accounting

noun

ac·​count·​ing ə-ˈkau̇n-tiŋ How to pronounce accounting (audio)
1
: the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results
also : the principles and procedures of this system
studied accounting as a freshman
2
a
: work done in accounting or by accountants
b
: an instance of applied accounting or of the settling or presenting of accounts
3
: account sense 2
They were required to provide a detailed accounting of their actions.

Examples of accounting in a Sentence

what accounting can you give for your bizarre actions on the night in question?
Recent Examples on the Web Universities also hide their profit centers (see Athletics) with accounting maneuvers. Patrick Skerrett, STAT, 20 Apr. 2024 According to the audit, other potential violations of budgeting and accounting laws include the purchase being applied to operating expenses, though state law prevents equipment that must be capitalized from being expensed, as well as the lectern being paid for before it was delivered. Libby Cathey, ABC News, 17 Apr. 2024 According to an April 15 Facebook post from the shelter, employees at an Omaha accounting firm found the canine in a dumpster behind the office's building. Kelli Bender, Peoplemag, 16 Apr. 2024 The law, signed in 2002, was prompted by accounting fraud and the destruction of documents, but the provision is written in broad terms. Adam Liptak, New York Times, 16 Apr. 2024 Arkansas legislative auditors said in a report released Monday that Gov. Sarah Huckabee Sanders’ office potentially violated several laws on budgeting, accounting, purchasing and tampering with public records related to the office’s purchase of a $19,000 lectern and travel case. Arkansas Democrat-Gazette, arkansasonline.com, 16 Apr. 2024 Forensic accounting combines investigative and accounting techniques to identify potential fraud or financial irregularities, according to Barron's Dictionary of Finance and Investment Terms. Cary Spivak, Journal Sentinel, 15 Apr. 2024 An accounting of the tech industry and its founders who wanted to change the world but broke it instead. The California Independent Booksellers Alliance, Los Angeles Times, 10 Apr. 2024 Company officials have admitted Kleinfeld was one of several used in an off-books accounting system called Drousys that was used to pay bribes in exchange for public works contracts. Jay Weaver, Miami Herald, 9 Apr. 2024

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'accounting.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

Etymology

Middle English acountynge "reckoning, calculation," from gerund of accounten "to account entry 2"

First Known Use

circa 1676, in the meaning defined at sense 2b

Time Traveler
The first known use of accounting was circa 1676

Dictionary Entries Near accounting

Cite this Entry

“Accounting.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/accounting. Accessed 26 Apr. 2024.

Kids Definition

accounting

noun
ac·​count·​ing ə-ˈkau̇nt-iŋ How to pronounce accounting (audio)
1
: the system or practice of recording the amounts of money made and spent by a person or business
2
: a statement explaining one's conduct : account sense 5a

Legal Definition

accounting

noun
ac·​count·​ing
1
: an often court-ordered presentment or examination of accounts
a complete accounting would be necessary to determine the nature of the expendituresCase & Comment
2
: the settlement by judicial action of the assets of a partnership (as upon dissolution)

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