The reason that accounting is the "language of business" is because of its role in maintaining and processing all relevant

financial information that an entity or company require for its managing and reporting purposes. Accounting is aptly called the language of business. This designation is applied to accounting because it is the method of communicating business information. T he basic function of any language is to serve as a means of communication. Accou nting duly serves this function. The task of learning accounting is essentially the same as the task of learning a new language. To enable the accounting langua ge to convey the same meaning to all people as far as practicable it should be m ade standard