Accounting is defined by the most famous accounting authorities as the act of finding, measuring, and presenting economic information in order to allow users of the information to make judgments and decisions. This information is pecuniary in nature and is usually expressed in monetary terms. Accounting is thus a measurement and communication procedure used to report on the activity of for-profit and non-profit organizations. Accounting and bookkeeping are frequently confused. Bookkeeping is a mechanical procedure that records a company's economic activity. Bookkeeping is part of accounting. Accountants analyze and interpret financial data, generate financial statements, conduct audits, build accounting systems, conduct special and financial studies, predict and budget, and provide tax services.
- Teacher: SOUHILA KHANE