accounting

Definition

Practice and body of knowledge concerned primarily with

methods for recording transactions,
keeping financial records,
performing internal audits,
reporting and analyzing financial information to the management, and
advising on taxation matters.

It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.

Accounting provides information on the

resources available to a firm,
the means employed to finance those resources, and
the results achieved through their use.

See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.

Use 'accounting' in a Sentence

When the accounting had been done, it was found that a small amount of money was missing, probably due to a faulty ledger entry somewhere along the line.

The accounting at the firm was so mismanaged that the threat of bankruptcy was suddenly becoming a very real possibility.

It was very difficult for the library to keep an accurate accounting of all their electronic books and media because the software was so complicated.

单词	accounting
释义	accounting Definition Practice and body of knowledge concerned primarily with methods for recording transactions, keeping financial records, performing internal audits, reporting and analyzing financial information to the management, and advising on taxation matters. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the resources available to a firm, the means employed to finance those resources, and the results achieved through their use. See also: List of Key Accounting Terms and Definitions at InvestorGuide.com. Use 'accounting' in a Sentence When the accounting had been done, it was found that a small amount of money was missing, probably due to a faulty ledger entry somewhere along the line. The accounting at the firm was so mismanaged that the threat of bankruptcy was suddenly becoming a very real possibility. It was very difficult for the library to keep an accurate accounting of all their electronic books and media because the software was so complicated.
随便看	gross earnings form grossed-up gift gross estate gross fixed assets gross income gross-income test gross investment gross leasable area gross lease gross line gross manifest gross margin gross merchandise value gross misconduct gross national debt gross national expenditure gross national happiness (GNH) Gross National Income gross negligence gross parity gross pay gross premium gross price gross private domestic investment (GPDI) gross production tax