accounting


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Related to accounting: bookkeeping, Financial accounting, Accounting Concepts, Accounting Principles

ac·count·ing

 (ə-koun′tĭng)
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
(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.

ac•count•ing

(əˈkaʊn tɪŋ)

n.
1. the system or occupation of setting up, maintaining, and auditing the books of a firm and of analyzing its financial status and operating results.
2. a detailed report of the financial state or transactions of a person, company, etc.
[1350–1400]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.accounting - a convincing explanation that reveals basic causesaccounting - 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 financesaccounting - a system that provides quantitative information about finances
internal 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 businessaccounting - the occupation of maintaining and auditing records and preparing financial reports for a business
job, 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 businessaccounting - a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
account 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
accounting entry, ledger entry, entry - a written record of a commercial transaction
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 balanceaccounting - 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
účetnictví
kirjanpito
könyvelés

accounting

[əˈkaʊntɪŋ]
A. Ncontabilidad f
B. CPD accounting period Nperiodo m contable, ejercicio m financiero

accounting

[əˈkaʊntɪŋ] ncomptabilité faccounting period nexercice m financier, période f comptableaccount number nnuméro m de compteaccount payable ncompte m fournisseursaccount receivable [rɪˈsiːvəbəl] ncompte m clients

accounting

nBuchhaltung f, → Buchführung f; accounting methodBuchhaltungsverfahren nt; accounting periodAbrechnungszeitraum m; accounting policyBilanzierungspolitik f

accounting

[əˈkaʊntɪŋ] n (auditing) → contabilità; (subject, field) → ragioneria
References in classic literature ?
There are a million or two of business firms in the country, and five or ten times as many clerks; and consider the handling and rehandling, the accounting and reaccounting, the planning and worrying, the balancing of petty profit and loss.
There is no other way of accounting for their facile docility.
Weston's accounting for it with "I suppose they will not take the liberty with you; they know you do not dine out," was not quite sufficient.
She tried to add some commonplace phrases of explanation, accounting as probably as might be for the absence of the usual wedding outfit and wedding-dress.
I had cut my knuckles against the pale young gentleman's teeth, and I twisted my imagination into a thousand tangles, as I devised incredible ways of accounting for that damnatory circumstance when I should be haled before the Judges.
cried Robin; "I am in charge of the highway this day, and must exact an accounting from all passersby.
Of one thing let us be sure, whatever may be your ultimate intentions toward this unfortunate young woman, whoever would offer her injury or insult in the future must figure on making a full accounting to me.
The man had come to demand an accounting and to avenge.
Bertuccio is alone in the world; he uses my property without accounting for the use he makes of it; he is sure never to leave my service.
There is no accounting for luck; Jove gives prosperity to rich and poor just as he chooses, so you must take what he has seen fit to send you, and make the best of it.
It was with the utmost difficulty that the captain and his comrades could calm their lively sensibilities, by accounting for the disappearance of the skin in a dozen different ways, until all idea of its having been stolen was entirely out of the question.
At all events, this is the more consistent way of accounting for the appearance of these spots.

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