The newly updated edition of this authoritative reference volume deserves a place in the library of every accountant, bookkeeper, accounting manager, business manager, and business student. An opening overview of financial accounting describes financial statements and presents details on financial reporting requirements. Chapters that follow cover cost accounting, as well as taxation forms and their preparation. An extensive A-to-Z dictionary of accounting terms presents short-entry definitions of everything from Abacus and Absorption Costing to Zero-Base Budgeting and Z Score. The book's concluding chapters cover information technology in accounting, quantitative methods for accounting, auditing, personal financial planning, governmental and nonprofit accounting, international accounting, and forensic accounting. Appendices cover recent accounting-related legislation, financial reporting differences among different countries, and more.