Accounting refers to a bookkeeping method that records how funds are paid and received for an individual or business. Accounting processes financial information such that it may be summarized into reports and statements that reflect financial conditions and operating performance. Concise and consistent accounting helps management make accurate decisions.

Accounting may include a multiple of disciplines, including auditing, taxation, budgeting, financial statement analysis and managerial accounting.

Related Words

* CPA
* Cookie jar accounting
* Cooking the books
* Generally Accepted Accounting Principles
* Annual report