Posts Tagged ‘Facts’
Accounting is basically the process of presenting or communicating financial information of a business entity to share holders and managers. This information is presented through financial statements, wherein the company’s resources are itemized to paint a clear picture of the entity’s economic status and stability.
Accountancy is an integral tool that aids a company’s management in analysing the factors that lead to a business’ success or failure. An accountant is the person in charge of keeping financial records and producing the reports needed to assess the company’s financial situation.