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What is the definition of Accounting?

Online Accounting Courses


Accountants provide the information necessary to determine and evaluate the present and projected economic activities of organizations. They provide financial services to individuals, business entities, not-for-profit organizations, and government at all levels. Professional accountants develop and apply their skills in auditing, taxation, management policy, information systems, computer operations, and many other areas. Coursework includes the conceptual framework of accounting, including cash versus accrual accounting, the income statement and balance sheet, the time value of money, revenue recognition, statement of cash flows and full disclosure issues.

Definition of Accounting

Accounting is the systematic recording, reporting, and analysis of financial transactions of a business.