accounting accounting  /ə ˈkaʊn tɪŋ/

Definition(s):

  1. (n) a convincing explanation that reveals basic causes
  2. (n) a system that provides quantitative information about finances
  3. (n) the occupation of maintaining and auditing records and preparing financial reports for a business
  4. (n) a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
  5. (n) a statement of recent transactions and the resulting balance

Usage(s):

  1. Some of the nation's largest accounting firms gave a clean bill of health to Bernie Madoff's funds.
  2. An accounting change designed to help troubled banks has the support of the Federal Reserve and Warren Buffett.
  3. The accounting for a global trading company like Enron is mind-numbingly complex.

News

  1. Accounting rules mask banks' financial health: investors

    Major UK shareholder groups took a fresh swipe at "unreliable" accounting rules which make it harder for them to assess the strengths of the companies they invest in. Their call for an urgent ...
    on June 21, 2013     Source: Reuters via Yahoo! Finance

  2. Hiring Accounting Clerk

    Hiring Accounting Clerk, Patterson Oil Company, family owned business since 1960, Call 816-540-2063 for more information.
    on June 21, 2013     Source: Lee's Summit Journal

  3. Accounting Software helps airlines manage airmail revenue.

    Available as part of REVERA® Revenue Accounting Suite, REVERA Airmail helps airlines simplify and streamline airmail revenue accounting process. Automation helps minimize processing errors and maximize productivity, while integrated pricing engine aids in management of complex contract rates with customers. Furthermore, functionality reduces rejections and improve cash flow through invoicing and ...
    on June 20, 2013     Source: ThomasNet

Quotes

  1. Former Senate Democratic leader Tom Daschle of South Dakota, said: "I think the FBI owes us a complete accounting of their investigation and ought to be able to tell us at some point, how we're going to bring this to closure."
    on Aug 2, 2008 By: Tom Daschle Source: International Herald Tribune

  2. In his weekly radio and Internet address yesterday, Obama said he is determined to "get exploding deficits under control" and that his budget request is "sober in its assessments, honest in its accounting, and lays out in detail my strategy...
    on Feb 22, 2009 By: Barack Obama Source: Newsday

  3. "There is a misperception that this department can continue funding our troops in the field for an indefinite period of time through accounting maneuvers, that we can shuffle money around the department. This is a serious misconception," Gates...
    on Nov 14, 2007 By: Robert Gates Source: FOXNews

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