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Definitions and Synonyms of accounting | Another word for accounting | What is accounting?

Definition 1: the occupation of maintaining and auditing records and preparing financial reports for a business - [noun denoting act]

Synonyms for accounting in the sense of this definition

(accounting is a kind of ...) the principal activity in your life that you do to earn money

"he's not in my line of business"

(... is a kind of accounting ) keeping account of the costs of items in production

(... is a kind of accounting ) the activity of recording business transactions

(... is a kind of accounting ) accounting that controls and evaluates inventory

(accounting is the domain which ... is member of) transfer from one time period to the next

Definition 2: a system that provides quantitative information about finances - [noun denoting cognition]

(accounting is a kind of ...) a complex of methods or rules governing behavior

"they have to operate under a system they oppose" "that language has a complex system for indicating gender"

(... is a kind of accounting ) a system of recording all of a country's economic transactions with the rest of the world over a period of one year

"a favorable balance of payments exists when more payments are coming in than going out"

(... is a kind of accounting ) that part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments

(accounting is the domain which ... is member of) enter as debit

(accounting is the domain which ... is member of) (accounting) the value of a firm's current assets including raw materials and work in progress and finished goods

(accounting is the domain which ... is member of) (accounting) a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial data

(accounting is the domain which ... is member of) an accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud and error etc.

(accounting is the domain which ... is member of) (accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)

(accounting is the domain which ... is member of) (accounting) reduction in the book value of an asset

(accounting is the domain which ... is member of) (accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life

(accounting is the domain which ... is member of) (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)

(accounting is the domain which ... is member of) debits and credits are not equal

Definition 3: a convincing explanation that reveals basic causes - [noun denoting communication]

Samples where accounting or its synonyms are used according to this definition

  • he was unable to give a clear accounting for his actions

(accounting is a kind of ...) a statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.

"the explanation was very simple" "I expected a brief account"

Definition 4: a statement of recent transactions and the resulting balance - [noun denoting possession]

Samples where accounting or its synonyms are used according to this definition

  • they send me an accounting every month

Synonyms for accounting in the sense of this definition

(accounting is a kind of ...) a document showing credits and debits

(... is a kind of accounting ) (finance) an account of the net value of a business at a specified date

(... is a kind of accounting ) (economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities

(... is a kind of accounting ) an account compiled at the end of an accounting period to show gross and net profit or loss

(... is a kind of accounting ) an account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification

(... is a kind of accounting ) an account to which salespersons or executives can charge travel and entertainment expenses

(accounting is a part of ...) equality between the totals of the credit and debit sides of an account

Definition 5: a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts - [noun denoting possession]

Synonyms for accounting in the sense of this definition

(accounting is a kind of ...) a book in which names and transactions are listed

(... is a kind of accounting ) (accounting) a service (less exhaustive than an audit) that provides some assurance to interested parties as to the reliability of financial data

(... is a kind of accounting ) an inspection of the accounting procedures and records by a trained accountant or CPA

(... is a kind of accounting ) an accounting method used in the merging of companies; the balance sheets are added together item by item; this method is tax-free

(... is a kind of accounting ) a method of accounting in which each item is entered as payments are received or made

(... is a kind of accounting ) a method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made

(... is a kind of accounting ) account of payments owed; usually the left side of a financial statement

(... is a kind of accounting ) account of payments received; usually the right side of a financial statement

(... is a kind of accounting ) a written record of a commercial transaction

(... is a kind of accounting ) an account that shows totals of amounts entered in a subsidiary ledger

(... is a member of accounting) a record in which commercial accounts are recorded

"they got a subpoena to examine our books"

More words

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Other word for accounting standard

accounting standard meaning and synonyms

How to pronounce accounting standard