Definitions for Accountingəˈkaʊn tɪŋ
This page provides all possible meanings and translations of the word Accounting
Random House Webster's College Dictionary
the system or occupation of setting up, maintaining, and auditing the books of a firm and of analyzing its financial status and operating results.
a detailed report of the financial state or transactions of a person, company, etc.
Origin of accounting:
a convincing explanation that reveals basic causes
"he was unable to give a clear accounting for his actions"
a system that provides quantitative information about finances
the occupation of maintaining and auditing records and preparing financial reports for a business
accounting, accounting system, method of accounting(noun)
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
account, accounting, account statement(noun)
a statement of recent transactions and the resulting balance
"they send me an accounting every month"
Kernerman English Learner's Dictionary
the process of keeping financial records
The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
A relaying of events; justification of actions.
He was required to give a thorough accounting of his time.
Origin: * First attested in the late 14th century.
Accounting, or accountancy, is the measurement, processing and communication of financial information about economic entities. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms accounting and financial reporting are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, auditing, and tax accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement, analysis and reporting of information for internal use by management. The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.
U.S. National Library of Medicine
System of recording financial transactions.
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'Accounting' in Spoken Corpus Frequency: #3832
Written Corpus Frequency
Rank popularity for the word 'Accounting' in Written Corpus Frequency: #4739
Rank popularity for the word 'Accounting' in Nouns Frequency: #1576
Translations for Accounting
Find a translation for the Accounting definition in other languages:
Select another language: