PURPOSE OF ACCOUNTING

The basic purpose of accounting is to provide desision makers with information useful in making economic decision.
The decision concern the allocation and use of scares economic resources. we allocate and use economic resourss shapes the world economics.
The general purpose of financial accounting is information financial refers to information describing. the financial resources obligations and activities of an economic entity either a organization or an individual financial accounting information is use for so many different purpose that it often is called general purpose accounting information.

WHAT IS ACCOUNTING?

Accounting is the art of recording classifying and summerizing in a significant manner and in terms of meoney and interpreting the results thereof.
Accounting in one from or another an almost a daily basis "Accounting is the art of interpreting and communication the result of economic activities.
Weather you are paying your phone bill balancing your check book preparing your income tax return or managing an international corporation your working with accounting concept and accounting information.
Accounting has often been called the language of business such term as assets,liabilities,netincome cashflow and earnings per share are but a few accounting term widely used through the business world.
The use of accounting information is not limited to the business world we live must account for his or her income and must file income tax return all use accounting information as the basis for controlling their resources and measuring  their accomplishments.
Every one who engages in economic activities which means every one will benefit from understanding the nature signification and limitation of accounting information.

INTRODUCATION OF ACCOUNTING

The word Accounting means language of business the business manager cashier and salesman use the term accounting to explain business event you will find that many of term used in Accounting have absolutely different meanings in non accounting usage.If you need the knowledge of accounting you will increase you understanding of the business operation the professional and business accountants  must be expert in the use of this language.
The age of computerization very information can be collected easily and very early but accounting is the brain of the business with out proper accounting all information and the data provided will be incorrect.