Accounting as a Language of Business

Accounting as a Language of Business

Accounting as a Language of Business – The language of accounting involves both vocabulary and grammar learning the vocabulary involves becoming familiar with both the exact definition of accounting words and how they are used. Owners of business employs accountant as the ‘interpreter’ of accounting language, this is often so when management is separated from ownership. The grammatical part of accounting as a language of business involves a generally acceptable ordering of information in connection with a particular business organization. The ordering of this information aids the use of such information in its location. [Read more…]

Accounting as a Language of Business

Accounting as a Language of Business

The language of accounting involves both vocabulary and grammar learning.  the vocabulary involves becoming familiar with both the exact definition of accounting words and how they are used.  Owners of business employs accountant as the ‘interpreter’ of accounting language, this is often so when management is separated from ownership.  The grammatical part of accounting as a language of business involves a generally acceptable ordering of information in connection with a particular business organization.  The ordering of this information aids the use of such information in its location. [Read more…]

Overview of the Accounting Concept

Overview of the Accounting Concept

There are various concept and conventions in accounting, all of which are useful in solving practical accounting problem.They include:

A.      THE BUSINESS ENTITY: – Accounting view every business as an entity which is distinct from that person who owns or managed it.  Sometimes, the law makes the same distinction as in the case of a limited liability company which is a separate legal entity from the shareholders or directors. [Read more…]

Accounting Information on Decision Making Process

Accounting Information on Decision Making Process

Accounting is a word by which every business organizations, establishment, firms etc, accounting terms are used by investors, bankers, management owners lawyers or accountants. [Read more…]