1. Definition of Accounting
As it is pointed out by Dyson (1994), the growth of a monetary system enabled more sophisticated methods to be developed. ... In 1966 the American Accounting Association defined accounting as "the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by users of the information". ... If we combine all of the definitions of accounting, we end up with the definition that accounting is "an information system that measures, processes and communicates financial information about an identifiable economic entity", as described by Anderson...
- Word Count: 1977
- Approx Pages: 8
- Grade Level: Undergraduate