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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

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:

Noun 1. 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 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”

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

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
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 accountscontrol 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 balanceaccounting – a statement of recent transactions and the resulting balance; “they send me an accounting every month”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

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

accounting

Translations

účetnictví

kirjanpito

könyvelés




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