Accounting & Finance

Resources for Lifelong Learning

Definition

Accounting is the art of organizing, maintaining, recording and analyzing the financial activities of a business, non-profit organization or government agency.  Accounting is generally known as the "language of business." Source:  Eisen, P. J. (2007).  Accounting.  5th ed. Hauppauge, N.Y.: Barron's Educational Series. Call Number:  HF 5636 .E45 2007

Finance is the science that describes the management, creation and study of money, banking, credit, investments, assets and liabilities. Finance consists of financial systems, which include the public, private and government spaces, and the study of finance and financial instruments, which can relate to countless assets and liabilities. Source:  http://www.investopedia.com/terms/f/finance.asp

Keywords

Accounting, Auditing, Banks and banking, Bookkeeping, Budget in business, Controllership, Cost accounting, Credit, Debt, Finance, Financial statements, Forensic accounting, Fund accounting, Income, Investments, Loans, Managerial accounting, Money, Profit

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