Riaz Academy
ACCOUNTING: A BUSINESS
LANGUAGE
LANGUAGE
Accounting is a language, a system
that communicates information. It is
often referred to as the language of the business, although it is just as important
in the operation of government agencies, clubs, colleges and other kinds of
organizations.
that communicates information. It is
often referred to as the language of the business, although it is just as important
in the operation of government agencies, clubs, colleges and other kinds of
organizations.
You probably have some idea already
of what the term accounting means. It is frequently used in every
day conversation to mean “answering for responsibility.” Managers
of business concerns are answerable
to owners, creditors, labor unions and Government agencies etc. Managers of government units are answerable
to chief executives, boards, taxpayers and others. In fact, accounting was
developed by people, who were seeking better ways to gather and report useful
information about organizations.
of what the term accounting means. It is frequently used in every
day conversation to mean “answering for responsibility.” Managers
of business concerns are answerable
to owners, creditors, labor unions and Government agencies etc. Managers of government units are answerable
to chief executives, boards, taxpayers and others. In fact, accounting was
developed by people, who were seeking better ways to gather and report useful
information about organizations.
All the above functions
are performed on the basis of certain well-defined and well-coordinated rules
and principles. An accountant must be
familiar with all these rules and principles.
In accounting we will study all these rules and principles.
are performed on the basis of certain well-defined and well-coordinated rules
and principles. An accountant must be
familiar with all these rules and principles.
In accounting we will study all these rules and principles.
