ACCOUNTING Definition

Bookmark and Share

ACCOUNTING is primarily a system of measurement and reporting of economic events based upon the accounting equation for the purpose of decision making. Generally, when someone says "accounting" they are referring to the department, activity or individuals involved in the application of the accounting equation.

Learn new Accounting Terms

SUPRANATIONAL is transcending established national boundaries or spheres of interest (Example: A supranational company).

GOODWILL VALUE is the value attributable to goodwill.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.