Accounting Essays & Term Papers

213 total

Your last name 1. The success of a business depends largely on its accounting. The role of Accounting in a business can be compared to the role the vertebral column in an organism. It is the spine, the backbone of every business. When well handled, it keeps the business profitable. Like every other professional field, professional accounting is governed by a set of principles which guide the accountant in the performance of his/her task(s). These principles are inscribed in the context of a co

Why is accounting often referred to as the “language of business”? Accounting is often called the “language of business” because it provides a means of communicating financial information to different parties. (Wild, 2005) These parties include almost all stakeholders of a business such as shareholders, lenders (creditors), suppliers, employees, customers, auditors, labor unions, government agencies and regulating bodies. Accounting gives a clear picture of the performance of an organiz