Accounting is a powerful word. Investorwords.com defines it as "The systematic recording, reporting and analysis of (the) financial transactions of a business." The two organizations that regulate ...

The Difference Between Principles & Rules Based Accounting Standards. Unethical accounting practices enabled companies like Enron and WorldCom to bilk investors out of huge sums of money. In... GAAP ...

Accounting is a comprehensive system for collecting, recording, classifying, summarizing, interpreting, and communicating financial information. It is often referred to as the language of business as ...