Accounting – Nature and Scope of Accounting

Accounting  – Nature and Scope of Accounting

          Accounting as a financial system has many definitions as there are many authors in the field.  However, these definitions seem to have a common thread linking them together. According to Donald (1992:2) accounting is defined as the process of identifying, measuring, recording and communication of the economic events of an organization to interested users of the information.  [Read more…]