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Accountancy vs Accountability - What's the difference?

accountancy | accountability |

As nouns the difference between accountancy and accountability

is that accountancy is 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 while accountability is the state of being accountable; liability to be called on to render an account; accountableness; responsible for; answerable for.

accountancy

English

Noun

(wikipedia accountancy)
  • (uncountable, British, NZ, accounting) 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.
  • (countable, accounting) A company or organisation that performs such a function.

    • accountability

    English

    (wikipedia accountability)

    Noun

    (en-noun)
  • The state of being accountable; liability to be called on to render an account; accountableness; responsible for; answerable for.
  • *
  • (military) The obligation imposed by law or lawful order or regulation on an officer or other person for keeping accurate record of property, documents, or funds. The person having this obligation may or may not have actual possession of the property, documents, or funds. Accountability is concerned primarily with records, while responsibility is concerned primarily with custody, care, and safekeeping. (JP 1-02 Department of Defense Dictionary of Military and Associated Terms)

    • Usage notes

    * , page 3

    Synonyms

    * accountableness

    See also

    * responsibility

    References