Bookkeeping, Accounting, and Accountancy Many of us try to use the same meaning in bookkeeping, accounting, and accountancy. However, bookkeeping, accounting, and accounting are not identical and cannot be used …
Read moreRelation among Bookkeeping, Accounting, and Accountancy
Three Accounting Activities Every day numerous events occur in our lives. Economic events are visible in private, institutional spheres in every area of society. The number of such events is …
Accounting has a relationship with the environment and society. Accounting is not only used for profit acquisition. It also contributes to society and the environment in addition to profit-making, so …
Read moreHow Does Accounting Create Relationship with the Environment and Society?
Father of Accounting The history of accounting has been thousands of years long. Many individuals have contributed to accounting development. The famous Italian mathematician Luca Pacioli is called the father …
Accounting is Called an Information System The accounting information system gathers and manages transaction data, and provides decision makers with financial information. It includes every phase of the accounting cycle. …
How Does Financial Accounting differ from Management Accounting? In this article, we are going to learn what is the difference between Financial Accounting and Management Accounting? Let’s start The differences …
Read moreDifference between Financial Accounting and Management Accounting
What is Accounting Information? Accounting is known as an information system. Accounting provide the necessary information to the interested users. Thinking about the internal and external users of accounting, reports …
“Accounting is called the Language of Business” Why is accounting called the language of business before we discuss it, we first need to learn what the language is? Language is …
