Pronunciation: /əˈkaʊntɪŋ/
noun the process or work of keeping financial accounts
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
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.
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.
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accountings
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have accounted
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to account
accounting
accounted