The definition of accountancy is the act of being in a professional field called "accounting," which involves keeping track of financial records and doing taxes.
An example of the word accountancy is a firm like Arthur Anderson which provides accounting functions for a big corporation.
the keeping or inspecting of commercial accounts; work of an accountant
(countable and uncountable, plural accountancies)
- (uncountable, UK, New Zealand, 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.
account + -ancy