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Accounting is the process of recording the financial transactions of a company or other organization so that they can be reviewed by regulators and tax authorities.
This comprehensive explanation introduces fundamental accounting concepts through a narrative approach following Joe Perez as he starts Direct Delivery, Inc., a parcel delivery business. The explanation systematically builds understanding from basic financial statements (income statement, balance sheet, statement of cash flows) through the double-entry accounting system, chart of accounts, and ...
Accounting is the process of recording and categorizing company transactions to analyze and report on them. Learn how accounting informs business decisions and activities.
accounting, systematic development and analysis of information about the economic affairs of an organization. This information may be used in a number of ways: by a firm’s managers to help them plan and control ongoing operations; by owners and legislative or regulatory bodies to help them appraise the organization’s performance and make decisions as to its future; by owners, lenders ...