Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun The bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business.
from The Century Dictionary.
- noun Reckoning; computation; counting.
- noun An examination, reckoning, rendering, or balancing of accounts so as to arrive at the true state of any transaction or course of transactions: as, the court ordered an accounting; the parties came to an accounting.
- noun The art or science of keeping accounts; the principles or methods of account-keeping; accountancy: as, manufacturing accounting; mercantile accounting.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb Present participle of
account . - noun accounting The
development anduse of asystem forrecording andanalyzing thefinancial transactions and financialstatus of abusiness or otherorganization . - noun A
relaying of events;justification of actions.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun a system that provides quantitative information about finances
- noun a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
- noun a convincing explanation that reveals basic causes
- noun a statement of recent transactions and the resulting balance
- noun the occupation of maintaining and auditing records and preparing financial reports for a business
Etymologies
Sorry, no etymologies found.
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Examples
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Business has plenty of risks and years of building up a business when your not making any money and the flexibility in accounting is important.
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After receiving a bachelor degree in accounting from the University of Utah in
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In August of last year, a vice president of the corporation wrote a memo to Mr. Lay describing some of the problems in that corporation, using the term accounting hoax.
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The financial sector is particularly prone to providing exceptional amounts of funds to what I call accounting "control frauds".
William K. Black: How the Servant Became a Predator: Finance's Five Fatal Flaws 2009
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With the quality of Rolly's reports, traditional construction methods are well documented, and his accounting is as careful as Thoreau's, although not as frugal.
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DeMint and Graham said the ultimate costs of the legislation aren't known because of what they call accounting gimmicks that overstated potential savings.
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DeMint and Graham say the ultimate costs of the legislation aren't known because of what they call accounting gimmicks that overstated potential savings.
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DeMint and Graham say the ultimate costs of the legislation aren't known because of what they call accounting gimmicks that overstated potential savings.
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If we expect retribution in accounting for offense than it stands to reason the world would expect us to apply this principle in our own justice system.
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But the point of having it use accrual accounting is to make its true financial situation more transparent to everyone, and thus to discipline it by making politicians answerable to better-informed voters.
Milton Friedman on Social Security, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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