Accounting

Measurement, processing and communication of financial information about economic entities

Accounting, also known as accountancy, is the process of recording, processing and analyzing information about economic entities, such as businesses and corporations. Accounting measures and analyzes the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably.

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