-280099X<BR>RRP £8.99 <BR>www.oup.com<BR><BR>It's an excellent book the only riders I would add is that <BR><BR>a, For some reason publishing houses seem to imagine that accountancy students are as rich as croesus. <BR>b, Please note that some terminology - (especially acronyms) are in-house expressions which exist solely inside the minds of your line-manager and his cohorts!! <BR><BR>Good luck and happy hunting!!<BR><BR>Sarah<BR>
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Accounting Terminology

    Oh I know what you mean, I am still at that level and I have just completed my technician level!<BR><BR>Why cant they call things by names that everyone understands? why do they call them credits when they could be called something basic like "add". The only thing that I have found is that it makes you sound like you know what you are talking about when you "talk the talk", but still, I would like to call credits "add" or debits "minus"... but hey!!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Accounting Terminology

    Hi<BR><BR>CIMA have a neat little book, that I found particularly useful -><BR><BR>CIMA Official Terminology<BR>ISBN 1 874784 49 3<BR><BR>I can't remember what it cost ( it went on the company literature budget !) but I think it was around a tenner<BR><BR>David

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