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Business Definition for: accountancy
Dictionary of Accounting Terms
accountancy

British term referring to the activities and theories comprising accounting including practice, research, and teaching. It includes the guidelines, principles, and procedures accountants are to follow in conducting their tasks. Accountants have legal and ethical responsibilities to their clients and public.

See also accounting
Dictionary of Business Terms
accountancy

theory and practice of ACCOUNTING.

Related Terms:
accounting

  1. umbrella term encompassing the multitude of disciplines including auditing, taxation, financial statement analysis, and managerial accounting. Accounting-related functions include financial accounting, cost accounting, not-for-profit accounting, and financial planning.
  2. process of recording, measuring, interpreting, and communicating financial data. The accountant prepares financial statements to reflect financial condition and operating performance. Also, the accounting practitioner renders personal accounting services to clients such as preparing personal financial statements and tax planning.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.
 Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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