Accounting

n. system of recording and analyzing financial transactions, auditing; detailed financial statement

v. explain; give a report; cause; regard

Accountancy (profession) or accounting (methodology) is the measurement, statement or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies. The terms derive from the use of financial accounts.
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Noun
1. a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions"
(hypernym) explanation, account
2. a system that provides quantitative information about finances
(hypernym) system, system of rules
(hyponym) balance of payments, balance of international payments
(derivation) account, calculate
(class) balanced
3. the occupation of maintaining and auditing records and preparing financial reports for a business
(synonym) accountancy
(hypernym) occupation, business, job, line of work, line
(hyponym) cost accounting
(derivation) account, calculate
(class) carry over, carry forward
4. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
(synonym) accounting system, method of accounting
(hypernym) register
(hyponym) control account
(member-holonym) ledger, leger, account book, book of account, book
(derivation) account, calculate
5. a statement of recent transactions and the resulting balance; "they send me an accounting every month"
(synonym) account, account statement
(hypernym) statement, financial statement
(hyponym) capital account
(part-meronym) balance
(derivation) account, calculate

Noun
1. a formal contractual relationship established to provide for regular banking or brokerage or business services; "he asked to see the executive who handled his account"
(synonym) business relationship
(hypernym) relationship
(hyponym) brokerage account
2. the act of informing by verbal report; "he heard reports that they were causing trouble"; "by all accounts they were a happy couple"
(synonym) report
(hypernym) informing, making known
(hyponym) summarization, summarisation
3. a record or narrative description of past events; "a history of France"; "he gave an inaccurate account of the plot to kill the president"; "the story of exposure to lead"
(synonym) history, chronicle, story
(hypernym) record
(hyponym) ancient history
(classification) history
4. a short account of the news; "the report of his speech"; "the story was on the 11 o'clock news"; "the account of his speech that was given on the evening news made the governor furious"
(synonym) report, news report, story, write up
(hypernym) news
(hyponym) newsletter, newssheet
5. a statement of recent transactions and the resulting balance; "they send me an accounting every month"
(synonym) accounting, account statement
(hypernym) statement, financial statement
(hyponym) capital account
(part-meronym) balance
6. a statement that makes something comprehensible by describing the relevant structure or operation or circumstances etc.; "the explanation was very simple"; "I expected a brief account"
(synonym) explanation
(hypernym) statement
(hyponym) simplification
(part-meronym) explicandum, explanandum
(derivation) report, describe
7. an itemized statement of money owed for goods shipped or services rendered; "he paid his bill and left"; "send me an account of what I owe"
(synonym) bill, invoice
(hypernym) statement, financial statement
(hyponym) electric bill
(derivation) calculate
8. grounds; "don't do it on my account"; "the paper was rejected on account of its length"; "he tried to blame the victim but his success on that score was doubtful"
(synonym) score
(hypernym) reason, ground
9. importance or value; "a person of considerable account"; "he predicted that although it is of small account now it will rapidly increase in importance"
(hypernym) importance
10. the quality of taking advantage; "she turned her writing skills to good account"
(hypernym) profit, gain
Verb
1. be the sole or primary factor in the existence, acquisition, supply, or disposal of something; "Passing grades account for half of the grades given in this exam"
(hypernym) be
2. keep an account of
(synonym) calculate
(hyponym) credit
(derivation) bill, invoice
3. to give an account or representation of in words; "Discreet Italian police described it in a manner typically continental"
(synonym) report, describe
(hypernym) inform
(derivation) explanation
4. furnish a justifying analysis or explanation; "I can't account for the missing money"
(synonym) answer for
(hypernym) declare
(derivation) explanation

(p. pr. & vb. n.)
of Account
  

Synonyms and related words:
account, account rendered, accountancy, acta, analysis, annual, audit, auditing, automatic electronic navigation, bookkeeping, braking, brief, bulletin, census, census report, computation, coordination, cost accounting, cost system, cost-accounting system, counting, dactylonomy, double-entry bookkeeping, election returns, enumeration, fact distribution, foliation, forecasts, inspection, inventorying, manipulation, measurement, minutes, monetary arithmetic, nonlinear calibrations, numbering, numeration, output measurement, pagination, proceedings, processing, quantification, quantization, record keeping, report, returns, single-entry bookkeeping, statement, steering, supersonic flow detection, tally, tallying, telling, the record, transactions, yearbook,