accounting system Meaning in the Cambridge English Dictionary

Meaning of “accounting system” in the English Dictionary

"accounting system" in Business English

See all translations

accounting systemnoun

uk   us   ACCOUNTING
[C] a particular way in which a ​company or ​organizationrecords and ​reports its ​financialinformation: Your ​accountingsystemneeds to be ​designed to ​trackcosts and ​monitor all ​companytransactions.
[S] the set of ​principles and ​methods used by ​organizations for ​recording and ​reportingfinancialinformation: The ​financialaccountingsystem was historically well ​established before the ​concept of ​costaccounts was ​introduced.
[C] a ​computerprogram or set of ​computerequipment and ​software that is used for ​keepingaccounts: Management circumvented the company's ​internalaccountingcontrols by ​overriding the company's ​computerizedaccountingsystem. You can ​purchase accountingsystemsoftware for as little as $100.
(Definition of accounting system from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of accounting system?
Add Cambridge dictionaries to your browser to your website

“accounting system” in Business English

Word of the Day

all or nothing

relates to doing something either completely or not at all

Word of the Day

There is no such thing as a true synonym in English. Discuss!
There is no such thing as a true synonym in English. Discuss!
by Kate Woodford,
November 25, 2015
In the Cambridge Advanced Learner’s Dictionary the word ‘synonym’ is defined as ‘a word or phrase that has the same or nearly the same meaning as another word or phrase in the same language’. As you might expect, definitions for this word are broadly similar in other dictionaries and yet the italicized

Read More 

climatarian adjective
climatarian adjective
November 23, 2015
choosing to eat a diet that has minimal impact on the climate, i.e. one that excludes food transported a long way or meat whose production gives rise to CO2 emissions Climate change is not normally on people’s minds when they choose what to have for lunch, but a new diet is calling for

Read More