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Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
The following outline is provided as an overview of and topical guide to accounting: . Accounting – measurement, statement or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies.
Generally Accepted Accounting Principles (GAAP) [a] is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC), [1] and is the default accounting standard used by companies based in the United States.
The Chartered Institute of Management Accountants (CIMA) is the global professional management accounting body, based in the United Kingdom. CIMA offers training and qualification in management accountancy and related subjects. It is focused on accountants working in industry and provides ongoing support and training for members.
[Read more: 10 Free Accounting Tools for Your Small Business] This article was originally written by Sean Peek. CO— aims to bring you inspiration from leading respected experts.
This statement best demonstrates the basic accounting equation: Assets = Liabilities + Equity The statement can be used to help show the financial position of a company because liability accounts are external claims on the firm's assets while equity accounts are internal claims on the firm's assets.
This is done through a platform that facilitates hosting of all the courses, taught in classrooms from Class 9 till post-graduation. All the courses are interactive and free of cost to any learner. Nine national co-coordinators are appointed, which also includes NPTEL, i.e., course work by Indian engineering institutes headed by IIT Madras. The ...
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