Accounting is the language of business, encompassing the recording, analysing, and reporting of financial transactions. It provides insights into a company’s financial health and performance, guiding decision-making processes. Through principles like double-entry bookkeeping, it ensures accuracy and transparency in financial records. Accounting encompasses various disciplines, including financial accounting, managerial accounting, and auditing. Proficiency in accounting is essential for individuals pursuing careers in finance, business management, or entrepreneurship.
