What are the functions of accounting?


What are the functions of accounting?


Accounting is the process by which a business's financial transactions are documented, categorized, and analyzed for use in decision-making. The company's financial transactions are what is recorded in the books.

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Accounting is crucial to the smooth operation of any business and the management of its finances. Here are just a few examples:

Record Keeping: Accoun...

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Managerial Accounting vs. Financial Accounting


Chapter 33 / Lesson 1

Learn about the differences and similarities between financial accounting and managerial accounting. Learn the different uses of financial and managerial accounting.

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