accounting

ac-count-ing · noun

imported

Definitions

noun

  1. 1.

    The process or work of keeping financial accounts.

  2. 2.

    The system of recording and summarizing business and financial transactions.

  3. 3.

    An explanation or report of one's conduct.

Phrases & expressions

  • •
    accounting firm — A company that provides accounting services.
  • •
    accounting period — The time span covered by financial statements.
  • •
    creative accounting — The use of accounting methods to misrepresent a company's finances.
  • •
    cost accounting — Tracking and analyzing production costs.
  • •
    forensic accounting — Investigation of financial records for legal purposes.

Related words

See also: account, accountant, bookkeeping, finance
Synonyms: accountancy, bookkeeping, financial management

Etymology

From account + -ing. "Account" is from Old French aconter ("to count, reckon"), from a- ("to") + conter ("to count"), from Latin computare ("to calculate").