Accounting
Definition
1) The procedure of recording, analyzing, summarizing and classifying the financial transactions and information of a person or business which aids in accurate administration of resources.
2) A plaintiff's legal action to recover money owed to the plaintiff by the defendant. Also known as accounting for profits.
Illustrative caselaw
See, e.g. Free Enterprise Fund v. Public Co. Accounting Oversight Bd., 130 S.Ct. 3138 (2010).
See also
Definition from Nolo’s Plain-English Law Dictionary
The process by which financial information about a business is recorded and analyzed.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:10 pm
