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Meaning of accounting
The primary meaning of the word "accounting" refers to the practice of managing and recording financial transactions and events.
Etymology of accounting
The word "accounting" originates from the Old French word "acompter," meaning "to account" or "to reckon," which is derived from the Latin words "ad" (to) and "computare" (to calculate).
The term has been used in the English language since the 15th century to describe the practice of managing and recording financial transactions.
Synonyms
bookkeeping
finance
economics
management
administration
recording
auditing
analysis
reconciliation
budgeting
forecasting
planning
controlling
reporting
compliance
governance
regulation
accounting practices
financial management
cost accounting
financial accounting
managerial accounting
tax accounting
auditing practices
financial analysis
financial planning
financial reporting
budget analysis
financial control
financial regulation
fiscal management
monetary management
numerical analysis
statistical analysis
Definitions
- The practice or profession of managing and recording financial transactions and events, including the preparation of financial statements and reports.
- * The systematic process of identifying, measuring, and communicating financial information to permit informed judgments and decisions by users of the information.
Usage Examples
- The company's accounting department is responsible for preparing financial statements and reports.
- * Accounting standards and regulations require companies to disclose certain financial information to investors and stakeholders.
- * The accountant's role is to ensure that the company's financial transactions are accurately recorded and reported.
Antonyms
mismanagement
neglect
disorganization
chaos
disorder
confusion
misrepresentation
deception
fraud
dishonesty
irregularity
noncompliance
lawlessness
unaccountability
irresponsibility
carelessness
laxity
inattention
thoughtlessness
imprudence
recklessness
profligacy
extravagance
wastefulness
inefficiency