Question:
definition of accounting?
dreekside
2006-11-19 00:44:46 UTC
accounting
Ten answers:
deadman
2006-11-19 00:47:25 UTC
Definitions of accounting on the Web:



* a convincing explanation that reveals basic causes; "he was unable to give a clear accounting for his actions"

* a system that provides quantitative information about finances

* accountancy: the occupation of maintaining and auditing records and preparing financial reports for a business

* a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts

* account: a statement of recent transactions and the resulting balance; "they send me an accounting every month"

wordnet.princeton.edu/perl/webwn



* Accountancy (British English) or accounting (American English) is the process by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. Auditing, a related but separate discipline, is the process of an independent review of financial statements in order to express an opinion as to the fairness and adherence to generally accepted accounting principles.

en.wikipedia.org/wiki/Accounting



* The overall process of identifying, measuring, recording, interpreting, and communicating the results of economic activity; tracking business income and expenses and using these numbers to answer specific questions about the financial and tax status of the business.

www.theaccountspayablenetwork.com/html/modules.php



* A service activity designed to accumulate, measure, and communicate financial information about economic entities for decision-making purposes.

www.finet.com.hk/accounting/a.htm



* The systematic recording, reporting, and analysis of financial transactions of a business.

www.unisys.com/common/investors/glossary/



* A comprehensive system for recording and summarizing business transactions.

www.extension.iastate.edu/agdm/wholefarm/html/c1-05.html



* The act of collecting information on resource usage for the purpose of capacity and trend analysis, cost allocation, auditing and billing. Accounting management requires that resource consumption be measured, rated, assigned, and communicated between appropriate parties. Typical information that is gathered in accounting is the identity of the user, the nature of the service delivered, when the service began, and when it ended.

tiefighter.et.tudelft.nl/~arthur/aaa/aaaterms.html



* The recording, classifying, summarizing, and interpreting in a significant manner and in terms of money, transactions, and events of a financial character.

www.business.gov/phases/launching/are_you_ready/glossary.html



* Accounting arrangement between operators concerning the declaration of accounts in Traditional Switched Transit. In Direct accounting, the operator originating the traffic sends each of the intervening operators a separate declaration and the payments due to them.

www.opentransit.francetelecom.com/m_tool_box/m02_glossary/m02_glossary_voice.asp



* The process of systematically recording, classifying, verifying and summarizing business transactions, and presenting this information in periodic, interpretative financial statements and reports.

www.ncbuy.com/credit/glossary.html



* 2003, vol. 13, issue 1, pages 69-81

econpapers.repec.org/article/tafacbsfi/v_3A13_3Ay_3A2003_3Ai_3A1_3Ap_3A69-81.htm



* The systematic recording, presentation and interpretation of the financial facts of an enterprise in such a manner as to permit effective management and provide the required information.

www.gov.nt.ca/FMBS/documents/FAMWeb/glossary.htm



* Recording information about finances in an accountable way.

osraids.org/index.php



* In information technology, accounting is the process of keeping track of a user's activity while accessing a network's resources, including the amount of time spent in the network, the services accessed while there and the amount of data transferred during the session. Accounting data is used for trend analysis, capacity planning, billing, auditing and cost allocation.

www.angelfire.com/anime3/internet/network.htm



* A deviation of actual results form ex-pected budgeted or standard results. Variances are usually labeled favourable or unfavourable but should be regarded as attention directors rather than as answers.

www.indiainfoline.com/bisc/accv.html



* Accounting is the act of logging /summarizing what actions in the system were performed and by who, for purposes of reporting utilization.

webapp.lab.ac.uab.edu/wiki/mlist/index.php/MlistGlossary



* The process of gathering and preparing of financial information about a business or other organization in a form that provides accurate and useful records and enables decisions to be made.

www.bookkeeperlist.com/definitionsa.shtml



* A discipline dealing with the provision of information for interested parties about an entity’s financial performance, its assets and its liabilities.

wps.pearsoned.co.uk/wps/media/objects/1065/1090612/glossary.html



* The recording of revenues and expenditures according to generally accepted accounting principles to provide meaningful financial information.

www.scs.sk.ca/administrative_services/school_based_funds_manual/glossary.html



* The systematic recordkeeping and reporting of an organization’s performance in monetary terms. Accounting provides a summary of the economic results of organizational decisions for internal use and transmits them to external stakeholders such as volunteers, donors, funders, creditors and regulatory agencies.

www.rivernetwork.org/library/Accounting-GlossaryofTerms.htm



* In probate, process of providing a report on the collection and distribution of the estate; in partnerships, an equitable proceeding in which the use and distribution of partnership funds are examined to determine whether each partner has received his or her appropriate share.

www.swlearning.com/blaw/jennings/realestate7e/glossary.html



* Partially centralized.

profiles.hospitalityonline.com/200627/



* The administrative task of recording actual costs and expenditures so that comparisons may be made to budgets (planned costs and expenditures) for the sake of financial control.

www.pestmanagement.co.uk/lib/glossary/glossary_a.shtml



* In the Mach30/Plus documentation. Accounting refers to the part of the Mach30/Plus system that handles charges and billing to customers. Accounting is a select-able entry on the Mach30/Plus Main Menu.

www.credco.com/HTML%20files/glossaries/Glossary-standard.htm



* The function of compiling and providing financial information primarily by reports referred to as financial statements. Accounting includes bookkeeping, systems design, analysis and interpretation of accounting information.

www.smarttaxinfo.com/taxbasics/glossary/glossary_a.html



* The process of recording, summarising, and allocating all items of income and expense of the company and analysing, verifying, and reporting the results

www.stanlake.co.uk/recruitment-candidates/recruitment-glossary.php
cofield
2016-10-06 10:44:41 UTC
Definition Of Accounting
Kathryn
2015-04-01 02:44:07 UTC
The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions. The financial statements that summarize a large company's operations, financial position and cash flows over a particular period are a concise summary of hundreds of thousands of financial transactions it may have entered into over this period. Accounting is one of the key functions for almost any business; it may be handled by a bookkeeper and accountant at small firms or by sizable finance departments with dozens of employees at larger companies.
Marie
2015-02-13 18:24:49 UTC
DEFINITION OF 'ACCOUNTING'

The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing, analyzing and reporting these transactions. The financial statements that summarize a large company's operations, financial position and cash flows over a particular period are a concise summary of hundreds of thousands of financial transactions it may have entered into over this period. Accounting is one of the key functions for almost any business; it may be handled by a bookkeeper and accountant at small firms or by sizable finance departments with dozens of employees at larger companies.



INVESTOPEDIA EXPLAINS 'ACCOUNTING'

The reports generated by various streams of accounting, such as cost accounting and management accounting, are invaluable in helping management make informed decisions. While basic accounting functions can be handled by a bookkeeper, advanced accounting is handled by qualified accountants who possess designations such as CPA (Certified Public Accountant) in the United States, or CA (Chartered Accountant)/CGA (Certified General Accountant)/CMA (Certified Management Accountant) in Canada. All accounting designations are the culmination of years of study and rigorous examinations, combined with a minimum number of years of practical accounting experience.
ania
2016-06-27 13:00:13 UTC
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity.
anonymous
2016-03-19 15:05:31 UTC
The action or process of keeping financial accounts. Simple :)
zim5er
2006-11-22 17:56:42 UTC
A lot of prespectives:

http://www.metaglossary.com/definitions/accounting/
?
2016-07-25 12:31:43 UTC
how do u solve this



During March, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of the units transferred, 25,000 were in process at the beginning of March and 110,000 were started and completed in March. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to labor. The production department incurred direct labor cost of $578,900 and its beginning inventory included labor cost of $54,700. Compute the direct labor cost per equivalent unit for the department using the weighted-average method.

a. $4.69.

b. $3.84.

c. $4.86.

d. $4.28.

e. $4.40.
thal
2015-08-05 10:46:58 UTC
To control the business with a scientific solution by calculating all incoming and outgoing.
Moin
2015-10-24 01:08:00 UTC
the art of identifying, recording and summarizing all the events of an organization. it is also known as an information system.


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