Accounting

Accounting is the process of recording, classifying, summarizing, analyzing, and interpreting financial information. It involves tracking a company's income and expenses, as well as assets and liabilities. Accounting also includes preparing financial statements that provide an accurate picture of a company's financial position. This helps businesses make informed decisions about how to allocate their resources and plan for the future. Accounting professionals use various methods to ensure accuracy in their work, such as double-entry bookkeeping systems and computerized accounting software.