Accounting - Definition

It is a systematic recording, analysing and reporting, of financial transactions of a business. It refers to a bookkeeping method that records how funds are paid and received for an individual or business entity. It may be summarized into reports and statements that help to reveal financial conditions and operating performance. Concise and consistent accounting helps management make accurate decisions.

Terms near "Accounting"

Accounting Currency

Accounting equation

Accounts payable

Accounts receivable

Accounts receivable aging

Accounts receivable financing

Accounts receivable turnover

Accredited investor

Accredited Personal Financial Planning Specialist

Accreted value