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Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities like businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the 'language of business', measures the results of an organization's economic activities and conveys Accounting can be divided into several fields including financial accounting, management accounting, external auditing, tax accounting and cost accounting.[6] Accounting information systems are designed to support accounting functions and related activities. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to external users of the informa Toggle News



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