Financial Accounting and Reporting
(field of studies: Finance and Accounting)

Rachunkowość i sprawozdawczość finansowa

Master's

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Financial Accounting and Reporting at Kozminski University »
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⇑Financial Accounting and Reporting at Kozminski University

Field of studies: Finance and Accounting

Language: Polish Studies in Polish

Subject area: economy and administration

Kind of studies: full-time studies, part-time studies

Description:
pl

University website: www.kozminski.edu.pl/en/

⇑Definitions and quotes

Accounting

Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.

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Reporting

Reporting may refer to

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Accounting

Accounting for the most part, remains a legalistic and traditional practice, almost immune to self-criticism by scientific methods.

Kenneth Boulding (1958, p. 95) as cited in: Edward Stamp, Michael J. Mumford, Ken V. Peasnell (1993) Philosophical Perspectives on Accounting. p. 147.

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Accounting

The accounts of money, supplies and provisions should then be considered. The overseer should report what wine and oil has been sold, what price he got, what is on hand, and what remains for sale. Security should be taken for such accounts as ought to be secured. All other unsettled matters should be agreed upon. If any thing is needed for the coming year, it should be bought; every thing which is not needed should be sold. Whatever there is for lease should be leased.

Cato the Elder. De Agri Cultura, about 160 BC. Of the duties of the owner.

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Accounting

It’s simply to say that managers and investors alike must understand that accounting numbers are the beginning, not the end, of business valuation.

Warren Buffett 1982 Chairman's Letter

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