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TOEFL IELTS BNC: 3070 COCA: 3921

accounting

noun

ac·​count·​ing ə-ˈkau̇n-tiŋ How to pronounce accounting (audio)
1
: the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results
also : the principles and procedures of this system
studied accounting as a freshman
2
a
: work done in accounting or by accountants
b
: an instance of applied accounting or of the settling or presenting of accounts
3
: account sense 2
They were required to provide a detailed accounting of their actions.

Example Sentences

what accounting can you give for your bizarre actions on the night in question?
Recent Examples on the Web In response to the stories, the convention authority accepted an accounting firm’s recommendations to cut some spending and limit gifts and travel of its board members. David Wilson, Anchorage Daily News, 5 Sep. 2022 The accounting firm stopped auditing public companies on Aug. 31, 2002, and wound down its operations. Mark Maurer, WSJ, 31 Aug. 2022 The club is seeking to recoup the full $8.5 million from the accounting firm. Gene Maddaus, Variety, 30 Aug. 2022 While this represents much slower growth than 2020, China's gaming revenue still accounted for more than a fifth of the global market, based on recent estimates by global accounting firm PwC. Laura He, CNN, 10 Aug. 2022 That lawsuit, which concerns the committee’s request to Trump’s accounting firm Mazars USA for his financial records, is still playing out in court after the Supreme Court declined to let lawmakers immediately get the documents in 2020. Alison Durkee, Forbes, 9 Aug. 2022 But other companies, like Big Four accounting firm KPMG have said these figures could be too conservative. Fortune, 19 July 2022 The project expands accounting firm Daszkal Bolton LLP’s Boca Raton location from 11,916 to 18,639 square feet with the addition of a partially underground parking garage. Austen Erblat, Sun Sentinel, 16 June 2022 However, this year Albanians are now tied with Afghans as the nation with the most people arriving by small boats, with each accounting for 18% of the total. Adam Shaw, Fox News, 26 Aug. 2022 See More

Word History

Etymology

Middle English acountynge "reckoning, calculation," from gerund of accounten "to account entry 2"

First Known Use

circa 1676, in the meaning defined at sense 2b

Time Traveler
The first known use of accounting was circa 1676

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