Accounted

The term 'accounted' is the past tense of the verb 'account'. It typically means to consider or regard in a specified way, or to provide an explanation or justification for something. In financial contexts, it refers to the process of keeping or checking financial records. It can also imply that something or someone has been taken into account or included in a calculation or list.

Accounted meaning with examples

• In the meeting, the manager reported that all expenses from the last quarter had been accounted for, ensuring no discrepancies in the financial statements and confirming the integrity of the company's fiscal practices. Transparency in accounting is crucial for maintaining investors' trust and regulatory compliance for any successful business.
• When planning for the upcoming project, the team accounted for potential risks that could threaten the timeline and budget, allowing them to devise strategies to mitigate these obstacles and ensure a smoother execution. This proactive approach is essential in project management as it helps in navigating uncertainties and achieving objectives.
• The historian accounted for various perspectives in her research, which enriched the narrative of the historical event and offered a more comprehensive understanding of the societal impacts, emphasizing the importance of multiple viewpoints in academic discourse and historical analysis.
• During the audit, the auditors confirmed that every transaction had been accounted properly, which underscored the effectiveness of the company's internal controls and reassured stakeholders that financial statements accurately reflected the company's operations and performance.
• The teacher accounted for the diverse learning styles in the classroom when designing the curriculum, which helped in accommodating students' individual needs and maximizing their engagement and understanding of the material, thereby enhancing their overall educational experience.