accountancy
UK: əˈkaʊntənsi | US: əˈkaʊntənsi
n. the profession or duties of an accountant
n. the systematic recording, reporting, and analysis of financial transactions
The word "accountancy" derives from the root "account," which originates from Old French aconter (to count, reckon), itself from Latin computare (to calculate). The suffix "-ancy" (from Latin -antia) forms nouns indicating a state or quality, giving "accountancy" its modern meaning of the professional practice of financial record-keeping. The term reflects the evolution from simple counting to a structured discipline.
She pursued a degree in accountancy to become a certified public accountant.
Modern accountancy relies heavily on digital tools for accuracy.
His expertise in accountancy helped the company streamline its finances.
The firm specializes in tax accountancy for small businesses.
Ethical standards are crucial in the field of accountancy.