Accountancy: meaning, definitions and examples
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accountancy
[ əˈkaʊntənsi ]
field of study
Accountancy is the field of study and practice concerned with the measurement, processing, and communication of financial information about economic entities. It involves various functions such as auditing, bookkeeping, and financial reporting. The primary purpose of accountancy is to provide relevant financial information to stakeholders.
Synonyms
accounting, bookkeeping, financial reporting
Examples of usage
- She graduated with a degree in accountancy.
- The company hired a firm specializing in accountancy services.
- Accountancy is crucial for proper financial management.
- His career in accountancy led to a promotion.
Translations
Translations of the word "accountancy" in other languages:
🇵🇹 contabilidade
🇮🇳 लेखाकर्म
🇩🇪 Buchhaltung
🇮🇩 akuntansi
🇺🇦 бухгалтерія
🇵🇱 księgowość
🇯🇵 会計学
🇫🇷 comptabilité
🇪🇸 contabilidad
🇹🇷 muhasebe
🇰🇷 회계
🇸🇦 محاسبة
🇨🇿 účetnictví
🇸🇰 účetníctvo
🇨🇳 会计
🇸🇮 računovodstvo
🇮🇸 reikningshald
🇰🇿 бухгалтерлік есеп
🇬🇪 ბუღალტრული აღრიცხვა
🇦🇿 mühasibat
🇲🇽 contabilidad
Word origin
The term 'accountancy' derives from the Old French word 'acomptare', which means 'to reckon, calculate, account'. It evolved in the 17th century to describe the profession that deals with financial reporting and accountability. The roots of accountancy can be traced back to ancient civilizations such as the Mesopotamians, who used simple bookkeeping methods for trade and taxation purposes. Over the centuries, the discipline has grown and adapted to changing economic conditions and regulatory environments, leading to the formal establishment of accounting standards and practices.