accounting
n. uncountable B1 Intermediate US //əˈkaʊnɪŋ// UK //ɐkˈaʊntɪŋ// ac·count·ing
n. the work of keeping track of a person's or company's money. It involves recording how much money comes in and how much goes out.
n. the systematic process of recording, classifying, and summarising financial transactions to provide information for management and reporting purposes.
She decided to study accounting to help manage her family business.
The firm hired an outside firm to handle their accounting and ensure all tax filings were accurate.
Rigorous accounting standards are essential for maintaining investor confidence and ensuring that a corporation's financial health is transparently reported to the public.
* First attested in the late 14th century. * account + -ing