HyperDic

English > 5 senses of the word *accounting*:
NOUN	communication	accounting	a convincing explanation that reveals basic causes
	cognition	accounting	a system that provides quantitative information about finances
	act	accounting, accountancy	the occupation of maintaining and auditing records and preparing financial reports for a business
	possession	accounting, accounting system, method of accounting	a bookkeeper's chronological list of related debits and credits of a business
	possession	accounting, account, account statement	a statement of recent transactions and the resulting balance

accounting > pronunciation
Sounds	ahkaw'nihng; ahkaw'ntihng
Rhymes	abducting ... zoning: 2006 rhymes with ihng...

English > *accounting*: 5 senses > noun 1, communication
Meaning	A convincing explanation that reveals basic causes.
Example	"he was unable to give a clear accounting for his actions"
Broader	explanation, account	A statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.

English > *accounting*: 5 senses > noun 2, cognition
Meaning	A system that provides quantitative information about finances.
Category of	debit	Enter as debit
	good will, goodwill	(accounting) an intangible asset valued according to the advantage or reputation a business has acquired (over and above its tangible assets)
	internal control	An accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud / fraud and error etc.
	inventory	(accounting) the value of a firm's current assets including raw materials and work in progress and finished goods
	review, limited review	(accounting) a service (less exhaustive than an audit / audit) that provides some assurance to interested parties as to the reliability of financial data
	straight-line method, straight-line method of depreciation	(accounting) a method of calculating depreciation by taking an equal amount of the asset's cost as an expense for each year of the asset's useful life
	unbalanced	debits and credits are not equal
	unearned income, unearned revenue	(accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
	write-off, write-down	(accounting) reduction in the book value of an asset
Narrower	balance of payments, balance of international payments	A system of recording all of a country's economic transactions with the rest of the world over a period of one year
Narrower	current account	That part of the balance of payments recording a nation's exports and imports of goods and services and transfer payments
Broader	system, system of rules	A complex of methods or rules governing behavior
Verbs	account	keep an account of

English > *accounting*: 5 senses > noun 3, act
Meaning	The occupation of maintaining and auditing records and preparing financial reports for a business.
Synonym	accountancy
Category of	carry over, carry forward	transfer from one time period to the next
Narrower	bookkeeping, clerking	The activity of recording business transactions
	cost accounting	Keeping account of the costs of items in production
	inventory accounting	accounting that controls and evaluates inventory
Broader	occupation, business, job, line of work, line	The principal activity in your life that you do to earn money
Verbs	account	keep an account of

English > *accounting*: 5 senses > noun 4, possession
Meaning	A bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts.
Synonyms	accounting system, method of accounting
Member of	ledger, leger, account book, book of account, book	A record in which commercial accounts are recorded
Narrower	accrual basis	A method of accounting in which each item is entered as it is earned or incurred regardless of when actual payments are received or made
	audited account, audit	An inspection of the accounting procedures and records by a trained accountant or CPA
	cash basis	A method of accounting in which each item is entered as payments are received or made
	control account	An account that shows totals / totals of amounts entered in a subsidiary ledger
	credit side	account of payments received
	debit side	account of payments owed
	entry, accounting entry, ledger entry	A written record of a commercial transaction
	pooling of interest	An accounting method used in the merging of companies
	review, limited review	(accounting) a service (less exhaustive than an audit / audit) that provides some assurance to interested parties as to the reliability of financial data
Broader	register	A book in which names and transactions are listed
Verbs	account	keep an account of

English > *accounting*: 5 senses > noun 5, possession
Meaning	A statement of recent transactions and the resulting balance.
Example	"they send me an accounting every month"
Synonyms	account, account statement
Parts	balance	equality between the totals / totals of the credit and debit sides of an account
Narrower	capital account	(finance) an account of the net value of a business at a specified date
	capital account	(economics) that part of the balance of payments recording a nation's outflow and inflow of financial securities
	expense account, travel and entertainment account	An account to which salespersons or executives can charge travel and entertainment expenses
	profit and loss, profit and loss account	An account compiled at the end of an accounting period to show gross and net profit or loss
	suspense account	An account used temporarily to carry doubtful receipts and disbursements or discrepancies pending their analysis and permanent classification
Broader	statement, financial statement	A document showing credits and debits
Verbs	account	keep an account of

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