A definition of accounting
How is accounting defined ?: A definition of accounting
Accounting definitions there are thousands in dictionaries, encyclopedias, thesauri … if you want to know what this branch refers to, read the following definition that we have specially selected for its precision when describing this discipline.
Do you have doubts about what accountants do in companies?
Accounting is defined as “a system of control and recording of expenses and income and other economic operations carried out in a business, company or entity” ( Infoautónomos ). In this way, it is in charge of recording everything that happens in the company with economic repercussions through different systems and methods.
When defining accounting, there are always key concepts such as analyzing, identifying, recording, measuring, classifying, verifying, summarizing, interpreting, communicating … which, without a doubt, are included within a fundamental competence of any type of organization .
Of course, these financial terms show that numerical skills are essential when it comes to wanting to work in the accounting world, although it makes it clear that planning and being able to maintain order are also essential factors.