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  2. accounting vs financials

different between accounting vs financials

accounting

English

Etymology

  • First attested in the late 14th century.
  • account +? -ing

Pronunciation

  • IPA(key): /?.?ka?n.t??/

Verb

accounting

  1. present participle of account

Noun

accounting (usually uncountable, plural accountings)

  1. (business) The development and use of a system for recording and analyzing the financial transactions and financial status of an individual or a business.
  2. A relaying of events; justification of actions.
    He was required to give a thorough accounting of his time.
  3. (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

Adjective

accounting (not comparable)

  1. Of or relating to accounting.

See also

  • accountancy

accounting From the web:

  • what accounting do
  • what accounting jobs pay the most
  • what accounting standards are used in usa
  • what accounting courses are required for cpa
  • what accounting jobs are there
  • what accounting firms do
  • what accounting week is it
  • what accounting certifications are available

financials

English

Noun

financials pl (plural only)

  1. (accounting, business) Financial statements.
  2. (business, finance) Financial institutions, as a group, such as banks and insurance companies.
    Financials generally pay high dividends.

Hyponyms

  • balance sheet
  • income statement
  • profit and loss

Translations

Related terms

  • finance
  • financial

financials From the web:

  • what financials are needed for a commercial lease
  • what financials to include in a pitch deck
  • what financials are needed for a business plan
  • what financials to look at when buying a stock
  • what financials to look at when buying a business
  • what financials should i look for when buying a business
  • what financials to ask for when buying a business
  • what financials are required to commence the business
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