define accountancy.
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In the most basic sense, accountancy is the “profession or duties of an accountant,” according to the Oxford English Dictionary. This includes measuring, processing and communicating financial information, managing detailed financial records, preparing tax documents and keeping track of an entity's economic resources.
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Accountancy is the practice of recording, classifying, and reporting on business transactions for a business. It provides feedback to management regarding the financial results and status of an organization.
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