ac·count·ing ( -koun t ng)n. The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business. |
accounting [əˈkaʊntɪŋ]
n
(Economics, Accounting & Finance / Accounting & Book-keeping)
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
ThesaurusLegend: Synonyms Related Words Antonyms
| Noun | 1. |  accounting - a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions"explanation, account - a statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.; "the explanation was very simple"; "I expected a brief account" |
| 2. |  accounting - a system that provides quantitative information about financesinternal control - an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error etc. system of rules, system - a complex of methods or rules governing behavior; "they have to operate under a system they oppose"; "that language has a complex system for indicating gender" unearned income, unearned revenue - (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet) straight-line method, straight-line method of depreciation - (accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life write-down, write-off - (accounting) reduction in the book value of an asset goodwill, good will - (accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets) balance of international payments, balance of payments - a system of recording all of a country's economic transactions with the rest of the world over a period of one year; "a favorable balance of payments exists when more payments are coming in than going out" current account - that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments limited review, review - (accounting) a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial data inventory - (accounting) the value of a firm's current assets including raw materials and work in progress and finished goods debit - enter as debit | |
| 3. |  accounting - the occupation of maintaining and auditing records and preparing financial reports for a businessjob, line of work, occupation, business, line - the principal activity in your life that you do to earn money; "he's not in my line of business" cost accounting - keeping account of the costs of items in production bookkeeping, clerking - the activity of recording business transactions inventory accounting - accounting that controls and evaluates inventory carry forward, carry over - transfer from one time period to the next | |
| 4. |  accounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accountsaccount book, book of account, ledger, leger, book - a record in which commercial accounts are recorded; "they got a subpoena to examine our books" control account - an account that shows totals of amounts entered in a subsidiary ledger credit side - account of payments received; usually the right side of a financial statement debit side - account of payments owed; usually the left side of a financial statement accrual basis - a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made cash basis - a method of accounting in which each item is entered as payments are received or made pooling of interest - an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free audit, audited account - an inspection of the accounting procedures and records by a trained accountant or CPA limited review, review - (accounting) a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial data register - a book in which names and transactions are listed | |
| 5. |  accounting - a statement of recent transactions and the resulting balance; "they send me an accounting every month"financial statement, statement - a document showing credits and debits capital account - (finance) an account of the net value of a business at a specified date capital account - (economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities profit and loss, profit and loss account - an account compiled at the end of an accounting period to show gross and net profit or loss suspense account - an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification balance - equality between the totals of the credit and debit sides of an account expense account, travel and entertainment account - an account to which salespersons or executives can charge travel and entertainment expenses |
accounting
noun accountancy, auditing, book-keeping allegations of theft and false accounting
Translations
accounting [əˈkaʊntɪŋ]
A. N → contabilidad f
B. CPD accounting period N → periodo m contable, ejercicio m financiero
accounting
n → Buchhaltung f, → Buchführung f; accounting method → Buchhaltungsverfahren nt; accounting period → Abrechnungszeitraum m; accounting policy → Bilanzierungspolitik f
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