![]() ![]() The terms "accounting" and " financial reporting" are often used as synonyms.Īccounting can be divided into several fields including financial accounting, management accounting, external auditing, tax accounting and cost accounting. Practitioners of accounting are known as accountants. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. ![]() Accounting or accountancy is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. ![]()
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