Accounting
The work of identifying, recording, summarizing, and communicating a business's financial transactions.
Accounting produces the record. It answers what happened, in numbers a reader who was never in the building can check.
Often Confused With
- Financial Management
- Accounting records and reports the numbers; financial management decides what to do about them.
Taught In
See Also
3.3.A.3 · 3.3.B.1