Word
accountancy
Phoneticsac·coun·tan·cy
US/əˈkaʊntənsi/
UK/ɐkˈaʊntənsi/
Definitions
01the profession or practice
n. the work or study of keeping track of money and preparing financial reports.
n. the systematic process of recording, reporting, and analyzing financial transactions. Uncountable in this sense.
“After finishing her degree, she decided to pursue a career in accountancy.”
“Modern accountancy requires not only mathematical precision but also a deep understanding of evolving international tax regulations and ethical standards.”
Usage
Commonly used in British English where American English speakers would typically use 'accounting'.
Synonyms
02a business or firm
n. a company or office that provides financial services for other people.
n. a firm or organization that performs accounting functions for clients. Countable in this sense.
“He works for a small accountancy in the city centre.”
“The local accountancy expanded its services to include forensic auditing after several high-profile corporate scandals in the region.”
British English
Teaching tip
This countable use referring to a firm is primarily found in British English; in other regions, 'accounting firm' is preferred.
Synonyms
Etymology
From account + -ancy.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.
Domain
Scan code
englishreference.com/q/accountancy