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, …

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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 …

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

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 …

Nov 19, 2025 · Accounting is the practice of recording and reporting on business transactions. It involves transaction record keeping and financial reporting.