accounting (B2)
noun
Pronunciation: /əˈkaʊn.tɪŋ/
Definition
The process or skill of keeping financial accounts.
Examples
She is studying accounting at university.
Accurate accounting is crucial for business success.
The firm specializes in forensic accounting to investigate fraud.
How to Use accounting
- accounting for (prepositional phrase)
- Explaining the reason or cause for something. — "It's difficult to account for the sudden drop in sales."
- forensic accounting (collocation)
- The use of accounting skills to investigate fraud or financial irregularities. — "The police called in a forensic accounting team to examine the company's books."
- management accounting (collocation)
- Accounting information used internally by managers for decision-making. — "Management accounting focuses on providing data for internal planning and control."
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