Accounting is the activity of keeping detailed records of the amounts of money a business or person receives and spends.
...allegations of theft, forgery and false accounting.
...the accounting firm of Leventhal & Horwath.
Synonyms: accountancy, auditing, book-keeping More Synonyms of accounting
2. See also account
accounting in British English
(əˈkaʊntɪŋ)
noun
a.
the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities, etc, of a business
b.
(as modifier)
an accounting period
accounting entity
accounting in American English
(əˈkaʊntɪŋ)
noun
1.
the principles or practice of systematically recording, presenting, and interpreting financial accounts
2.
a statement of debits and credits
3.
a settling or balancing of accounts
accounting in Accounting
(əkaʊntɪŋ)
noun
(Accounting: Basic)
Accounting is the activity of keeping financial records.
The purpose of accounting is to provide records of all financial transactions, so that the financial positionof a business can be determined.
Under regulatory accounting practices, that debt can be counted as capital.
Accounting is the activity of keeping financial records.
cost accounting
More idioms containing
accounting
there's no accounting for taste
Examples of 'accounting' in a sentence
accounting
Accounting and legal skills are also vital.
Times, Sunday Times (2007)
In other languages
accounting
British English: accounting NOUN
Accounting is the activity of keeping detailed records of the amounts of money a business or person receives and spends.
...allegations of theft, forgery, and false accounting.
American English: accounting
Brazilian Portuguese: contabilidade
Chinese: 会计
European Spanish: contabilidad
French: comptabilité
German: Buchhaltung
Italian: contabilità
Japanese: 会計
Korean: 회계
European Portuguese: contabilidade
Latin American Spanish: contabilidad
All related terms of 'accounting'
account
If you have an account with a bank or a similar organization, you have an arrangement to leave your money there and take some out when you need it.
acct
account
accounting year
a period of time for which accounts are drawn up
cost accounting
Cost accounting is the recording and analysis of all the various costs of running a business .
accounting period
a period of time for which accounts are drawn up
accounting policy
the principles behind the way in which a company keeps its accounts
accounting system
the way in which a company keeps its accounts
social accounting
the analysis of the economy by sectors leading to the calculation and publication of economic statistics , such as gross national product and national income
accounting practices
a set of standard rules that accountancy companies are obliged to follow
accounting procedures
an established way of keeping company accounts
accounting standards
a set of standard rules that accountancy companies are obliged to follow
acquisition accounting
an accounting procedure in which the assets of a company that has recently been taken over are changed from the book value to the fair market value
business accounting
the keeping of detailed accounts relating to a business or businesses
creative accounting
Creative accounting is when companies present or organize their accounts in such a way that they gain money for themselves or give a false impression of their profits .
financial accounting
the work of preparing financial statements showing the financial performance of an organization for the benefit of people outside the organization and not involved in its day-to-day operation
management accounting
the recording and controlling of all the expenditures of an enterprise in order to facilitate control of separate activities
national accounting
the analysis of the economy by sectors leading to the calculation and publication of economic statistics , such as gross national product and national income
current-cost accounting
a method of accounting that values assets at their current replacement cost rather than their original cost
historical-cost accounting
a method of accounting that values assets at the original cost . In times of high inflation profits can be overstated
integrated accounting package
all-in-one software that enables businesses to carry out accounting procedures
account for
If a particular thing accounts for a part or proportion of something, that part or proportion consists of that thing, or is used or produced by it.
international accounting standards
International accounting standards are a set of internationally-agreed principles and procedures relating to the way that companies present their accounts.
there's no accounting for taste
said to mean that you think that what someone likes is unpleasant or strange
GAAP
In the US, GAAP are rules to which financial statements of publicly traded companies must conform .
(noun)
Definition
the skill or practice of maintaining and auditing business accounts