HyperDic: accounting

English > 5 senses of the word accounting:
NOUNcommunicationaccountinga convincing explanation that reveals basic causes
cognitionaccountinga system that provides quantitative information about finances
actaccounting, accountancythe occupation of maintaining and auditing records and preparing financial reports for a business
possessionaccounting, accounting system, method of accountinga bookkeeper's chronological list of related debits and credits of a business
possessionaccounting, account, account statementa statement of recent transactions and the resulting balance
accounting > pronunciation
Soundsahkaw'nihng; ahkaw'ntihng
Rhymesabducting ... zoning: 2044 rhymes with ihng...
English > accounting: 5 senses > noun 1, communication
MeaningA convincing explanation that reveals basic causes.
Example"he was unable to give a clear accounting for his actions"
Broaderexplanation, accountA statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.
English > accounting: 5 senses > noun 2, cognition
MeaningA system that provides quantitative information about finances.
Category ofdebitEnter as debit
good will, goodwill(accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)
internal controlAn accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud / fraud and error etc.
inventory(accounting) the value of a firm's current assets including raw materials and work in progress and finished goods
review, limited review(accounting) a service (less exhaustive than an audit / audit) that provides some assurance to interested parties as to the reliability of financial data
straight-line method, straight-line method of depreciation(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
unbalanceddebits and credits are not equal
unearned income, unearned revenue(accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
write-off, write-down(accounting) reduction in the book value of an asset
Narrowerbalance of payments, balance of international paymentsA system of recording all of a country's economic transactions with the rest of the world over a period of one year
current accountThat part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
Broadersystem, system of rulesA complex of methods or rules governing behavior
Spanishcontabilidad
Verbsaccountkeep an account of
English > accounting: 5 senses > noun 3, act
MeaningThe occupation of maintaining and auditing records and preparing financial reports for a business.
Synonymaccountancy
Category ofcarry over, carry forwardtransfer from one time period to the next
Narrowerbookkeeping, clerkingThe activity of recording business transactions
cost accountingKeeping account of the costs of items in production
inventory accountingaccounting that controls and evaluates inventory
Broaderoccupation, business, job, line of work, lineThe principal activity in your life that you do to earn money
Spanishcontabilidad, contabilización, contaduría
Catalancomptabilitat
Verbsaccountkeep an account of
English > accounting: 5 senses > noun 4, possession
MeaningA bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts.
Synonymsaccounting system, method of accounting
Member ofledger, leger, account book, book of account, bookA record in which commercial accounts are recorded
Narroweraccrual basisA method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
audited account, auditAn inspection of the accounting procedures and records by a trained accountant or CPA
cash basisA method of accounting in which each item is entered as payments are received or made
control accountAn account that shows totals / totals of amounts entered in a subsidiary ledger
credit sideaccount of payments received
debit sideaccount of payments owed
entry, accounting entry, ledger entryA written record of a commercial transaction
pooling of interestAn accounting method used in the merging of companies
review, limited review(accounting) a service (less exhaustive than an audit / audit) that provides some assurance to interested parties as to the reliability of financial data
BroaderregisterA book in which names and transactions are listed
Spanishcontabilidad, sistema de contabilidad
Catalancomptabilitat
Verbsaccountkeep an account of
English > accounting: 5 senses > noun 5, possession
MeaningA statement of recent transactions and the resulting balance.
Example"they send me an accounting every month"
Synonymsaccount, account statement
Partsbalanceequality between the totals / totals of the credit and debit sides of an account
Narrowercapital account(finance) an account of the net value of a business at a specified date
capital account(economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities
expense account, travel and entertainment accountAn account to which salespersons or executives can charge travel and entertainment expenses
profit and loss, profit and loss accountAn account compiled at the end of an accounting period to show gross and net profit or loss
suspense accountAn account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification
Broaderstatement, financial statementA document showing credits and debits
Spanishcontabilidad, cuenta
Verbsaccountkeep an account of

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