/əˈkaʊntɪŋ/ – Verb
Definition: 1. làm báo cáo, giải trình;
2. nghiệp vụ kế toán, thống kê kế toán, hạch toán.
A more thorough explanation: Accounting is the systematic process of recording, classifying, summarizing, and analyzing financial transactions of an entity. It provides information that is used by management, investors, creditors, and other stakeholders to make informed decisions.
Example: The company’s accounting department is responsible for preparing the annual financial statements.