Accounting

Accounting in general can be defined as an information system that provides reports to stakeholders about the economic activities and condition of a business. The financial accounting can be defined as the reporting of the financial position and performance of a firm through financial statements issued to external users on a periodic basis. While the managerial accounting can be defined as the process of identifying, measuring, analyzing, interpreting, and communicating information for the pursuit of …

…well as favorable information and professional judgments or opinions. <Tab/>Refrain from engaging in or supporting any activity that would discredit the profession. Objectivity Management accountants have a responsibility to: <Tab/>Communicate information fairly and objectively. <Tab/>Disclose fully all relevant information that could reasonably be expected to influence an intended users understanding of the reports, comments and recommendations presented.