UK Accounting Glossary
The process of identifying, measuring and communicating financial information about an entity to permit informed judgements and decisions by users of the information.
Accounting (ACCG) definition: A systematic way of recording and reporting financial transactions for a business or organisation.
Accounting is practice and body of knowledge primarily concerned with:
It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm’s assets, liabilities and owners’ equity.
Accounting provides information on the:
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Definitions for Accounting are sourced/syndicated from:
This glossary post was last updated: 23rd December 2018.