Glossary

Abstract

The TRANSACC glossary aims to provide the reader with a well structured and comprehensive tool for ease of use in daily practical work. The choice of terms included in the glossary derives from a close study of other glossaries included in contemporary accounting literature, as well as the particular concerns of TRANSACC and the experience gathered in the co-ordination of the TRANSACC project. There is no guarantee of completeness, due in part to the fact that some terms like ‘the true and fair view’ have not been included, since their translation into other languages is rather cumbersome and many countries either make use of the original English term or use descriptions the equivalence of which to the original is more than debatable (see below).