accounting


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ac·count·ing

 (ə-koun′tĭng)
n.
The practice or profession of maintaining the financial records of a business, including bookkeeping as well as the preparation of statements concerning the assets, liabilities, and operating results.

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
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It shows the road to the academic life has many forks, which can be pursued at almost any stage of a career in accounting.

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