An Accounting Theory. Lectured by Dr. Siriluck Sutthachai Accounting Department Faculty of Management Science Khon Kaen Univeresity Khon Kaen, Thailand. Definitions of Accounting. Accounting : An art or a science??. Definitions of Accounting.
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Lectured by Dr. Siriluck Sutthachai
Faculty of Management Science
Khon Kaen Univeresity
Khon Kaen, Thailand
Accounting : An art or a science??
Accounting is the art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of a financial character, and interpreting the results thereof.
Accounting is a service activity. Its function is to provide quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions, in making reasoned choices among courses of actions.
To provide information on which to base decision making.
Nature of Information:
Factual and Interpretative