Accounting is the systematic recording, classifying, and communicating of financial transactions, which reveals a business's profit, loss, assets, and liabilities. It is crucial for planning, organizational management, budgeting, and decision-making, while also maintaining interdepartmental coordination. MyAssignmentHelp offers expert online accounting tutoring to assist students with their assignments, ensuring high-quality solutions in a timely manner.

1. Accounting
Assignment
Help

2. The Process of systematic recording,
classifying and communicating of financial
transaction of a business is termed as
accounting. Accounting discloses Profit and
Loss in a business and any assets or liabilities of
a firm.
According to the Committee of Terminology
of American Institute of Certified Public
Account:” Accounting assignment help is the
art of recording, classifying summarising in a
significant manner and in terms of money,
transaction, and events which are, in part at
least of a financial character and interpreting
the results thereof.”

3. IMPORTANCE OF
ACCOUNTING
• Accounting data is important for
proper planning in business.
• Accounting is important in
organizational management.
• Helps in preparation of budget.
• Provides information to management
about the transactions within business
enterprise.
• Maintains co-ordination betwen
different departments of an
organization.

4. UNDERSTANDABILITY
COMPARABILITY
RELEVANCE
RELIABILITY

5. • Financial Accounting
• Forensic Accounting
• Management
Accounting
• Tax Accounting
• Public Accounting
• Government
Accounting
• Auditing

6. HELPS IN DECISION MAKING
SYSTEMATIC RECORDING OF TRANSACTION
KNOWING FINANCIAL POSITION OF BUSINESS
INFORMATION SYSTEM FOR COMMUNICATION.
ACCOUNTING
OBJECTIVES

7. 01 03
02
RECORDING REPORTING
SUMMARISING
04
ANALYZING

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