Showing results for "accounting"

• present participle of account.

accounting

American  

[uh-koun-ting] / əˈkaʊn tɪŋ /

noun

1. 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).

2. a detailed report of the financial state or transactions of a person or entity.

   an accounting of the estate.

3. the rendering or submission of such a report.

---

accounting British  

/ əˈkaʊntɪŋ /

noun

1. 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

---

accounting Cultural  

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

---

Etymology

Origin of accounting

First recorded in 1350–1400; Middle English; account + -ing ¹

Explanation

Accounting is the act of computing something, usually by dealing with numbers. If you were very good at math in high school, you might think about going into accounting. You can see the word count within accounting, which is one way to remember that the word has to do with keeping track of numbers — usually in relation to financial transactions. Balancing your checkbook is a form of accounting. Large firms often hire accountants to keep track of their earnings and spending. Accounting can also more generally mean explaining. Someone who decides to wear shorts to the prom is likely going to have some serious accounting to do!

Example Sentences

See Examples For:

accounting

Club costs like player wages, transfer amortisation - spreading a transfer fee across the length of a player's contract for accounting purposes - and agent fees all get taken into account.

From BBC ● Aug. 1, 2026

Wildberries is Russia's largest online retailer, accounting for up to 10 percent of the country's entire retail turnover, according to Russian media.

From Barron's ● Jul. 31, 2026

When you have been appointed, in effect, to lead a nation through a disaster you owe that nation a full and frequent accounting.

From The Wall Street Journal ● Jul. 30, 2026

That figure far exceeds the 22 total closures seen in all of 2025, while accounting for about 43% of all U.S.-listed ETF closures this year.

From MarketWatch ● Jul. 28, 2026

She is proud that her money pays Belky’s tuition at a private high school and eventually a college, to study accounting.

From "Enrique's Journey" by Sonia Nazario

Related Words

• bookkeeping
• computing