Difference between revisions of "Accounting"
(→Definitions) |
|||
| Line 3: | Line 3: | ||
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Accounting]]. | + | :[[Accounting]]. A system that measures the business' activities in financial terms, provides written reports and financial statements about those activities, and communicates these reports to decision makers and others. |
==Related concepts== | ==Related concepts== | ||
Revision as of 15:35, 15 December 2018
Accounting is
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Accounting. A system that measures the business' activities in financial terms, provides written reports and financial statements about those activities, and communicates these reports to decision makers and others.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
