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Accounting
01
the profession of recording, auditing, and reporting financial transactions for a business
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
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.
Lexical Tree
accounting
account
