English Lexicon

Accounting

/əˈkaʊn.tɪŋ/
nounCEFR B2 (Upper)Top #2100 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The action or process of keeping financial accounts.

    "Effective accounting is essential for businesses to track their income and expenses."
  2. 2

    The profession or field of study concerned with the systematic recording, reporting, and analysis of financial transactions.

    "She decided to pursue a career in accounting after completing her degree in finance."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from Middle English 'acounten', originating from Old French 'aconter', which traces back to the Latin 'computare' meaning to compute or calculate. Over centuries, the term evolved from general calculation and storytelling of events to the systematic and professional recording, measuring, and reporting of financial transactions.

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