The difference between Accountancy and Accounting
When used as nouns, accountancy means the function of compiling and providing financial information primarily by reports referred to as financial statements. accounting includes bookkeeping, systems design, analysis and interpretation of accounting information, whereas accounting means the development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
Accounting is also adjective with the meaning: of or relating to accounting.
check bellow for the other definitions of Accountancy and Accounting
-
Accountancy as a noun (uncountable, British, NZ, accounting):
The function of compiling and providing financial information primarily by reports referred to as financial statements. Accounting includes bookkeeping, systems design, analysis and interpretation of accounting information.
-
Accountancy as a noun (countable, accounting):
A company or organisation that performs such a function.
-
Accounting as a verb:
-
Accounting as a noun (accounting):
The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization.
-
Accounting as a noun:
A relaying of events; justification of actions.
Examples:
"He was required to give a thorough accounting of his time."
-
Accounting as an adjective:
Of or relating to accounting.
Examples:
"General accepted accounting principles"