Accounting Concepts and Information (V1 and V2)

Topic

Accounting Concepts and Information(V1 and V2)

Instructions

Analyse accounting concepts and information.

Answer preview

Accountants and accounting’s worldview sometimes involves some characters that do not help to pore over figures well stacked up in indecipherable columns.  Accounting is the process of identifying, communicating, and measuring some economic/financial information to give informed judgment and key decisions by people using the information.  It is a business language communicated by honest and well-organized people referred to as accountants (Weetman 2009). While a small business may have a storekeeper or an accountant, big companies have an accounts department.

Word count: 2402

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