Accountancy

Accountancy (British English) or accounting (American English) is the measurement, disclosure or provision of assurance about information that helps managers and other decision makers make resource allocation decisions. Financial accounting is one branch of accounting and historically has involved processes by which financial information about a business is recorded, classified, summarized, interpreted, and communicated. Auditing, a related but separate discipline, is the process whereby an independent auditor examines an organization's financial statements in order to express an opinion -- that conveys reasonable but not absolute assurance -- as to the fairness and adherence to generally accepted accounting principles, in all material respects.

Topics in accounting

See list of accounting topics for complete listing.

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Auditing

• Assurance services
• Audit
• Information technology audit

Types of accountancy

• Cost accounting
• Cash-basis and accrual-basis
• Financial accountancy
• internal and external accountancy
• Management accounting
• Project accounting

Accountancy Principles

Accounting principles, rules of conduct and action are described by various terms such as concepts, conventions, tenets, assumption, axioms, postulates.

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