The measurement and processing of a company's financial information is under the domain of accounting. It also includes the communication of financial activities to various parties such as investors, shareholders, etc. this book is a compilation of chapters that discuss the most vital concepts in the field of accounting, especially for companies.
Accounting is an important function of every organization. The summarizing, analysing and reporting of every financial transaction through financial statements is a crucial aspect of accounting. The book brings forth some of the most innovative concepts revolving around this field with respect to financial statements.
Accounting aims to measure a firm's financial and economic activities and present them to a wide array of users. It may be further classified as financial, tax, cost, external and management accounting. This book attempts to understand the multiple branches that fall under the discipline of accounting and how such concepts have practical applications.