Document Type : Review article
Author
Kharazmi University
Abstract
Accounting is the measurement, processing, and communication of financial and nonfinancial information about economic entities such as businesses and corporations. Accounting, which is called the "language of business," measures the results of an organization's economic activities and communicates this information to various users, including investors, creditors, management, and regulators.
Accounting involves processes such as collecting information, recording and classifying information, and summarizing it. The accountant also prepares financial reports. By doing these tasks and organizing this information, the accountant ensures that the people related to that organization, such as vice presidents and managers or tax inspectors, can refer to and use this information.
In short, accounting can be considered a sub-branch of economics. If economics is generally considered the science of maximum utilization of minimal resources, accounting is the process of calculating the profit of an activity, calculating the resources or benefits of inputs and outputs in individual, partnership, or government activities.
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