accounting

USAGE SUMMARY

The phrase "accounting" is correct and usable in written English.
It can be used in contexts related to financial record-keeping, analysis, and reporting. Example: "She decided to pursue a degree in accounting to better understand financial management."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

58 human-written examples

Europe is accounting for a member economy as if it were a dotcom circa 1997: by covering up all the bad stuff on the books, and then pointing to the rest as evidence of a money-making enterprise.

The Guardian - Opinion

So, in 1983, for example, Labour was supported by newspapers accounting for only 22% of circulation - and they lost.

The Guardian

And on the right, Republican presidential hopeful Carly Fiorina and others have attacked Trans-Pacific Partnership (TPP's) "secrecy" and the lack of transparency in a deal involving 12 nations accounting for 40% of the world economy.

The Guardian

Last month, HP stunned investors when it announced it was taking an $8.8bn charge against the $11.1bn it had paid for the British company it had bought from Lynch the year before, and said that over $5bn of that write-off stemmed from "accounting improprieties, disclosure failures and misrepresentations" – charges all denied by its ex-boss.

The Guardian - Tech

Four years ago in Cancún, Mexico, nations recognised the dangers of warming exceeding the 2C increase and more than 100 governments gave national pledges to reduce emissions, by 2020, accounting for more than 80% of the annual output of greenhouse gas pollution.

The Guardian

It comprises tens of thousands of pages detailing tax rulings for hundreds of companies, with many of those agreements secured by accounting firm PricewaterhouseCoopers.

The Guardian

However, BAE warned this week that 2012 earnings could be hit if an agreement is not reached with Saudi Arabia in the next two months Aerospace is the mainstay of BAE's UK operations and its 35,000 British employees, accounting for around 55% of British sales.

The Guardian - Business

By accounting for these differences this work also highlights that as vehicles become increasingly low carbon manufacturing emissions matter more and more.

The Guardian

"Small caps contributed particularly positively to performance, accounting for around 40% of performance, despite making up only 15% of the fund.

The Guardian - Money

Human-verified similar examples from authoritative sources

Similar Expressions

2 human-written examples

The Cambridge-educated software entrepreneur also said that HP had otherwise failed to give more detail as to how it had accounted for the write-off and that HP's filing was "now less clear" on how much of the charge was "being attributed to the alleged accounting issues, and how much to other changes in business performance and earnings projections".

The Guardian - Tech

"That provision is obviously an accounting requirement to ensure we can account for the work that needs to be done," she said, adding the figure was based on estimates of the cost in "current dollars".

The Guardian

Expert writing Tips

Best practice

Use the term "accounting" when referring to the systematic process of recording, summarizing, and analyzing financial transactions.

Common error

Avoid using "accounting" when you mean "accountability". "Accounting" refers to financial processes, while "accountability" refers to responsibility and answerability.

Linguistic Context

Accounting primarily functions as a noun, referring to the system or practice of recording and summarizing financial transactions. As seen in Ludwig, it describes the methods used to track financial activities within an organization.

Expression frequency: Very common

Frequent in

News & Media

35%

Formal & Business

35%

Science

30%

Less common in

Academia

0%

Encyclopedias

0%

Wiki

0%

Ludwig's WRAP-UP

In summary, "accounting" is a frequently used noun referring to the system of recording, summarizing, and analyzing financial transactions. Ludwig confirms its correct usage across diverse contexts, particularly in news, business, and finance. While grammatically sound and widely accepted, it's crucial to differentiate "accounting" from similar terms like "accountability". Its consistent presence in authoritative sources and professional environments underscores its importance in conveying financial information accurately.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

accountancy

A synonym, referring to the profession or practice of accounting.

financial record keeping

Focuses specifically on the record-keeping aspect of accounting.

financial reporting

Emphasizes the communication of financial information.

bookkeeping

Deals with the detailed recording of financial transactions.

auditing

The process of independently verifying financial records.

financial analysis

The evaluation of businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability.

financial management

Covers the broader aspects of managing an organization's finances.

cost accounting

Focuses on determining the cost of products or services.

tax accounting

Deals with the preparation and filing of tax returns.

managerial accounting

Provides financial information for internal use by managers.

FAQs

How is "accounting" used in financial contexts?

"Accounting" is used to describe the processes and methods used to record, summarize, and report a company's financial transactions, ensuring transparency and compliance.

What's the difference between "accounting" and "bookkeeping"?

"Accounting" is a broader field that includes analysis and interpretation of financial data, whereas "bookkeeping" is primarily focused on the recording of financial transactions.

What are some synonyms for "accounting" in a business setting?

In a business setting, synonyms for "accounting" include "financial reporting", "accountancy", and "financial record keeping" depending on the specific aspect being discussed.

When should I use "accounting" versus "auditing"?

Use "accounting" when referring to the overall system of managing finances. Use "auditing" when discussing the independent verification of financial records.