- 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.
Origin of accounting
Examples from the Web for accountings
Historical Examples of accountings
An act of justice now will be worth a thousand future "accountings" after the long agony of the world is over.The Case of Edith Cavell
James M. Beck
- the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities, etc, of a business
- (as modifier)an accounting period; accounting entity
Word Origin and History for accountings
"reckoning of numbers," late 14c., verbal noun from account (v.). Phrase no accounting for tastes (1823) translates Latin de gustibus non est disputandum.
The system of recording and auditing business transactions. (See audit.)