accounting vs financial statement
financial statement vs accountingaccounting and financial statement both are nouns.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| accounting | Yes | No | No | No |
| financial statement | Yes | No | No | No |
As nouns,
financial statement is a hypernym of
accounting; that is, financial statement is a
word with a broader meaning than accounting:
- accounting: a statement of recent transactions and the resulting balance
- financial statement: a document showing credits and debits
Other hypernyms of accounting include
statement.
| accounting (noun) | financial statement (noun) |
|---|---|
| the occupation of maintaining and auditing records and preparing financial reports for a business | a document showing credits and debits |
| a system that provides quantitative information about finances | |
| a convincing explanation that reveals basic causes | |
| a statement of recent transactions and the resulting balance | |
| a bookkeeper's chronological list of related debits and credits of a business; forms part of a ledger of accounts |
Words related to "accounting"
- account
- account book
- account statement
- accountancy
- accounting entry
- accounting system
- accrual basis
- audit
- audited account
- balance
- balance of international payments
- balance of payments
- book
- book of account
- bookkeeping
- business
- capital account
- carry forward
- carry over
- cash basis
- clerking
- control account
- cost accounting
- credit side
- current account
- debit
- debit side
- declining balance method
- declining balance method of depreciation
- entry
- expense account
- explanation
- financial statement
- good will
- goodwill
- internal control
- inventory
- inventory accounting
- job
- ledger
- ledger entry
- leger
- limited review
- line
- line of work
- method of accounting
- occupation
- pooling of interest
- profit and loss
- profit and loss account
- register
- review
- statement
- straight-line method
- straight-line method of depreciation
- suspense account
- system
- system of rules
- travel and entertainment account
- unbalanced
- unearned income
- unearned revenue
- write-down
- write-off
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