Accounting Dictionary - Accounting Terms & Definitions
A: Accounting
Accounting is a system, including theory, concepts, techniques and procedures, which are used to process financial data and get information for reporting, planning, control, decision making and other purposes.
Also we can call Accounting as a system, the essence of which is a process of recording, classifying, reporting and interpreting financial data of a business.
So result of Accounting is financial data expressed in monetary means to be used for decision making by the users of such financial data.
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