Accounting

C1 16+

Pronunciation: /əˈkaʊntɪŋ/

Definitions of accounting

noun the process or work of keeping financial accounts

Example Sentences

A1 Accounting involves keeping track of financial transactions.

A2 Basic accounting principles include recording income and expenses.

B1 Managerial accounting focuses on providing information for internal decision-making.

B2 Financial accounting is concerned with preparing financial statements for external stakeholders.

C1 Advanced accounting techniques such as cost accounting and budgeting are essential for strategic planning.

C2 The field of accounting encompasses various specialized areas such as forensic accounting and auditing.

adjective relating to the field of accounting

Example Sentences

A1 I am learning basic accounting principles in my introductory finance class.

A2 She is responsible for maintaining the accounting records for the small business.

B1 The company hired an accounting firm to handle their financial statements.

B2 The accounting department conducted a thorough audit of the company's expenses.

C1 Her expertise in accounting software led to significant improvements in the company's financial reporting.

C2 The accounting team's meticulous attention to detail ensured accurate financial reporting for the shareholders.

Examples of accounting in a Sentence

formal The company hired a team of professionals to handle their accounting needs.

informal I'm taking an accounting class next semester.

slang I heard he's really good with numbers, like a accounting wizard.

figurative Balancing work and family responsibilities is like managing a complex accounting equation.

Grammatical Forms of accounting

past tense

accounted

plural

accountings

comparative

more accounting

superlative

most accounting

present tense

account

future tense

will account

perfect tense

have accounted

continuous tense

is accounting

singular

accounting

positive degree

accounting

infinitive

to account

gerund

accounting

participle

accounted

Origin and Evolution of accounting

First Known Use: 1250 year
Language of Origin: Middle English
Story behind the word: The word 'accounting' has its origins in the Middle English word 'accounten' which means to count or calculate.
Evolution of the word: Over time, the word 'accounting' has evolved to encompass a broader range of financial activities beyond just counting, including recording, summarizing, and analyzing financial transactions.