Accounting is the process of managing and analyzing financial information. It involves recording, summarizing, and reporting financial transactions to understand an organization's economic activities. As a subject, accounting provides essential knowledge for interpreting financial data, making informed decisions, and ensuring effective financial planning in both businesses and personal finance.
Accounting is the process of managing and analyzing financial information. It involves recording, summarizing, and reporting financial transactions to understand an organization's economic activities. As a subject, accounting provides essential knowledge for interpreting financial data, making informed decisions, and ensuring effective financial planning in both businesses and personal finance.