Accounting is the recording of financial transactions along with storing, sorting, retrieving, summarizing, and presenting the results in various reports and analyses. Accounting is also a field of study and profession dedicated to carrying out those tasks. Examples of Financial Accounting One part of...
Everyprofit-seekingbusinessorganizationthathaseconomicresources,suchasmoney,machineryandbuildings,usesaccountinginformation.Forthisreason,accountingisregardedtothelanguageofbusiness.每一个拥有货币、机器和建筑物等经济资源的营利性组织，都要使用会计信息。因此，会计被称为商业语言。Otherwise，accountingalsoservesfornot-...
Accounting is commonly known as the "language of business". It is a means through which information about a business entity is communicated. Through the financial statements –the end-product reports in accounting – it delivers information to different users to help them in making decisions....
Definition:Accounting is the process of identifying and recordingbusiness eventsas well as presenting and communicating this financial information to end-users in a meaningful way. In other words, accounting is more than just recording the debits and credits of transactions. ...
英语翻译What is Accounting?Accounting is an information science used to collect,classify,and manipulate financial data for organizations and individuals.Accounting is instrumental within organizations as a means of determining financial stability.Accountants are responsible for determining an organization’s ove...
To understand and use accounting information, we need to understand: Paragraph 1 会计是识别,计量和传递经济信息的过程,目的是使信息的使用者能够在获得充分信息的基础上,做出判断及决策。这些信息主要是财务性的,并以货币形式表述。 communicate: convey 他负责传送新资料。 He is in charge of communicating ...
Reporting revenues in the period in which they are earned is known as the accrual basis of accounting. Hence, a company’s revenue could occur before the cash is received, after the cash is received, or at time that the cash is received. (Note that for income tax reporting, smaller ...
What language of Accounting does the government use? What language of Accounting do Investors use? What language of Accounting do internal users employ?Accounting is the Language of BusinessEvery business organization that has economic resources, such as money, machinery, and buildings, uses accounting...
Firstly the role of accounting is to record business transactions in a systematic way, for instance recording the amount of sales made to customers by John Lewis. This is done by the business to keep the records accurate and updated as well. If bookkeeping is done incorrectly, this will resu...
An accounting system may be a manual system, a semi-mechanical system, or an electronic computer system. The study of the more recent developments in accounting systems, such as electronic systems, or computer systems, is especially interesting in regard to...