accounting
a
ə
ē
ccoun
ˈkaʊn
kawn
ting
tɪng
ting
/əˈkaʊntɪŋ/

Definition & Meaning of "accounting"in English

Accounting
01

the profession of recording, auditing, and reporting financial transactions for a business

accounting definition and meaning
Examples
She studied accounting to become a certified public accountant.
02

a systematic process of recording, summarizing, analyzing, and reporting financial transactions and information of an organization or individual

accounting definition and meaning
Examples
The accounting department prepares financial statements such as the balance sheet and income statement to reflect the financial position and performance of the company.
03

a clear explanation that identifies the fundamental causes of an event or situation

Examples
His accounting of the delay clarified the root problem.
04

a statement of recent financial transactions and the resulting balance

Examples
The accountant prepared an accounting of the month's expenses.
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