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Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations.
- Accounting Standards
Accounting standards prescribe in considerable detail what...
- Cost Accounting
Cost accounting is defined by the Institute of Management...
- Economic Entity
In accounting, an economic entity is one of the assumptions...
- Double-Entry Bookkeeping
Double-entry bookkeeping, also known as double-entry...
- Management Accounting
One simple definition of management accounting is the...
- Financial Accounting
Financial accounting is a branch of accounting concerned...
- Accounting Information System
An accounting information system (AIS) is a system of...
- History of Accounting
The history of accounting or accountancy can be traced to...
- Basis
v. t. e. A basis of accounting is the time various financial...
- Accounting Standards
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Accounting or accountancy is the job of sharing financial information about a business to managers and shareholders or owners. Accounting is often called the "language of business". Accountants are people who do accounting, and also carry out the auditing or checking of a company's books and records.
Generally Accepted Accounting Principles (GAAP or U.S. GAAP or GAAP (USA), pronounced like "gap") is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC) and is the default accounting standard used by companies based in the United States.
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