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Accounting System

Definition of the noun accounting system

What does accounting system mean as a name of something?


  1. 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 system: accounting / 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

Printed dictionaries and other books with definitions for Accounting System

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Google previewAn International Dictionary of Accounting and Taxation (2004)

Twelve Thousand Plus Entries on Accounting, Auditing and Taxation in the United States, Canada, United Kingdom and Australia by Guy Wanjialin

bookkeeping without book = bookless accounting system. bookless accounting system the computer- aided accounting system or a ...

Google previewThe Federal Reserve System: An Encyclopedia (2005)

An Encyclopedia by Rik W. Hafer

indicated that the type of reserve accounting system used actually has little impact on the long-run behavior of the money supply, but money growth may be more volatile in the short-run.

Google previewDictionary of Accounting (1985)

by Ralph W. Estes

job order costing A cost accounting system or procedure in which costs are assigned to and accumulated by specific units or batches of product. Contrast with ...

Google previewInternational Dictionary of Accounting Acronyms (1998)

by Thomas W. Morris

term describing treatment of revenues when expected to be received and expenses when projected to be paid, as compared to Cash Accounting and Reporting System AAS Advanced Accounting System A general accounting term.

Google previewThe Call Center Dictionary (2002)

The Complete Guide to Call Center and Customer Support Technology Solutions by Madeline Bodin

See CALL ACCOUNTING SYSTEM. SMDR Station Message Detail Reporting. The basic informatin required for call accounting. See SMDR PORT and CALL ACCOUNTING SYSTEM. SMDR PORT Modern switches have a Station Message ...

Google previewThe Entrepreneur's Dictionary of Business and Financial Terms (2013)

by Khwaja Masoom

Accounting System: Methods, procedures, and standards followed in accumulating, classifying, recording, and reporting business events and transactions. The accounting system includes the formal records and original source data.

Google previewDictionary of Acronyms and Technical Abbreviations (2012)

for IT, Industrial, and Scientific Applications by Jakob Vlietstra

System Cartridge Access Station Centralized Attendant Service Centralized Attendant System Chain Acquisition System Circuits And Systems Client Accounting System Collision Avoidance Systems Column Address Select Column Address ...

Google previewInternational Encyclopedia of Hospitality Management (2010)

by Abraham Pizam

Muchofthedata is drawn from the financial accounting system , ...

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Accounting System

Financial Accounting System

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Small photo of US-GAAP accounting system on red traffic road stop sign in front of blue sky with clouds and friendly sun beams, digital composing with light leaks and flares More...

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