Art of Writing Accounting

Accounting is the art of writing, by studying accounting can allows a person to have better potential in the art of writing. Accounting is providing quantitative financial reports that used in conjunction with qualitative evaluations in making calculations. So that the past information provided will be useful in the future economic decisions. Thus, accuracy in accounting is a must.

Accounting is often called as “language of business” because of his ability to communicate financial information of an organization. Various stakeholders such as managers, potential investors, creditors, and the government depends on the company’s accounting system, therefore, must include accurate collection, recording, classifying, summarizing, interpreting, and reporting of information on the financial status of an organization.

The better we understand the language, the better the results and we are getting better at managing finance. To convey this information, it is used accounting reports or which known as financial reports. The financial statements of a company usually comprises four types of statements, they are balance sheet, income statement, statement change in equity, and statement cash flows.