Providers and Users of Financial Information
About This Chapter
Accounting is concerned with money in all its forms. Every day we have economic transactions. You buy gas, go out for lunch, get your iPad repaired, and worry about the strength of the dollar or pound against other currencies. Accounting recognizes these transactions and events, measures them, records them, and provides the information to those who want it and, more importantly, know how to use it.
The purpose of early forms of accounting was to provide business owners with financial information on the success of their business. The growth of different forms of business over the centuries has resulted in various types of accounting and there are also different types of ...
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