Case , Assignment Etc
The Role of Accounting in Business
Accounting is a process used by businesses for many reasons. The process of accounting consists of recording all transactions that occur within a business and summarizing the information. An assortment of people then uses this information. Accounting can take place either manually or with computers using accounting information system software.
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Accounting
Accounting is a system used by businesses to track financial information. Businesses then analyze and use the information to make business decisions. Accounting uses a double-entry method where accountants record transactions using debits and credits to individual accounts. The individual accounts are all part of the general ledger, which is the place where a business keeps all accounts individually with balances.
Financial Information
Accounting plays a major role in businesses when it comes to the financial transactions of a business. Financial accounting records all transactions and summarizes the amounts on financial statements at the end of each month and year. Stakeholders of the business analyze the financial information. Stakeholders include banks, stockholders, owners of the company and employees. Stakeholders use this information to make lending and investing decisions.
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Managerial Information
Managerial accountants also use accounting. Managerial accounting is an internal type of accounting. Managerial accountants analyze all financial information and use it to make internal company decisions. These accountants make decisions regarding plans for the business as well as budgets and forecasts.
Cost Accounting
Cost accounting is another important aspect of a company’s bookkeeping records; it plays a large role in manufacturing and retail
Accounting is a process used by businesses for many reasons. The process of accounting consists of recording all transactions that occur within a business and summarizing the information. An assortment of people then uses this information. Accounting can take place either manually or with computers using accounting information system software.
Read more: http://www.ehow.com/about_6714179_role-accounting-business.html#ixzz2cUrsTujn
Accounting
Accounting is a system used by businesses to track financial information. Businesses then analyze and use the information to make business decisions. Accounting uses a double-entry method where accountants record transactions using debits and credits to individual accounts. The individual accounts are all part of the general ledger, which is the place where a business keeps all accounts individually with balances.
Financial Information
Accounting plays a major role in businesses when it comes to the financial transactions of a business. Financial accounting records all transactions and summarizes the amounts on financial statements at the end of each month and year. Stakeholders of the business analyze the financial information. Stakeholders include banks, stockholders, owners of the company and employees. Stakeholders use this information to make lending and investing decisions.
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Bangladesh Office Rental
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Regus.com.bd/Bangladesh_Offices
Managerial Information
Managerial accountants also use accounting. Managerial accounting is an internal type of accounting. Managerial accountants analyze all financial information and use it to make internal company decisions. These accountants make decisions regarding plans for the business as well as budgets and forecasts.
Cost Accounting
Cost accounting is another important aspect of a company’s bookkeeping records; it plays a large role in manufacturing and retail
References: 1) Moeller, R. R. (2005). Brink 's Modern Internal Auditing. New York: John Wiley andSons.2) Sisaye, S. (2001). Organizational Change and Development in Management ControlSystems: Process Innovation for Internal Auditing and Management Accounting. NewYork: Emerald Group Publishing.3) Jackson, Sawyers, and Jenkins. (2008). Managerial Accounting: A Focus on EthicalDecision Making. New York: Cengage Learning.4) D 'Atri, Marco, Braccini, and Cabiddu. (2010). Management of the InterconnectedWorld: ItAIS: the Italian Association for Information Systems. New York: Springer.5) Adams, D. (2006). Management Accounting For The Hospitality, Tourism And LeisureIndustries: A Strategic Approach. New York: Cengage Learning EMEA.6) Lehman, C. R. (1995). Accounting 's Changing Role in Social Conflict. New York:Markus Wiener Publishers.7) Wilkinson, Raval, and Wing. (2008). Accounting Information Systems: EssentialConcepts and Applications. Retrieved 1 November 2011 fromhttp://www.wiley.com/college/acc/wilkinson253529/site/ppt/ch_01.ppt