Accounting
Part of speech: verb
Definition: To provide explanation.
Part of speech: noun
Definition: The development and use of a system for recording and analyzing the financial transactions and financial status of a business or other organization. A relaying of events; justification of actions.
Example sentence: Hunted for sport by the rich, then driven from large tracts of its natural habitat by agricultural and housing development, the giant panda deserves better than to be scrubbed from conservation's ledger books through false accounting.
Accountancy
Part of speech: noun
Definition: The function of compiling and providing financial information primarily by reports referred to as financial statements. Accounting includes bookkeeping, systems design, analysis and interpretation of accounting information.A company or organisation that performs such a function.