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Accountancy ^[1] or accounting is the measurement, statement, or provision of assurance about financial information primarily used by lenders, managers, investors, tax authorities and other decision makers to make resource allocation decisions between and within companies, organizations, and public agencies. The terms derive from the use of financial accounts.

Accounting has been defined by the AICPA as " The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof." ^[2]

Practitioners of accountancy are known as accountants. There are many professional bodies for accountants throughout the world. Many allow their members to use titles indicating their membership or qualification level. Examples are Chartered Certified Accountant (ACCA or FCCA), Chartered Accountant (FCA, CA or ACA), International Accountant (FAIA or AAIA), Management Accountant (ACMA, FCMA or AICWA), Certified Public Accountant (CPA) and Certified General Accountant (CGA or FCGA).

Accounting is the process of identifying, measuring and communicating economic information so a user of the information may make informed economic judgments and decisions based on it.

Accounting Subcategories Accounting Articles If Politicians Can't Say No to Massive Federal Spending, Will the Bond Markets Shut the Feds Down? by Michael Letcher Jan 04, 2009 As citizens of the US, we've heard gigantic numbers in the media in recent years to pay for extraordinary events not initially considered when our government establishes its budget: $32 billion immediately following the September 11, 2001 ... Online accounting - For convenient business monitoring by Arvind Nath Dec 30, 2008 Online accounting and bookkeeping has become a necessity for smooth functioning and convenient monitoring of any professional business. It is becoming popular now days among various industries, insurance, retail, pharmaceutical, banking and ot... Home Accounting Software -- Money Saving Secrets by Al Bullington Dec 22, 2008 The secrets for eliminating debt and saving money aren't new. Home accounting software is one of the tools that can help reveal the secrets. You already know the secrets don't you? Secret 1: Know Where It Goes? Where does all that m... Personal Accounting Software -- 5 Ways To Save More And Spend Less by Al Bullington Dec 22, 2008 Personal accounting software is a tool to help you save more and reduce debt. See many problems in personal finance result from out of control spending. That's more of a threat to your financial health than too little income. But how do you keep u... Accounting Outsourcing in India: An inexpensive way to grow your businesses by Michelle Barkley Feb 20, 2008 In the recent years, India has evolved as a cynosure for many global companies and big business enterprises. The country has already taken the rank as one of the most popular choices in providing outsourcing services. Several developed countries incl... Outsourcing QuickBooks Bookkeeping - Achieve more for less with Books2Taxes.Com by Amitaabh Saboo Dec 22, 2007 Whether your business is small or huge, you need a good bookkeeping software in order to keep it running smoothly. Do not risk your sales by opting for an accounting and bookkeeping software which lets you down during a time when the customers keep o... Outsource Tax Preparation Services to Books2Taxes.Com by Amitaabh Saboo Dec 22, 2007 When you want to have your tax return papers processed by overseas providers, there are several service providers you can choose from. One of the leading outsourcing company is Books2Taxes.Com, which offers tax preparation outsourcing assistance. If ... Accounting Suite vs. Stand-alone Payroll Software by Casey Yang Dec 18, 2007 It can be quite daunting to choose whether you need an accounting suite or stand alone payroll software for your company. There are several payroll systems available that can take care of business needs ranging from small business to larger enterpris... Simplified Bookkeeping and other Advantages Through Small Business Credit Cards by Pamela Williams Dec 17, 2007 People who have their own businesses to take care of apply for business credit cards for different reasons. Some people would say that they just want a separate account for personal and business finances. Others would say business credit cards builds... 8 Essential Tips for Personal Taxes and Accounting by Kent Irwin Dec 10, 2007 kirwin@efinplan.com. Best regards Kent Irwin http://www.efinplan.com 8 Essential Tips for Personal Taxes and Accounting A very important part of personal financial planning is tax planning. This article will help you take the my...