Form of business association Accounting

May 19th, 2015
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San Francisco State University
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Accounting - is the process of maintaining, auditing, and processing financial information for business purposes.Form of business association Corporations partnership/joint ventures, limited partnerships, limited liability companies, etc

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1. Accounting - Practiceandbody of knowledgeconcerned primarily with (1)methodsfor recordingtransactions, (2) keepingfinancialrecords, (3) performinginternal audits, (4) reporting and analyzing financialinformationto themanagement, and (5) advising ontaxationmatters. It is asystematic processof identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It revealsprofitorlossfor a givenperiod, and thevalueand nature of afirm'sassets,liabilitiesandowners' equity. Accoun

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