Accounting Facts
This video will help you to discover the facts of accounting and the beauty of being an accountant. It will help the accounting students be inspire and love accounting even more.
Accounting Definition and It's Importance
What is Accounting? Accounting is the process of recording and reporting business transactions and events as a basis in making economic decisions. Accounting is also a profession consisting of individuals having the formal education to carry out these tasks. It is very important that they know very well the process in order to maintain the accuracy and efficiency of the business organization. According to Committee on Accounting Terminology of the American Institute of Certified Public Accountants (AICPA), accounting is the art of recording, classifying and summarizing in a significant manner and in the terms of money, transactions and events which are in part at least of a financial character and interpreting the results thereof. For more details about accounting, please click the lin...
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