REFLECTION IN FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT

Fundamentals of Accountancy, Business, and Management is one of my specialized subject in second

semester when I was in Grade 11. This is about Accounting, Business ans Management. This is an
introductory in accounting, business, and management data analysis that will develop students’
appreciation of accounting as a language of business and an understanding of basic accounting concepts
and principles that will help them analyze business transactions. It is crucial to comprehend how
accounting works in our culture in order to effectively budget, save, invest, and get ready for tax season.
Accounting is the process of IDENTIFYING, RECORDING, and COMMUNICATING economic events of
an organization to interested users. The function of accounting in business is that accounting is the
means by which business information is communicated to business owners and stakeholders. This is
composed of multiple steps that lead to a common end goal. Financial Information is the subject of
accounting, the only occasions that have been noted by the bookkeeping was done by the accountant
and conveyed to various parties.