accounting

noun
UK: /əˈkaʊntɪŋ/
US: /əˈkaʊntɪŋ/

  1. The process of recording, summarizing, and analyzing financial transactions.

    1. Accounting helps track where the money goes in business. [ ] [ ]
    2. The company needs better accounting to understand its profit margins. [ ] [ ]

  2. A system used to manage a company's financial records.

    1. We use special accounting software for our finances. [ ] [ ]
    2. The new accounting system improved the accuracy of our financial reports. [ ] [ ]

Synonyms

accountancy
accounting adjective

  1. Relating to the methods and principles of accounting.

    1. She has an accounting degree from a good college. [ ] [ ]
    2. The accounting standards require detailed financial reporting. [ ] [ ]

Frequently Asked Questions

The word "accounting" in English means: The process of recording, summarizing, and analyzing financial transactions., A system used to manage a company's financial records..

The phonetic transcription of "accounting" is /əˈkaʊntɪŋ/ in British English and /əˈkaʊntɪŋ/ in American English. Click the 🔊 button to hear both pronunciations.

Synonyms for "accounting": accountancy.

Example usage of "accounting": "Accounting helps track where the money goes in business.". More examples on the page.