Services from across authorities to assist your small business. Accounting is the measurement, processing and communication of financial information about economic entities 15 16 such as businesses and companies The modern field was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been referred to as the “language of business”, 18 measures the outcomes of a corporation’s economic actions and conveys this information to quite a lot of users, together with buyers , collectors , management , and regulators 19 Practitioners of accounting are often known as accountants The terms “accounting” and “monetary reporting” are sometimes used as synonyms.
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