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Definition of the noun accounting

What does accounting mean as a name of something?

noun - plural: accountings

  1. a convincing explanation that reveals basic causes
    • example: he was unable to give a clear accounting for his actions
    • lexical domain: Communicative Processes - nouns denoting communicative processes and contents
    • more generic words: account / explanation = a statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.
  2. a system that provides quantitative information about finances
  3. the occupation of maintaining and auditing records and preparing financial reports for a business
  4. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
    • lexical domain: Possessions - nouns denoting possession and transfer of possession
    • synonyms of accounting: accounting system / method of accounting
    • more generic word: register = a book in which names and transactions are listed
    • more specific terms:
      • 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
      • debit side = account of payments owed
      • 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
      • audited account / audit = an inspection of the accounting procedures and records by a trained accountant or CPA
      • limited review / review = a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial data
    • member of: account book / book / book of account / ledger / leger = a record in which commercial accounts are recorded
  5. a statement of recent transactions and the resulting balance
    • example: they send me an accounting every month
    • lexical domain: Possessions - nouns denoting possession and transfer of possession
    • synonyms of accounting: account / account statement
    • more generic terms: financial statement / statement = a document showing credits and debits
    • more specific terms:
    • part: balance = equality between the totals of the credit and debit sides of an account

Alternative definition of the noun accounting


  1. The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
  2. A relaying of events; justification of actions.


  1. "Accounting" is a book by Daniel Viele, Wayne William McManus, David Marshall.
  2. "Accounting" is a book by Robert Meigs, Sue Haka, Mark S Bettner.
  3. "Accounting" is a book by Thomas M. Hill.
    • also known as "Accounting; a management approach"
  4. "Accounting" is a book by Mary E. Murphy.
    • also known as "Accounting; a social force in the community"
  5. "Accounting" is a book by Henry E. Riggs.
    • also known as "Accounting: a survey"

There are many other writings with this title.


  1. Accounting is one of several academic events sanctioned by the University Interscholastic League. The contest began in the 1986-87 scholastic year.
  2. Accounting is a field of study.
  3. Accounting is a job title.

Phrases with Accounting

Phrases starting with the word Accounting:

  1. Accounting Cost
  2. accounting data
  3. accounting firm
  4. accounting entry
  5. Accounting Profit
  6. accounting system
  7. accounting standard
  8. accounting principle

Phrases ending with the word Accounting:

  1. Tax Accounting
  2. cost accounting
  3. Creative accounting
  4. inventory accounting
  5. method of accounting

Other phrases containing the word Accounting:

  1. government accounting office
  2. There's No Accounting For Taste
  3. generally accepted accounting principles
  4. united states government accounting office

Printed dictionaries and other books with definitions for Accounting

Click on a title to look inside that book (if available):

Google previewAccountancy : for Class Xi

by Banerjee B. K.

Accounting is the art ofrecording, classifying and summarizing, in a significant manner and in terms ofmoney, transactions and...

Google previewFin Accounting (Du Bcom) 2E (2006)

by Tulsian

Accounting is the language of business.

Accounting is a service function. ing methods and outputs.

Google previewFinancial Accounting : Concepts, Analyses, Methods And Uses, 1/e

by Banerjee, B K

Accounting is the art of recording, classifying and summarizing—in a significant manner and in terms of money, transactions and...

Google previewThe Development of Accounting in an International Context (2006)

A Festschrift in Honour of R. H. Parker by T.E. Cooke, C.W. Nobes

Accounting is a process of accumulating and reporting economic information to permit informed judgements and decisions by the users of the...

Google previewCost Accounting And Financial Management (For C.A. Course-1) (2004)

by S. K. Chakraborty

Hence cost accounting is the science, art and practice of a cost accountant.

Google previewCost Accounting, 3E (2002)

by Jawaharlal

"Cost accounting is an unnecessary luxury for business establishments." Do you ... "Cost accounting is a system of foresight and not a postmortem examination, it turns losses into profits, speedsup activities and eliminates waste." Discuss.

Google previewThe Routledge Companion to Accounting, Reporting and Regulation (2013)

by Carien van Mourik, Peter Walton

Introduction Accounting is a necessary requirement for any business or organization be it a large multinational business such as BP or the society or club you belong to in your local community. It is essential for a business or organization to ...

Google previewAn Accounting Thesaurus (2014)

500 years of accounting by Richard L. Chambers

Goldberg, 1955, 484 Accounting is a system for recording and summarizing measurements of business facts, and, as is...

Google previewEnvironmental Management (2008)

Readings and Cases by Michael V. Russo

Management accounting is the process of identifying, collecting, and analyzing information principally for internal purposes.6...

Google previewAccountancy

According to Smith and Ashburne, "Accounting is the science of recording and classifying business transactions and events,

Google previewAdvanced Cost Accounting (2009)

by J. K. Mitra

Science, art and practice of cost accountants : Cost accounting is a social science as it is a body of systematic knowledge. It is an ...

Google previewMBA Handbook for Healthcare Professionals (2002)

by Joseph S. Sanfilippo, Thomas E. Nolan, Bates H. Whiteside

Accounting is the process used to measure and report to various users relevant financial information regarding the economic activity...

Accounting is a systematic or organized means of gathering and reporting information on economic activity.

Google previewAccounting and Money for Ministerial Leadership (2013)

Key Practical and Theological Insights by Nimi Wariboko

Accounting Is a Narrative Accounting data or reports never come to us raw; they are mediated through narrative. All accounting is a story. It is an imagination ( abstraction) with the virtues of economy, consistency, and broadband resonance.

Google previewLearn Accounting (2014)

by Knowledge flow by Knowledge flow

Accounting is the language of the business”. The basic function of this language is to serve as a means of communication. It communicates the result of business operations with several parties who have involved or some stake in ...

Google previewThe Accounting Process

Accounting is a more complex process which includes the design and installation of financial information systems; the analysis and interpretation of financial statement for business decisions; audits; forecasting, planning, and controlling; and ...

Google previewFinancial Accounting (Volume I)


Accounting is an art of recording, classifying, summarising and reporting of transactions with the aim of showing the financial...

of financial and economic transactions, accounting is the analysis and interpretation of book-keeping records.

Google previewComprehensive Financial Accounting XI

Cost accounting is the systematic process of determining unit cost at different levels of production.

for the efficient working of the enterprise, so management accounting is a system to assemble and furnish the useful material and summarised ...

Google previewFinancial Accounting (2003)

by Mukherjee & Hanif

Accounting is an art of recording, classifying, summarising and reporting of transactions with the aim of showing the financial...

of financial and economic transactions, accounting is the analysis and interpretation of book-keeping records.



Accounting estimate—An approximation of a monetary amount in the absence of a precise means of measurement. This term is used for an amount measured at fair value where there is estimation uncertainty, as well as for other amounts that ...

Google previewThe American Business and Accounting Encyclopedia (1908)

A Standard Reference Work for Business Men and Accountants

Executors' Accounting . . . . . . . . . . . .. 525 Executors'

Google previewJuta's Concise Dictionary of Accounting Terms (1996)

by Graham J. Elliott, Graham Elliott, Jeffrey Rowlands

Authors' Preface to Third Edition The third edition of futa's Concise Dictionary of Accounting Terms includes the following additions: o The Afrikaans equivalents of the English terms are included. Definitions remain in English only. For ease of ...

Google previewEncyclopedia of Finance (2006)

by Cheng-Few Lee

Although a firm's multidivisional structure may disqualify it from being a pure play comparable, it may include divisional data in its public SEC filing that would be useful for estimating an accounting beta. 14. Accounting Break-Even Accounting ...

Google previewEncyclopedia of Public Administration and Public Policy: A-J (2003)

by Jack Rabin

INTRODUCTION Generally accepted accounting principles (GAAP) are the minimum standards or rules organizations must follow in determining what financial ...

Google previewA Lexicon of Economics (2005)

by Phyllis Deane, Jessica Kuper

Here,a distinction is oftenmade between financial accounting and managementaccounting. 1.Financial accountingdeals with the provision of informationtoproviders offinance (shareholders and creditors) and other interested partieswhodo not ...

Online dictionaries and encyclopedias with entries for Accounting

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Photos about Accounting

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Small photo of Business Financing Accounting Banking ConceptSmall photo of Accounting and Accounting - two folders on wooden office deskSmall photo of Business accountingSmall photo of Business accounting , Business documents, Business accounting , Business FinancialSmall photo of Man Analysis Business AccountingSmall photo of Accounting Budgeting Financial Service Ananlysing ConceptsSmall photo of accounting More...

Video language resources about Accounting

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View more videos about Financial accounting and Management accounting.

See also the pronunciation examples of Accounting!

Quotes about Accounting

The Social Sciences are good at accounting for disasters once they have taken place. (Claude T. Bissell)
more quotes about accounting...

Scrabble value of A1C3C3O1U1N1T1I1N1G2

The value of this 10-letter word is 15 points. It is included in the first and second editions of the Official Scrabble Players Dictionary.

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