accounting

/ə'kauntiɳ/
Học thuật
Thân thiện
Definition
  1. Noun:
    • The systematic recording, reporting, and analysis of financial transactions of a business: The profession or practice of maintaining financial records.
    • A statement or explanation of financial transactions: A report, often periodic, detailing debits, credits, and balances.
    • A convincing explanation or justification for actions: A rendering of reasons or causes for something.
Examples of Usage
  • Noun:
    • She studied accounting at university and now works for a large firm.
    • Please review the monthly accounting I sent you; it shows all our expenses and income.
    • He offered no accounting for his sudden decision to leave.
Advanced Usage
  • "There is no accounting for taste": An idiom meaning it is impossible to explain why people like or dislike certain things, as preferences are subjective.
    • He collects bizarre art, but there's no accounting for taste.
Variants and Related Words
  • Account (n/v): A record or statement of financial affairs; to explain or justify.
  • Accountant (n): A person whose job is to keep or inspect financial accounts.
  • Accountable (adj): Required or expected to justify actions or decisions; responsible.
Synonyms
  • Bookkeeping: The activity of recording financial transactions.
  • Auditing: The official inspection of financial accounts.
  • Reckoning: The calculation or estimation of something.
Related Phrases
  • To give an accounting of: To provide a detailed report or explanation.
    • The director had to give an accounting of the project's budget overruns.
  • Accounting for: Explaining or justifying; also, constituting a portion of a total.
    • The bad weather was a major factor accounting for the delay.
    • Sales in Europe are accounting for 40% of our revenue.
Related Idioms
  • Call someone to account: To demand an explanation from someone.
    • The committee called the manager to account for the missing funds.
Noun
  1. a statement of recent transactions and the resulting balance
    • they send me an accounting every month
  2. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
  3. the occupation of maintaining and auditing records and preparing financial reports for a business
  4. a system that provides quantitative information about finances
  5. a convincing explanation that reveals basic causes
    • he was unable to give a clear accounting for his actions

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