Definition of "accounting" []

• 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. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "Business has plenty of risks and years of building up a business when your not making any money and the flexibility in accounting is important."
• "After receiving a bachelor degree in accounting from the University of Utah in"
• "In August of last year, a vice president of the corporation wrote a memo to Mr. Lay describing some of the problems in that corporation, using the term accounting hoax."