<p><strong>Noun</strong></p><ul><li>The theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc. (bookkeeping).</li><li>A detailed report of the financial state or transactions of a person or entity: an accounting of the estate.</li><li>The rendering or submission of such a report.</li></ul>