accounting

     

Accountancy (profession) or accounting (methoology) is the measurement, statement or provision of assurance about financial information primarily used by managers, investors, tax authorities and other decision makers to make resource allocation decisions within companies, organizations, and public agencies. The terms derive from the use of financial accounts.

Trivia about accounting

  • Due in part to scandals at Enron & WorldCom, the Sarbanes-Oxley Act of 2002 sought to reform this profession