Accountancy
/əˈkaʊntənsi/
nounIntermediateVery CommonBusiness
Meaning
Question
Definitions
1
The professional practice of maintaining, auditing, and reporting on financial accounts.
/əˈkaʊntənsi/
nounneutralIntermediate
Business
The profession or business of maintaining and inspecting financial accounts.
She decided to pursue a career in accountancy.
More Examples
2
The accountancy firm handles the financial records for several large corporations.
How It's Used
Business
"The company's accountancy department is responsible for preparing financial reports."
Late 15th century from Old French contabilite, from Late Latin computare 'to reckon' (see compute).
Accountancy originated as a response to the growing complexity of mercantile trade in medieval Europe and has since developed into a recognized profession with international standards.
Memory tip
Think of someone 'counting' money accurately and diligently.
Practice
acountancyaccountancie
Usage
30%Spoken
70%Written