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Accounting
01
the job that involves keeping financial accounts or making financial reports
02
a systematic process of recording, summarizing, analyzing, and reporting financial transactions and information of an organization or individual
03
a convincing explanation that reveals basic causes
04
a statement of recent transactions and the resulting balance
05
a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
Example
The accounting department reconciled the invoices with the company's purchase orders.
Accounting software automates routine tasks such as bookkeeping and financial reporting, improving efficiency and accuracy in financial management.
The secretary is currently facsimiling the invoices to the accounting department.
The module on financial accounting introduces students to basic concepts and principles of accounting.
Auditors review the accounting records to ensure transparency and accuracy in financial reporting.
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