Accounting I

The purpose of accounting is to provide a means of recording, reporting, summarizing, and interpreting economic data. In order to do this, an accountingsystem must be designed. A system design serves the needs of users of accountinginformation. Once a system has been designed, reports can be issued...

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Main Author: PETROFF, John (Author)
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520 |a The purpose of accounting is to provide a means of recording, reporting, summarizing, and interpreting economic data. In order to do this, an accountingsystem must be designed. A system design serves the needs of users of accountinginformation. Once a system has been designed, reports can be issued and decisions based upon these reports are made for various departments. Since accounting is used by everyone in one form or another, a good understanding of accounting principles is beneficial to all. 
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