Accounting is the process of recording, summarizing, analyzing, and interpreting financial transactions and information of a business, organization, or individual. It provides a systematic way to track the flow of money and assets, enabling stakeholders to make informed financial decisions. The primary purpose of accounting is to provide accurate and relevant financial information to different users, including management, investors, creditors, regulators, and other interested parties.
What is the job description of an accountant?
The job description of an accountant is to record, analyze, and interpret financial transactions and information for businesses or individuals.
What are the 4 types of accounting?
The four types of accounting are:
1. Financial Accounting
2. Managerial Accounting
3. Tax Accounting
4. Forensic Accounting