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 …

Some of the basic accounting terms that you will learn include revenues, expenses, assets, liabilities, income statement, balance sheet, and statement of cash flows. You will become …

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 …

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 …

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

Apr 13, 2023 · What is accounting and why does your business need it? Our guide outlines the different types, common tasks, and FAQs about accounting you need to know.