ac·​count·​ing | \ ə-ˈkau̇n-tiŋ How to pronounce accounting (audio) \

Definition of accounting

1 : the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results also : the principles and procedures of this system studied accounting as a freshman
2a : work done in accounting or by accountants
b : an instance of applied accounting or of the settling or presenting of accounts
3 : account sense 2 They were required to provide a detailed accounting of their actions.

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Examples of accounting in a Sentence

what accounting can you give for your bizarre actions on the night in question?
Recent Examples on the Web Schroder and his expiring contract to the Pelicans for Bledsoe gives both teams a fresh start both on the court and in the accounting offices. Christopher Dodson, Forbes, "New Orleans Pelicans Could Possibly Trade Every Guard They Did Not Draft In The Next Three Weeks," 28 Feb. 2021 An accounting-rule change in recent years has meant that Berkshire’s earnings often reflect the larger performance of the stock market. Geoffrey Rogow, WSJ, "Warren Buffett’s Berkshire Hathaway Sees Profit Rise 23%," 27 Feb. 2021 Haredi women have been especially drawn to civil service, computing and accounting and are often employed at high-tech firms, which have been happy to accommodate them by offering flexible work hours and a kosher workplace. New York Times, "How the Pandemic Nearly Tore Israel Apart," 25 Feb. 2021 If a replacement is not found before Bell’s last day, GameStop plans to appoint Diana Jajeh, the current senior vice president and chief accounting officer, to the role of interim chief financial officer. Mike Brest, Washington Examiner, "GameStop CFO resigns following trading frenzy," 23 Feb. 2021 That means Tesla's bitcoin stake will likely remain valued at $1.5 billion on its accounting statement no matter how much higher the currency climbs. Stephen Gandel, CBS News, "Tesla has made $1 billion on bitcoin in less than a month," 23 Feb. 2021 As part of our commitment, the climate science team at Amazon has created a comprehensive carbon accounting system. Kara Hurst, Fortune, "The U.S. has rejoined the Paris Agreement. How can business help?," 19 Feb. 2021 The final cap number will be determined following further review of revenue figures for 2020 and other accounting. Rob Maaddi, Star Tribune, "NFL increases salary cap minimum to $180 million," 18 Feb. 2021 Those opportunities came from Arnold, who hit from the baseline, from underneath and at the free-throw line on three of the four possessions, with Madeline Chapman’s 3 pointer accounting for the other points. al, "AISA Championships: Heritage Christian boys, Abbeville, Southern girls claim state titles," 18 Feb. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'accounting.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of accounting

circa 1676, in the meaning defined at sense 2b

History and Etymology for accounting

Middle English acountynge "reckoning, calculation," from gerund of accounten "to account entry 2"

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Time Traveler for accounting

Time Traveler

The first known use of accounting was circa 1676

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Statistics for accounting

Last Updated

3 Mar 2021

Cite this Entry

“Accounting.” Dictionary, Merriam-Webster, Accessed 6 Mar. 2021.

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More Definitions for accounting



English Language Learners Definition of accounting

: the skill, system, or job of keeping the financial records of a business or person


ac·​count·​ing | \ ə-ˈkau̇n-tiŋ How to pronounce accounting (audio) \

Kids Definition of accounting

: the work of keeping a person's or a business's financial records



Legal Definition of accounting

1 : an often court-ordered presentment or examination of accounts a complete accounting would be necessary to determine the nature of the expendituresCase & Comment
2 : the settlement by judicial action of the assets of a partnership (as upon dissolution)

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