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Title: ACC 111 –Financial Accounting & Reporting
Description: This is an accounting topic for 1st-year college
Description: This is an accounting topic for 1st-year college
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ACC 111 – Financial Accounting and Reporting
Topic: Define Accounting
Accounting is the bridge of communication between business and its owners
...
This is considered as the language of business
...
Its
function is to provide quantitative information primarily financial in nature, about
economic entities that is intended to be useful in making economic decisions
...
Furthermore, Financial Accounting Standards Board (1978) defines that accounting is an
information system that measures, processes and communicates financial information
about an economic entity
...
Title: ACC 111 –Financial Accounting & Reporting
Description: This is an accounting topic for 1st-year college
Description: This is an accounting topic for 1st-year college