Monday, June 15, 2009

my AccountIng cOurse....



Accountancy or accounting is the art of communicating financial information about a bussiness entity to users such as shareholders and manager.. The communication is generally in the form of financial statement that show in money terms the economic resources under the control of management....
Such financial information is primarily used by lenders, managers,investor,tax, authorities, and other decision makers to make resource allocation decisions between and within companies,organization, and public agencies. It involves the process of recording, verifying, and reporting of the value of assets, liabilities, income, and expenses in the books of account (ledger) to which debit and credit entries (recognizing transection) are chronologically posted to record changes in value (see bookeeping). Accounting has also been defined by the AICPA as "The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results there of...

1 comment:

  1. wow! ana kaya laaa... i like to the see the picture of the money. money symbolize power. hahahahahahahahahahahahahahahahahahahahahaha

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