Accounting has several subfields or subject areas, including financial accounting, management accounting, auditing, taxation and accounting information systems.

Oct 5, 2025 · Accounting tracks a company's finances, including what comes in, what goes out, and how it all balances. It helps business owners and investors track the company's performance over time, …

Accounting is known as the language of business. Through a series of steps known as accounting cycle, it gathers information about business transactions, and collates and summarizes them to generate …

Jun 12, 2024 · Accounting is the process of recording, classifying and summarizing financial transactions. It provides a clear picture of the financial health of your organization and its …

accounting, systematic development and analysis of information about the economic affairs of an organization.

Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become familiar with …

The accounting cycle is the holistic process of recording and processing all financial transactions of a company, from when the transaction

Sep 17, 2025 · Accounting is the process of recording, categorizing, and analyzing company transactions to generate financial statements and inform business decisions.

Jan 28, 2026 · Accounting is the systematic recordation of financial transactions, including setting up a record keeping system, transaction tracking, and creating financials.

May 12, 2023 · Accounting is the practice of tracking your business's financial data and interpreting it into valuable insights. This allows you to generate crucial financial statements, such as a balance...