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"
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
The numerical value of Accounting in Chaldean Numerology is: 2
The numerical value of Accounting in Pythagorean Numerology is: 8
Sample Sentences & Example Usage
The Social Sciences are good at accounting for disasters once they have taken place.
There's no business like show business, but there are several businesses like accounting.
We can’t make policy based on an accounting exercise that is not as well founded as we’d like.
The scheme is slipping through a set of accounting rules regarding special-purpose vehicles, it's compliant, but goes against the principle of accounting.
The objective of this standard is to align the economics of lending with the accounting, if you have an expectation of loss, why should accounting ignore that?
Images & Illustrations of Accounting
Translations for Accounting
From our Multilingual Translation Dictionary
- kirjanpito, laskentatoimiFinnish
- könyvelés, számvitelHungarian
- akunting, akuntansiIndonesian
- 会計, 経理, 会計学Japanese
- boekhouding, accountingDutch
- счетоводство, бухгалтерия, учетRussian
- bokföring, räkenskap, bokfSwedish
- கணக்கு வழக்கு, கணக்கியல்Tamil
- kế toánVietnamese
Get even more translations for Accounting »
Find a translation for the Accounting definition in other languages:
Select another language: