accounting
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English[edit]
Etymology[edit]
Pronunciation[edit]
Verb[edit]
accounting
Noun[edit]
accounting (usually uncountable, plural accountings)
- (business) The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.
- A relaying of events; justification of actions.
- He was required to give a thorough accounting of his time.
- (law) An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them.
- 2020, Liu v. SEC (U.S. Supreme Court No. 18-1501), Justice Thomas dissenting:
- In contrast, an accounting for profits, or accounting— a distinct form of relief that the majority groups with disgorgement — has a well-accepted definition: It compels a defendant to account for, and repay to a plaintiff, those profits that belong to the plaintiff in equity.
- 2020, Liu v. SEC (U.S. Supreme Court No. 18-1501), Justice Thomas dissenting:
Derived terms[edit]
Terms derived from the noun "accounting"
Translations[edit]
development and maintenance of system for recording and analyzing financial transactions
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