Meaning & Definition of Accountancy in English

Detailed Definitions

• Definition: The practice or profession of recording, classifying, and summarizing financial transactions.

  Example Sentence: She decided to pursue a career in accountancy after completing her degree in finance.

• Definition: A systematic approach to measuring and reporting financial performance.

  Example Sentence: Accountancy plays a crucial role in assessing the economic health of an organization.

Etymology

Origin: From account + -ancy, denoting a state or quality.

Synonyms

Common Phrases and Expressions

• public accountancy: The practice of accounting for a variety of clients, including individuals and businesses.
• forensic accountancy: The use of accounting skills to investigate fraud or financial discrepancies.
• cost accountancy: A method of accounting that focuses on capturing all costs associated with production.

Translations

• Spanish: contabilidad

• French: comptabilité

• German: Buchhaltung

• Russian: бухгалтерия

Related Words

• account: A record of financial transactions.

• auditing: The examination of financial records to ensure accuracy.

• ledger: A book or other collection of financial accounts.

Slang Meanings of accountancy

• Meaning: Bean counter

  Example Sentence: He's a bean counter at a big corporation, handling all their financial records.

• Meaning: Number cruncher

  Example Sentence: Don't ask him about his work; he's just a number cruncher.