what is accountancy please tell any
Answers
Answer:
please mark brainlist
Explanation:
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.
Answer:
Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations.
Explanation:
Terminology
Basic Accounting Terms
Accounts Payable. Accounts payable refers to the money a business owes to its suppliers, vendors, or creditors for goods or services bought on credit. ...
Accounts Receivable. ...
Accounting Period. ...
Accruals. ...
Accrual Basis Accounting. ...
Assets. ...
Balance Sheet. ...
Capital.
Future
Accounting's future is bright, with a projected 10% increase in accountant and auditor employment between 2016 and 2026, according to the U.S. Bureau of Labor Statistics (BLS). Not only does the future of the accounting profession look promising, but the industry is also rapidly evolving with the rise of technology..
Formula
Also known as the balance sheet equation, the accounting equation formula is Assets = Liabilities + Equity. This equation should be supported by the information on a company's balance sheet
Math
Math Courses in an Accounting Curriculum
As an accounting student, you might have to take a course in algebra or precalculus as well as an applied calculus or business calculus class. Coursework in statistics can also be important, especially for teaching accounting students how to analyze financial data.