accounting
UK: əˈkaʊntɪŋ | US: əˈkaʊntɪŋ
n. the systematic recording, reporting, and analysis of financial transactions
n. the profession or duties of an accountant
n. a statement or explanation of financial conduct
The word "accounting" derives from the Old French "aconter" (to count, reckon), which itself comes from Latin "computare" (to calculate). The suffix "-ing" transforms the verb "account" into a noun, representing the action or result of keeping financial records. The term evolved in Middle English to specifically denote financial record-keeping, reflecting its roots in trade and commerce.
She studied accounting at university to become a certified public accountant.
Proper accounting practices are essential for business transparency.
The company hired a firm to handle its annual accounting.
His accounting of the expenses revealed several discrepancies.
Modern accounting software has simplified bookkeeping tasks.