• Accounting or Accountancy is the measurement,

processing, and communication of financial and non

financial information about economic entities such as
businesses and corporations.

• Accounting’s future is bright, with a projected 10% increase

in accountant and auditor employment between 2016 and
2026, according to the U.S. Bureau of Labor Statistics
(BLS). Not only does the future of the accounting
profession look promising, but the industry is also rapidly
evolving with the rise of technology.

• Also known as the balance sheet equation, the accounting

• Also known as the balance sheet equation, the accounting
equation formula is Assets = Liabilities + Equity. This
equation should be supported by the information on a
company’s balance sheet.