accounting

[ uh-koun-ting ]
/ əˈkaʊn tɪŋ /

noun

the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (distinguished from bookkeeping).
a detailed report of the financial state or transactions of a person or entity: an accounting of the estate.
the rendering or submission of such a report.

Nearby words

  1. account receivable,
  2. accountability,
  3. accountable,
  4. accountancy,
  5. accountant,
  6. accounting machine,
  7. accounting period,
  8. accouplement,
  9. accouter,
  10. accouterment

Origin of accounting

Middle English word dating back to 1350–1400; see origin at account, -ing1

Can be confusedaccounting bookkeeping finance(s)

account

[ uh-kount ]
/ əˈkaʊnt /

noun

verb (used without object)

verb (used with object)

to regard; consider as: I account myself well paid.
to assign or impute (usually followed by to): the many virtues accounted to him.

Origin of account

1225–75; (noun) Middle English a(c)ount(e), ac(c)ompte < Anglo-French, Old French aco(u)nte, acompte; (v.) Middle English ac(co)unten < Old French acunter, acompter. See ac-, count1

Related formspre·ac·count, verbsub·ac·count, nounun·ac·count·ed, adjective

Synonym study

1. See narrative.

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019

Examples from the Web for accounting


British Dictionary definitions for accounting

accounting

/ (əˈkaʊntɪŋ) /

noun

  1. the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities, etc, of a business
  2. (as modifier)an accounting period; accounting entity

account

/ (əˈkaʊnt) /

noun

verb

(tr) to consider or reckonhe accounts himself poor

Word Origin for account

C13: from Old French acont, from conter, compter to count 1

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Word Origin and History for accounting
Online Etymology Dictionary, © 2010 Douglas Harper

Culture definitions for accounting

accounting

The system of recording and auditing business transactions. (See audit.)

The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Idioms and Phrases with accounting

account

In addition to the idiom beginning with account

  • account for

also see:

  • all present and accounted for
  • by all accounts
  • call to account
  • give a good account
  • no accounting for tastes
  • on account of
  • on no account
  • on one's own account
  • take account of
  • take into account
  • turn to good account
The American Heritage® Idioms Dictionary Copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.