accounting Definition–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. |
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From Dictionary
Related topics from Britannicaaccounting
systematic development and analysis of information about the economic affairs of an organization. This information may be used in a number of ways: by a firm's managers to help them plan and control ...
national income accounting
a set of principles and methods used to measure the income and production of a country. There are basically two ways of measuring national economic activity: as the money value of the total ...
accounting
Although published financial statements are the most widely visible products of business accounting systems and the ones with which the public is most concerned, they represent only a small portion ...
accounting
Accounting systems are designed mainly to provide information that managers and outsiders can use in decision making. They also serve other purposes: to produce operating documents, to protect the ...
accounting
A generally accepted international accounting standard, or a common business language across national borders, serves the global economy in two distinct ways. First, it reduces the costs of doing ...
international payment and exchange
The balance-of-payments accounts provide a record of transactions between the residents of one country and the residents of foreign nations. The two types of accounts used are the current account and ...
economic stabilizer
government budget
Traditionally the budget is presented to allow scrutiny (by taxpayers, voters, and the legislature) of the resources raised by government and the uses to which these will be put. The publication of a ...
accounting
The primary output of the financial accounting system is the annual financial statement. The three most common components of a financial statement are the balance sheet, the income statement, and the ...
accounting
In preparing financial statements, the accountant must select from a variety of measurement systems, often standardized by industry or government regulation, that guide the calculation of assets and ...
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Related topics from Ask NewsLawyers attack accounting exemption for foreign LLPs
Law Society Gazette - Found 10 hours ago
... is a basic principle in the UK that the price of trading with limited liability is the filing of publicly available accounting information.
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Accounting outsourcing in India: Manage your tax reports in an ...
Article Dashboard.com - Found 10 hours ago
The accounting professionals in India provide accounting outsourcing and tax return preparation services to their clients.
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NEC, Hit by Revenue-accounting Woes, Settles with SEC
CFO.com - Found 13 hours ago
NEC Corp., the Japanese electronics giant mired in revenue-recognition accounting problems and wracked by fraud, agreed to a Securities and Exchange
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Three Serie A clubs fined for false accounting
International Herald Tribune - Found 13 hours ago
ROME: Serie A clubs Genoa, Udinese and Reggina have each been fined 400,000 euros (317,300 pounds) for false accounting, the Italian Football
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IASB branded 'arrogant' by accounting prof
Best Practice - Found 14 hours ago
Accounting standard-setters have been branded undemocratic and arrogant for failing to change the principles of reporting to reflect global economic
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Boyle lands lease for Dixon Hughes: Accounting firm to take Ridgeway ...
East Bay Business Journal - Found Jun. 8, 2008
... in January 2009. Dixon Hughes' move was necessitated in February, when it combined with Rhea & Ivy PLC, a longtime Memphis accounting firm.
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Accounting outsourcing services: No more financial issues Posted By ...
Article Dashboard.com - Found Jun. 8, 2008
... accounting burden, many business owners are now taking the assistance of an amazing opportunity that is available in the form of accounting...
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Big 4 accounting companies lift mainland hiring
South China Morning Post - Found Jun. 8, 2008
... competition with local accounting firms is also intensifying. Mainland accountancy experts said Beijing hoped to see some local accounting...
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Cash Accounting Or Accrual Accounting Basis
MyContentBuilder - Found Jun. 8, 2008
By: Bookkeeping based upon cash accounting principles is the easiest accountancy practise but not necessarily the most accurate or beneficial for tax ...
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Accounting For Profit With Marginal Costing
MyContentBuilder - Found Jun. 8, 2008
By: Marginal costing is an accounting term in which costs and expenses are identified by their variability according to the volume of goods bought or ...
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