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Accounting
01
the job that involves keeping financial accounts or making financial reports
Examples
She studied accounting to become a certified public accountant.
He pursued a career in accounting after graduating in finance.
02
a systematic process of recording, summarizing, analyzing, and reporting financial transactions and information of an organization or individual
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.
Auditors review the accounting records to ensure transparency and accuracy in financial reporting.
03
a convincing explanation that reveals basic causes
Examples
His accounting of the delay clarified the root problem.
The report offered an accounting of why the project failed.
04
a statement of recent transactions and the resulting balance
Examples
The accountant prepared an accounting of the month's expenses.
The bank sent an accounting of all recent withdrawals and deposits.
05
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
Lexical Tree
accounting
account
