Practice and body of knowledge concerned primarily with methodsforrecordingtransactions, keepingfinancial records, performinginternal audits, reportingand analyzingfinancial informationto themanagement, and advisingontaxationmatters. It is a systematic process of identifying, recording, measuring, classifying, verifying, summarizing, interpreting and communicating financial information. It reveals profit or loss for a given period, and the value and nature of a firm's assets, liabilities and owners' equity. Accounting provides information on the resourcesavailable to a firm, themeansemployedto finance those resources, and theresultsachieved through th

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