Difference between revisions of "Accounting"

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[[Accounting]] is 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 other relevant stakeholders including the government.
 
[[Accounting]] is 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 other relevant stakeholders including the government.
  
''Accounting'' can also be defined as the process of sorting and entering financial data into a bookkeeping system, as well as the finalizing of end of year accounts, producing financial statements and calculating tax payable often by a [[Certified Practicing Accountant]].
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''Accounting'' can also be defined as the process of sorting and entering financial data into a bookkeeping system, as well as the finalizing of end of year accounts, producing financial statements and calculating tax payable often by a [[Certified Public Accountant]].
  
  

Revision as of 11:38, 18 December 2018

Accounting is 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 other relevant stakeholders including the government.

Accounting can also be defined as the process of sorting and entering financial data into a bookkeeping system, as well as the finalizing of end of year accounts, producing financial statements and calculating tax payable often by a Certified Public Accountant.


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

Related coursework