accounting

Definition
The systematic recording, reporting, and analysis of financial transactions of a business. The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles. Accounting allows a company to analyze the financial performance of the business, and look at statistics such as net profit.




accounting is ...
... part of the
Accounting subject.


Related Terms

accountant's letter -  More
accrual basis accounting -  More
accrued expense -
adjusting entry, administrative systems, asset, audit, back office, balance of payments, Bank Examiner, book inventory, books of final entry, books of original entry  and  


accounting appears in these other terms

inflation accounting, average accounting return, General Accounting Office, Financial Accounting Standards Board, Public Company Accounting Oversight Board, Cost Accounting, accounting equation


accounting appears in the definitions of these other terms on BusinessDictionary.com

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