• Accounting is the process of gathering financial information and presenting it in a manner that will help users of that information make better decisions. Accountants are also frequently called upon to analyze financial information and provide important business advice.
  • The terms and definitions that have emerged from the discipline are used widely.
  • In fact, accounting is commonly described as the "language of business." With increased automation over the years, the role of accountants has changed dramatically.
  • Formerly regarded as simply number-crunchers, accountants have become recognized as valued business advisers and important members of an organization's management team.
  • The major areas of study within the accounting curriculum are financial accounting, management accounting, income taxation, auditing, and business law.