account

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account

1. 
a. a regular client or customer, esp a firm that purchases commodities on credit
b. an area of business assigned to another
2. on account
a. on credit
b. as partial payment
3. settle or square accounts with to pay or receive a balance due

account

An established relationship for some purpose such as identifying a user on a computer or making financial transactions. See user account, guest account and account number.
References in periodicals archive ?
Taxpayers not currently accounting for line pack and cushion gas under this guidance may automatically change to a method consistent with the holding in Rev.
97-27, the ERS has set forth revised procedures that a taxpayer must employ in order to obtain the consent of the Commissioner to a change in a method of accounting for federal income tax purposes.
If the parent hedges only a portion of its net investment in a subsidiary, it may be able to structure hedges of other same-currency exposures while accounting for that portion as an equity hedge.
Lotus 1-2-3 revolutionizes accounting for small and midsize businesses.
In addition to the issues described above, the accounting for stock options in business combinations and accounting for the income tax effect of stock options are being clarified.
In Notice 96-30,(23) the IRS provided automatic consent procedures for all not-for-profit organizations described in section 501(c), which were compelled to adopt Statement of Financial Accounting Standard 116, to change their method of accounting for contributions.
The impact of the new accounting in year two is an increased expense of $450,000 ($400,000 from the change in accounting for dividends plus $50,000 from using fair value).
FASB considered accounting for business combinations and the treatment of goodwill and other intangibles, starting in 1996, and issued its ED in September 1999.
446-1(e)(2)(ii)(a) provides that a change in method of accounting includes a change in the overall plan of accounting for income or deductions or a change in the treatment of any material item used in that overall plan that involves the proper time for including an item in income or taking a deduction.
After years of prodding by a somewhat frustrated business community, the Financial Accounting Standards Board in 1992 launched a project on hedge accounting and accounting for derivatives and synthetic instruments.
The Statement applies to all voluntary changes in accounting principle, and changes the requirements for accounting for and reporting of a change in accounting principle.
FASB is now debating whether to eliminate pooling as a method of accounting for mergers and acquisitions.