- the theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (distinguished from bookkeeping).
- a detailed report of the financial state or transactions of a person or entity: an accounting of the estate.
- the rendering or submission of such a report.
- the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities, etc, of a business
- (as modifier)
