accounting department meaning, accounting department definition | English Cobuild dictionary

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accounting

  

      n  
a    the skill or practice of maintaining and auditing accounts and preparing reports on the assets, liabilities, etc., of a business  
b    (as modifier)  
an accounting period, accounting entity     


acquisition accounting  
      n   an accounting procedure in which the assets of a company that has recently been taken over are changed from the book value to the fair market value  
cost accounting  
      n   the recording and controlling of all the expenditures of an enterprise in order to facilitate control of separate activities,   (Also called)    management accounting  
  cost accountant      n  
current-cost accounting  
      n   a method of accounting that values assets at their current replacement cost rather than their original cost. It is often used in times of high inflation  
   Compare       historical-cost accounting  
historical-cost accounting  
      n   a method of accounting that values assets at the original cost. In times of high inflation profits can be overstated  
   Compare       current-cost accounting  
management accounting  
      n      another name for       cost accounting  
national accounting  
      n      another name for       social accounting  
social accounting  
      n   the analysis of the economy by sectors leading to the calculation and publication of economic statistics, such as gross national product and national income,   (Also called)    national accounting  
English Collins Dictionary - English Definition & Thesaurus  
Collaborative Dictionary     English Definition
exp.
business operating in a "real world" not on the internet : like a department store, a car manufacturer
see : click and mortar : a business that combine new technologies and traditional business
exp.
(in an organization) set up a more informal structure/workflow/environment; give up on communication protocols between departments
[Bus.]

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"Collins English Dictionary 5th Edition first published in 2000 © HarperCollins Publishers 1979, 1986, 1991, 1994, 1998, 2000 and Collins A-Z Thesaurus 1st edition first published in 1995 © HarperCollins Publishers 1995"