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FABM1 Lesson1-2 Nature of Accounting

Accounting is the process of recording, classifying, selecting, verifying, summarizing, interpreting and communicating financial information to allow informed judgments and decisions by users of such information. It helps provide useful information to managers, investors, tax authorities and others. Accounting plays an important role in the effective operation of businesses and other organizations.

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Kassandra Kay
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3K views9 pages

FABM1 Lesson1-2 Nature of Accounting

Accounting is the process of recording, classifying, selecting, verifying, summarizing, interpreting and communicating financial information to allow informed judgments and decisions by users of such information. It helps provide useful information to managers, investors, tax authorities and others. Accounting plays an important role in the effective operation of businesses and other organizations.

Uploaded by

Kassandra Kay
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Nature of Accounting

Nature of Accounting
Nature of Accounting
Nature of Accounting
Nature of Accounting
Nature of Accounting
Nature of Accounting
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