accounting system
4
3.1
- noun
- Specialized
:
sistema contable
- Accrual accounting systems are more common in libraries than cash accounting systems.
- accounting system implementation
- a new accounting system
- a cost accounting system
Examples
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Traditional accounting systems focus on the values of resources controlled by various parties, not the resources themselves.
Academic text (1996) -
The company recently upgraded its accounting system to improve financial reporting.
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The second basic institution of a market economy is the accounting system.
Academic text (1991) -
We have an incredibly complicated accounting system.
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The applications were mainly accounting systems run by financial services institutions.
Academic text (1992) -
The implementing team, consisting of designated individuals responsible for the new accounting system, was the focus of analysis.
Academic text (1990) -
Norway and France have established extensive resource-accounting systems to supplement their national income accounts.
Academic text (1992) -
Prior to FIS, numerous accounting systems operated in the company's divisions.
Academic text (1991) -
The company utilized a "cost-code" accounting system that itemized labor, materials, and other expenses to a department code.
Academic text (1999) -
CO-STAR was designed to facilitate the development of databases and management accounting systems (MAS) for cost management applications.
Academic text (1990)
Synonyms
199
3.2
Keeping and checking records and reports about a business's money
How Complex
Surface Forms
Morphology
The meaning is directly and transparently derived from combining 'accounting' (financial record-keeping) with 'system' (a set of rules or procedures): it denotes the organised set of methods for accounting. This noun+noun compositional pattern is common cross‑linguistically and follows standard English compounding, so a B1 learner who knows both constituents will readily infer the MWE meaning.
Etymology
Accounting system comes from the simple image of a shopkeeper writing numbers in a book: accounting means keeping a record of money and system means an organized way of doing it. That's why the phrase now means 'a way to record and track a business's money'.