The biggest factor in stopping distances is the speed at which a driver reacts to seeing the hazard in question. Under ordinary driving conditions, very few drivers indeed can get onto the brakes within half a second, and two-thirds of a second to a full second is more typical.2.
Wiktionary(0.00 / 0 votes)Rate this definition: accountancy(Noun) 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.
DEFINITION of 'Accounting Cycle'. The name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements.The nine steps of the accounting cycle are: 1  Collecting and analyzing data from transactions and events.he name given to the collective process of recording and processing the accounting events of a company. The series of steps begin when a transaction occurs and end with its inclusion in the financial statements. The nine steps of the accounting cycle are: