accounting

noun

ac·​count·​ing ə-ˈkau̇n-tiŋ 

1

: the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results

also : the principles and procedures of this system

studied accounting as a freshman

2

a

: work done in accounting or by accountants

b

: an instance of applied accounting or of the settling or presenting of accounts

3

: account sense 2

They were required to provide a detailed accounting of their actions.

Synonyms

• account
• argument
• case
• explanation
• rationale
• reason

Examples of accounting in a Sentence

what accounting can you give for your bizarre actions on the night in question?

Recent Examples on the Web

Coincidentally - or perhaps not - the company was required to adopt a more complicated lease standard in 2022, the same year these accounting issues began. —Jesse Silvertown, Forbes, 5 Nov. 2024

In addition to the seals, the accounting systems, which developed during the fourth millennium BC, also physically documented the trade of goods using tags, numerical tablets, tokens and clay balls called bullae. —Ashley Strickland, CNN, 5 Nov. 2024

The opinions expressed in this article are not intended to replace any professional or expert accounting and/or tax advice whatsoever. —Melissa Houston, Forbes, 24 Oct. 2024

Kennedy, the company’s chief accounting officer, assumed the CFO role on an interim basis. —Sheryl Estrada, Fortune, 24 Oct. 2024

Word History

Etymology

Middle English acountynge "reckoning, calculation," from gerund of accounten "to account entry 2"

First Known Use

1703, in the meaning defined at sense 1

Phrases Containing accounting

• cost accounting
• there's no accounting for taste

Kids Definition

accounting

noun

ac·​count·​ing ə-ˈkau̇nt-iŋ 

1

: the system or practice of recording the amounts of money made and spent by a person or business

2

: a statement explaining one's conduct : account sense 5a

Legal Definition

accounting

noun

ac·​count·​ing

1

: an often court-ordered presentment or examination of accounts

a complete accounting would be necessary to determine the nature of the expenditures

—Case & Comment

2

: the settlement by judicial action of the assets of a partnership (as upon dissolution)