The person in charge of accounting is known as an accountant, and this individual is typically required to follow a set of rules and regulations, such as the Generally Accepted Accounting Principles.
Accounting allows a company to analyze the financial performance of the business, and look at statistics such as net profit.
See also: List of Key Accounting Terms and Definitions at InvestorGuide.com.
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Popular 'Accounting' Terms
Mentioned in these terms
- hedge accounting
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- Associate in Insurance Accounting and Finance (AIAF)
- Statement of Financial Accounting Concepts (SFAC)
- Association of Latino Professionals in Finance and Accounting (ALPFA)
- Federal Accounting Standards