Fundamental Business and Management

Language of business

• Nature of accounting

• Accounting

• History of accounting

Accounting is a _______ it’s function is to provide quantitative information , primarily financial in nature, economic entities that is intended to be useful in making economic decisions

• Service Activity

• Information system

• Process of identifying, measuring and communicating

• Accounting is an art

Accounting is an ________ that measure, process, and communicates financial information about economic entity

• Accounting is an art

• Service activity

• Information system

• Process of identifying, measuring and communicating

Accountinh is the _______ economic information to permit informed judgements and decisions by users of the accounting information

• Service activity

• Information system

• Accounting is an art

• Process of identifying, measuring and communicating

Recording, classifying and summarizing

• Art

• Service activity

• Identifying, measuring and communicating

• Information system

Service activity, information system, process, arts

• Language of business

• Nature of accounting

• History of accounting

Helps decision makers bu giving them financial reports that will guide them in making sound decisions

• Accounting is a process

• Accounting is both an art and discipline

• Accounting is a Service activity

• Accounting deals with financial information and transactions

Method of performing any specific job step by step according to the objectives.

• Accounting is a process

• Accounting is a service activity

• Accounting is both an art and discipline

• Accounting is known and characterized as a storehouse of information

It is considered an ____ because on records, classifies, summarizes, and finalizes financial data.

• Acounting is a process

• Accounting is both an art and discipline

• Accounting is service activity

• Accounting deals with financial information and transactional

It records dinancial transactions and data, categorized these, and finalizes the results given for a specified period.

• Accounting is a process

• Accounting is a service activity

• Accounting is both an art and discipline

• Accounting deals with financial information and transactions