what is accounting
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Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities[1][2] such as businesses and corporations. Accounting, which has been called the "language of business",[3] measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators.[4] Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
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ACCOUNTING OR ACCOUNTANCY IS THE MEASUREMENT, PROCESSING, AND COMMUNICATION OF FINANCIAL AND NON FINANCIAL INFORMATION ABOUT ECONOMIC ENTITIES SUCH AS BUSINESSES AND CORPORATIONS.
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