‹ Accounted Accounts ›

Accounting

Meanings and phrases

accounting

Pronunciation American British Australian Indian
n.
  1. the occupation of maintaining and auditing records and preparing financial reports for a business; accountancy
  2. a convincing explanation that reveals basic causes
  3. a system that provides quantitative information about finances
  4. a statement of recent transactions and the resulting balance; account; account statement
  5. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts; accounting system; method of accounting

Government Accounting Office

Pronunciation American British Australian Indian
n.
  1. an independent nonpartisan federal agency that acts as the investigative arm of Congress making the executive branch accountable to Congress and the government accountable to citizens of the United States; GAO; United States Government Accounting Office

United States Government Accounting Office

Pronunciation American British Australian Indian
n.
  1. an independent nonpartisan federal agency that acts as the investigative arm of Congress making the executive branch accountable to Congress and the government accountable to citizens of the United States; Government Accounting Office; GAO

accounting data

Pronunciation American British Australian Indian
n.
  1. all the data (ledgers and journals and spreadsheets) that support a financial statement; can be hard copy or machine readable

accounting entry

Pronunciation American British Australian Indian
n.
  1. a written record of a commercial transaction; entry; ledger entry

accounting firm

Pronunciation American British Australian Indian
n.
  1. a firm of accountants who provide accounting and auditing services for a fee
E.g.
  • It is occupied by the Ernst & Young accounting firm.
  • The Deloitte & Touche accounting firm took over this role in 2002.
  • Dafinone & Co (now Howarth Dafinone), a chartered accounting firm.

accounting principle

Pronunciation American British Australian Indian
n.
  1. a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions; accounting standard

accounting standard

Pronunciation American British Australian Indian
n.
  1. a principle that governs current accounting practice and that is used as a reference to determine the appropriate treatment of complex transactions; accounting principle

accounting system

Pronunciation American British Australian Indian
n.
  1. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts; accounting; method of accounting
E.g.
  • The general ledger is the backbone of any accounting system which holds financial and non-financial data for an organization.
  • Franklin reorganized the service's accounting system, then improved speed of delivery between Philadelphia, New York and Boston.
  • An accounting system keeps track of energy in, energy out, and non-useful energy versus work done, and transformations within a system.

cost accounting

Pronunciation American British Australian Indian
n.
  1. keeping account of the costs of items in production
E.g.
  • The cost accounting standards are defined in the Planning and Control System Manual.
  • He has also published in the fields of strategy, cost accounting and management accounting.
  • He thus made early contributions to both the concepts of cost accounting, and economic efficiency in manufacturing.

generally accepted accounting principles

Pronunciation American British Australian Indian
n.
  1. a collection of rules and procedures and conventions that define accepted accounting practice; includes broad guidelines as well as detailed procedures; GAAP

inventory accounting

Pronunciation American British Australian Indian
n.
  1. accounting that controls and evaluates inventory

method of accounting

Pronunciation American British Australian Indian
n.
  1. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts; accounting; accounting system

degree in accounting

Pronunciation American British Australian Indian
E.g.
  • He has a degree in accounting .
  • He has a degree in accounting and has taught at the University of Hassan II.
  • He obtained a bachelor's degree in accounting from Ain Shams University in 1971.

accounting firms

Pronunciation American British Australian Indian
E.g.
  • RSM International, branded RSM, is a multi-national network of accounting firms.
  • Today, accounting is facilitated by such as standard-setters, accounting firms and professional bodies.
  • Moss Adams is also a founding member of Praxity, an international association of independent accounting firms.

accounting standards

Pronunciation American British Australian Indian
E.g.
  • The cost accounting standards are defined in the Planning and Control System Manual.
  • SASB was founded in 2011 to develop and disseminate sustainability accounting standards.
  • Generally accepted accounting principles (GAAP) are accounting standards issued by national regulatory bodies.
Wordnet