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Accounting: Difference between revisions
Definition of Accounting inserted as a quote attributed to wikipedia
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{{Q|'''[[w:Accounting|Accounting]]''' ( verb ) or '''accountancy''' ( noun ) is the process of communicating [[w:financial information|financial information]] about a [[w:business entity]] to users such as [[w:shareholders|shareholders]] and [[w:manager|manager]]s.|Wikipedia|[[w:accounting|accounting]]}} | |||
== Accounting for a New Business 1 == | == Accounting for a New Business 1 == | ||
=== Definition of accounting and accountacy === | === Definition of accounting and accountacy === | ||
::'''[[w:Accounting|Accounting]]''' ( verb ) or '''accountancy''' ( noun ) is the process of communicating [[w:financial information|financial information]] about a [[w:business entity]] to users such as [[w:shareholders|shareholders]] and [[w:manager|manager]]s.The communication is generally in the form of financial statements that show in money terms the economic resources under the control of [[w:management|management]]; the art lies in selecting the information that is relevant to the user and is reliable. | ::'''[[w:Accounting|Accounting]]''' ( verb ) or '''accountancy''' ( noun ) is the process of communicating [[w:financial information|financial information]] about a [[w:business entity]] to users such as [[w:shareholders|shareholders]] and [[w:manager|manager]]s. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of [[w:management|management]]; the art lies in selecting the information that is relevant to the user and is reliable. | ||
::The principles of accountancy are applied to business entities in three divisions of practical art, named | ::The principles of accountancy are applied to business entities in three divisions of practical art, named | ||