User:Jukeboksi/BBA studies/Accounting: Difference between revisions

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{{Q|'''[[w:Accounting|Accounting]]''' ( verb ) or '''accountancy''' ( noun ) is the process of communicating [[w:financial information|financial information]] about a [[w:business entity]] to users such as [[w:shareholders|shareholders]] and [[w:manager|manager]]s.|Wikipedia|[[w:accounting|accounting]]}}

{{Q|'''[[w:Accounting|Accounting]]''' ( verb ) or '''accountancy''' ( noun ) is the process of communicating [[w:financial information|financial information]] about a [[w:business entity]] to users such as [[w:shareholders|shareholders]] and [[w:manager|manager]]s. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of [[w:management|management]]; the art lies in selecting the information that is relevant to the user and is reliable.

|Wikipedia|[[w:accounting|accounting]]}}

{{Q|'''Laskentatoimi''' on toimintaa, jonka tehtävänä on kuvata [[w:fi:rahaprosessi|rahaprosessi]]a, kerätä, rekisteröidä ja analysoida yrityksen tai muun organisaation toimintaa kuvaavia taloudellisia laskelmia.|Suomenkielinen Wikipedia|[[w:fi:Laskentatoimi|laskentatoimi]]}}

~~== Definition of accounting and accountacy ==~~

::'''[[w:Accounting|Accounting]]''' ( verb ) or '''accountancy''' ( noun ) is the process of communicating [[w:financial information|financial information]] about a [[w:business entity]] to users such as [[w:shareholders|shareholders]] and [[w:manager|manager]]s. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of [[w:management|management]]; the art lies in selecting the information that is relevant to the user and is reliable.

::The principles of accountancy are applied to business entities in three divisions of practical art, named

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::#'''[[w:bookkeeping|bookkeeping]]''' ( [[w:fi:kirjanpito]] ) and

::#'''[[w:auditing|auditing]]''' ( [[w:fi:auditointi]], mahd. [[w:fi:tilintarkastus]] ). ( Wikipedia )

* '''Bookkeeping''', in [[business]], is the recording of financial transactions, and is part of the process of [[accounting]]. Transactions include purchases, sales, receipts and payments by an individual or organization. ( Wikipedia )