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 recording the financial transactions of a company or other organization so that they can be reviewed by regulators and tax authorities.

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 …

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 …

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 20, 2025 · Accounting is the systematic recordation of financial transactions, including setting up a record keeping system, transaction tracking, and creating financials.

Our Visual Tutorials break down complex accounting concepts into simple, easy-to-follow steps. Perfect for people who get overwhelmed by jargon-filled textbooks.

The main goal of accounting is to accurately record and report an organization’s financial performance. Accounting can be classified into two categories – financial accounting and managerial accounting.