Vocabulary     

What does ACCOUNTING mean?

Definitions for ACCOUNTING
əˈkaʊn tɪŋac·count·ing

This dictionary definitions page includes all the possible meanings, example usage and translations of the word ACCOUNTING.

Princeton's WordNet

  1. accountingnoun

    a convincing explanation that reveals basic causes

    "he was unable to give a clear accounting for his actions"

  2. accountingnoun

    a system that provides quantitative information about finances

  3. accountancy, accountingnoun

    the occupation of maintaining and auditing records and preparing financial reports for a business

  4. accounting, accounting system, method of accountingnoun

    a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts

  5. account, accounting, account statementnoun

    a statement of recent transactions and the resulting balance

    "they send me an accounting every month"

Wiktionary

  1. accountingnoun

    The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.

  2. accountingnoun

    A relaying of events; justification of actions.

    He was required to give a thorough accounting of his time.

  3. Etymology: * First attested in the late 14th century.

Samuel Johnson's Dictionary

  1. Accountingnoun

    The act of reckoning, or making up of accounts.

    Etymology: from account.

    This method faithfully observed, must keep a man from breaking, or running behind hand in his spiritual estate; which, without frequent accountings, he will hardly be able to prevent. Robert South, Sermons.

Wikipedia

  1. Accounting

    Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations. 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 stakeholders, 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, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers. 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. Accounting information systems are designed to support accounting functions and related activities. Accounting has existed in various forms and levels of sophistication throughout human history. The double-entry accounting system in use today was developed in medieval Europe, particularly in Venice, and is usually attributed to the Italian mathematician and Franciscan friar Luca Pacioli. Today, accounting is facilitated by accounting organizations such as standard-setters, accounting firms and professional bodies. Financial statements are usually audited by accounting firms, and are prepared in accordance with generally accepted accounting principles (GAAP). GAAP is set by various standard-setting organizations such as the Financial Accounting Standards Board (FASB) in the United States and the Financial Reporting Council in the United Kingdom. As of 2012, "all major economies" have plans to converge towards or adopt the International Financial Reporting Standards (IFRS).

ChatGPT

  1. accounting

    Accounting is a systematic process of recording, analyzing, interpreting and presenting financial transactions and data. It involves measuring business activities, processing that information into financial reports and statements, and communicating these findings to decision-makers such as investors and management. The purpose of accounting is to provide quantitative and qualitative information about a business's operations and financial performance, which aids in making economic decisions. It includes various areas such as financial accounting, management accounting, auditing and taxation.

  2. accounting

    Accounting is a systematic process of recording, summarizing, analyzing and interpreting financial (money-related) activities that result from business operations. It involves the production of financial statements and reports primarily for use by internal and external entities such as management, investors, creditors, and government agencies. The goal of accounting is to provide quantitative information about a business or individual’s financial resources, obligations, and activities, assisting in making economic decisions.

  3. accounting

    Accounting is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owner’s equity. It provides information that helps users make informed financial decisions. Accounting is often performed by accountants and is governed by various accounting principles and regulations.

  4. accounting

    Accounting is a systematic process of recording, summarizing, analyzing and reporting financial transactions of a business. It involves the preparation of financial statements, tracking income and expenses, processing payroll, and ensuring compliance with legal requirements and tax regulations. It helps business owners, managers, investors and other stakeholders to make informed decisions regarding the financial health and status of the business.

  5. accounting

    Accounting is a systematic practice, work or process of communicating and recording financial information. It involves analyzing, summarizing, and reporting these transactions to oversight agencies, regulators, tax collection entities, and other relevant stakeholders. The process includes preparing financial statements such as balance sheets, income statements, and cash flow statements. Accounting is often referred to as the "language of business" due to its role in maintaining a clear and organized record of all financial transactions and thus providing a picture of the financial health of a business or individual. It is used by individuals, small businesses, corporations, non-profit organizations, and governments.

Webster Dictionary

  1. Accounting

    of Account

Wikidata

  1. Accounting

    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

  1. Accounting

    System of recording financial transactions.

Editors Contribution

  1. accounting

    A system that provides quantitative information relating to accounts and finance.

    Accounting practices are easy and simple.


    Submitted by MaryC on March 4, 2020  

Matched Categories

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'ACCOUNTING' in Spoken Corpus Frequency: #3832

  2. Written Corpus Frequency

    Rank popularity for the word 'ACCOUNTING' in Written Corpus Frequency: #4739

  3. Nouns Frequency

    Rank popularity for the word 'ACCOUNTING' in Nouns Frequency: #1576

Usage in printed sourcesFrom: 

How to pronounce ACCOUNTING?

How to say ACCOUNTING in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of ACCOUNTING in Chaldean Numerology is: 2

  2. Pythagorean Numerology

    The numerical value of ACCOUNTING in Pythagorean Numerology is: 8

Examples of ACCOUNTING in a Sentence

  1. Bav Shergill:

    Basal cell carcinoma is a non-melanoma skin cancer and its the most common type of skin cancer, accounting for over 80 percent of all skin cancer cases in the UK, the commonest cause is too much exposure to UV light from the sun or from sunbeds. BCC can occur anywhere on your body, but is most common on areas that are often exposed to the sun.

  2. Trey Gowdy:

    This committee always has been and will be focused on the four brave Americans we lost in Benghazi and providing the final, definitive accounting of the Benghazi terrorist attacks for the American people.

  3. Andrew Collier:

    The real key is how much data needs to be retained, location of servers, and whether the U.S. or China has responsibility for accounting.

  4. Patrick Pouyanne:

    Adani Green is still worth twice as much as we invested, Adani Gas is still worth eight times more. Our accounting is healthy, there was due diligence before and due diligence after.

  5. Peter Daszak:

    It is highly likely that an intermediate animal host was involved and transmitted the virus to humans, accounting for the 3.8 % difference in genome.

more sentences »

Popularity rank by frequency of use

ACCOUNTING#1#1987#10000

References

Translations for ACCOUNTING

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