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Accounting is the process of recording, processing and analyzing information about economic entities, such as businesses and corporations. It has various subfields, such as financial accounting, management accounting, auditing and tax accounting, and a long history dating back to ancient civilizations.
Learn about the different levels of accounting roles in the United States, from bookkeepers to controllers, and their responsibilities and qualifications. Find out how to become a certified public accountant and what are the common job descriptions for each role.
Find the meaning of various abbreviations used in a business or financial context, such as AP, AR, B2B, CFO, etc. The list is organized alphabetically by letter and includes examples of usage and links to related topics.
Financial accounting is the branch of accounting that reports financial transactions of a business to various stakeholders. It involves the preparation of financial statements that comply with accounting standards and principles, and have relevance, faithfulness, verifiability, comparability, understandability and timeliness.
CPA is the title of qualified accountants in many English-speaking countries. It is a license to provide accounting services in the U.S., and has different meanings and requirements in other countries.
Learn how organizational structure defines how activities are directed toward the achievement of organizational aims. Explore different types of structures, such as pre-bureaucratic, bureaucratic, post-bureaucratic, and functional, and their advantages and disadvantages.
Management accounting is the use of accounting information in decision-making and management by managers within an organization. It differs from financial accounting in scope, focus, and approach, and involves various fields and functions such as cost accounting, performance evaluation, and risk management.
Record to report or R2R is a finance and accounting process that collects, processes and delivers information for strategic and operational feedback. It involves data extraction, validation, transformation, posting, analysis and reporting.