A weblog for Small Business Consultants and the distributors who serve them. Accounting is the measurement, processing and communication of financial details about financial entities 15 16 reminiscent of businesses and firms The trendy discipline was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been called the “language of business”, 18 measures the outcomes of an organization’s financial activities and conveys this info to a wide range of users, including buyers , collectors , administration , and regulators 19 Practitioners of accounting are referred to as accountants The phrases “accounting” and “monetary reporting” are sometimes used as synonyms.
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