ac·count·ing
[uh-koun-ting] noun
1.
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).
2.
a detailed report of the financial state or transactions of a person or entity: an accounting of the estate.
3.
the rendering or submission of such a report.
