Accounting vs. Accountancy — What's the Difference?

Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.

One that keeps, audits, and inspects the financial records of individuals or business concerns and prepares financial and tax reports.

The practice or profession of maintaining the financial records of a business, including bookkeeping as well as the preparation of statements concerning the assets, liabilities, and operating results.

The function of compiling and providing financial information primarily by reports referred to as financial statements, including bookkeeping, systems design, analysis and interpretation of accounting information.

Present participle of account

A company or organisation that performs such a function.

(business) The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.

The art or employment of an accountant.

A relaying of events; justification of actions.

The occupation of maintaining and auditing records and preparing financial reports for a business

(law) An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them.

A convincing explanation that reveals basic causes;

A system that provides quantitative information about finances

The occupation of maintaining and auditing records and preparing financial reports for a business

A bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts

A statement of recent transactions and the resulting balance;