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Is this a good definition ?
Accounting is the art of recording accounting elements and its cause
May I ask if you have been asked to come up with your own definition of Accounting? I would suggest the above is a reasonable start. I would suggest as well as recording, that you also mention processing, calculating, presenting and interpreting economic and financial information. If you want other ideas please also look up ACCA, CIMA and Wikipedia for further ideas about definitions of Accounting. If you want further help please ask. Hope this helps.
I simply wrote this down because for me its easier to remember it that way 🙂
Thanks for the reply
Welcome to Opentuition. If you need further help with this or anything else please ask. You are welcome.
This site and forums have existed for over a decade. Glad you have discovered the site. Think you will find site useful. It will be particularly useful if you decide to study accounting with one of professional bodies in future, especially ACCA or CIMA,as notes and lectures specifically addressing syllabuses of these are provided on this site. I’d just like to reiterate, if you need further help with above or anything else please ask.
Hope you enjoy studying Accounting. Think you should find it useful in your career and life even if you don’t become a professional Accountant.
Thanks for the reply .
There is only a little chance of me working as an accountant , but like you said , I like learning and understanding new things . 🙂
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