Well, if you want to define accounting in an alternate universe, you can define it that way. However, if you want to describe accounting as it is done, it is utterly wrong. Doing this will bite you once you read other sources on accounting, talk to accountants, the tax office, etc.

From my experience, if you're doing accounting beyond a hobby, you likely want to follow whatever GAAP (generally accepted accounting practices), and likely need to consult references for how specific cases are represented. If you then don't use the same language and conventions as everyone else, it's just even more of a pain than it is.

My experience here is that I was with a large audit company, albeit as an actuary rather than an accountant. I did have the opportunity to dig quite deep accounting records of insurance companies there. Now I own an incorporated company and do my own accounting and taxes (with GnuCash for accounting, even if I hand-rolled reporting for XBRL export and all).