Accounting is often called the language of business. The basic function of any lan-guage is to serve as a means of communication. In this context, the purpose of ac-counting is to communicate or report the results of business operations and its various aspects. Though accounting has been defined in various ways. According to one commonly accepted definition. "Accounting is the art of recording, classifying and summarising in a significant manner and in terms of money, transactions and events which are; in part at least, of financial character and interpreting the results thereof'. Another definition which is less restrictive interprets accounting as "The process of identifying, measuring and communicating economic information to permit informed judgements and decisions by the users of information
discuss brifly various types of accounting packages along with their functions
discuss the objective of business
Discuss; there is no one universally accepted accounting theory.
difine the nature and scope of management accounting?
The variation in accounting disclosure and reporting practices.
discuss brifly various types of accounting packages along with their functions
What are the processes, types and functions of health communication
Define 'Accounting' Distinguish between Financial Accounting and Management Accounting
I think the accounting statement indicates that accounting is merely a tool, or a means, for measuring and determining the state of a business. Accounting is not an end in and of itself. Accounting doesn't define a business' purpose or goal. It's strategy and financing of a business plan that is actually the main purpose.
discuss the objective of business
Discuss; there is no one universally accepted accounting theory.
accounting functions
The 5 major functions of accounting are recording, classification, analysis and Interprets, Communication and Summarizing. These functions defines the accounting profession.
difine the nature and scope of management accounting?
They are set of accepted accounting standards and general rules.
enumerate and define the fields of accounting and the sub category
Discuss goals and functions of the financial manager to board director?