Jun 11, 2014 · Accounting definition, 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). See more. 15 rows · Looking for online definition of CUM or what CUM stands for? CUM is listed in the World's .
What is a compilation? Definition of Compilation. A compilation refers to a company's financial statements that have been prepared or compiled by an outside accountant.. A compilation is usually part of an accounting firm's write-up service. With compilations, or compiled financial statements, the outside accountant converts the client's data into financial statements without providing any. Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.The modern field was established by the Benedikt Kotruljevic in 1458 , (Italian: Benedetto Cotrugli; 1416–1469) merchant, economist, scientist, diplomat and humanist from Dubrovnik (Croatia), and.
Definition of accounting: Practice and body of knowledge concerned primarily with methods for recording transactions, keeping financial records, performing internal audits, reporting and analyzing financial information. Accounting definition is - the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results; also: the principles and procedures of this system. How to use accounting in a sentence.