accounting

== English == === Etymology === First attested in the late 14th century. account +‎ -ing === Pronunciation === IPA(key): /əˈkaʊn.tɪŋ/ === Verb === accounting present participle and gerund of account === Noun === accounting (usually uncountable, plural accountings) (business) The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business. A relaying of events; justification of actions. (law) An equitable remedy requiring wrongfully obtained profits to be distributed to those who deserve them. 2020, Liu v. SEC (U.S. Supreme Court No. 18-1501), Justice Thomas dissenting: In contrast, an accounting for profits, or accounting— a distinct form of relief that the majority groups with disgorgement — has a well-accepted definition: It compels a defendant to account for, and repay to a plaintiff, those profits that belong to the plaintiff in equity. ==== Derived terms ==== ==== Translations ==== === See also === accountancy