Everyone, every company, every entity, every small business or group has an accounting need. Accounting is a science that is used to analyse and manipulate financial data for businesses and the public. Accounting is arguably the most vital aspect of any business or company. Accounting obtains the information necessary to make important financial decisions at a high level. It is the process of recording financial transactions pertaining to a business. It has been called the "language of business". It measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position, and cash flows. An in- depth knowledge on the topic is given in the presentation.

John U

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