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

Oct 5, 2025 · Accounting is the process of tracking the income and expenses of a business or other organization. What Is Accounting? Accounting tracks a company's finances, including what comes in, …

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 …

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 …

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

The primary output of the financial accounting system is the annual financial statement. The three most common components of a financial statement are the balance sheet, the income statement, and the …

Feb 25, 2025 · Accounting is the process of recording, cataloging, analyzing and reporting a company’s financial transactions. Proper accounting allows a company’s management to better understand the …

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 …

Apr 13, 2023 · What is accounting and why does your business need it? Our guide outlines the different types, common tasks, and FAQs about accounting you need to know.