Scribd Logo
Upload

Welcome to Scribd!

  • Accountancy - What Is Accountancy?: Debitoor

    Uploaded by

    Nikolajay Marreno
    6 views1 page
    Accountancy is the process of managing the income and expenses of a business by recording and summarizing financial transactions through bookkeeping. This process, called financial accounting, classifies and explains account information to parties like shareholders and managers. Accountancy also allows businesses to forecast finances, analyze different areas, and evaluate potential through produced financial reports.

    Original Description:

    Original Title

    Accountancy.docx

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Accountancy is the process of managing the income and expenses of a business by recording and summarizing financial transactions through bookkeeping. This process, called financial accounting, classifies and explains account information to parties like shareholders and managers. Accountancy also allows businesses to forecast finances, analyze different areas, and evaluate potential through produced financial reports.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    6 views1 page

    Accountancy - What Is Accountancy?: Debitoor

    Uploaded by

    Nikolajay Marreno
    Accountancy is the process of managing the income and expenses of a business by recording and summarizing financial transactions through bookkeeping. This process, called financial accounting, classifies and explains account information to parties like shareholders and managers. Accountancy also allows businesses to forecast finances, analyze different areas, and evaluate potential through produced financial reports.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Accountancy – What is accountancy?

    Accountancy is the process of managing the income and expenses of a business

    Manage your accountancy needs with a comprehensive accounting system such


    as Debitoor. Start today.

    The process of recording and summarising financial transactions is known as


    'bookkeeping'. When the data is produced in reports for the use of individuals or
    companies outside the organisation, the process is called 'financial accounting'.

    It refers to the process of measuring, summarising, and communicating the


    financial information produced by bookkeeping to classify and explain account
    information to relevant parties such as shareholders and managers.

    The use of this information also makes it possible to forecast future financial
    developments, analyse different areas of the business and evaluate business
    potential.

    You might also like