ENGLISH
REFERENCE

accountancy

n. uncountable
B2 Upper Intermediate US //əˈkaʊntənsi// UK //ɐkˈaʊntənsi// ac·coun·tan·cy

n. the job or study of keeping track of money for a person or a business. It involves recording how much money comes in and how much goes out.

n. the profession or practice of recording, classifying, and reporting on financial transactions. Often used to describe the systematic process of maintaining financial accounts and preparing tax returns.


SIMPLE

She decided to study accountancy to help manage her family's business.

CONTEXTUAL

After passing his final exams, he joined a major firm to begin his career in accountancy.

COMPLEX

Modern accountancy requires not only a mastery of numerical data but also a deep understanding of the complex regulatory frameworks that govern international trade.

Synonyms
Origin

From account + -ancy.

Usage

Typically uncountable when referring to the profession or field of study.

Pitfall

He works in the accounting profession of accountancy.He works in accountancy.Learners sometimes use 'accountancy' as a synonym for 'accounting' in contexts where 'accounting' refers to the specific task, whereas 'accountancy' usually refers to the entire profession.

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