1. the bookkeeping methods involved in making a financial record of business transactions and in the preparation of statements concerning the assets, liabilities, and operating results of a business.

1. present participle of account.
2. the development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
3. A relaying of events; justification of actions.

1. reckoning; computation; counting.
2. an examination, reckoning, rendering, or balancing of accounts so as to arrive at the true state of any transaction or course of transactions: as, the court ordered an accounting; the parties came to an accounting.
3. the art or science of keeping accounts; the principles or methods of account-keeping; accountancy: as, manufacturing accounting; mercantile accounting.

1. a system that provides quantitative information about finances
2. a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts
3. a convincing explanation that reveals basic causes
4. a statement of recent transactions and the resulting balance
5. the occupation of maintaining and auditing records and preparing financial reports for a business