Accounting and Taxation

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Accounting and Taxation at WSB-NLU »
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⇑Accounting and Taxation at WSB-NLU

Language: Polish Studies in Polish

Subject area: economy and administration

University website: www.wsb-nlu.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.

Wikipedia

Taxation

Governments create nothing and have nothing to give but what they have first taken away — you may put money in the pockets of one set of Englishmen, but it will be money taken from the pockets of another set of Englishmen, and the greater part will be spilled on the way. Every vote given for Protection is a vote to give Governments the right of robbing Peter to pay Paul and charging the public a handsome commission on the job.

Winston Churchill, “Why I am a Free Trader,” Chapter I in T.W. Stead’s journal Coming Men on Coming Questions (April 13, 1905), bottom p. 9.

Wikiquote

Accounting

Accounting reveals the state of the business. It is a kind of thermometer of its condition and its health. One must consult it continually. Every employee in the enterprise, from the lowest up to the Director, must know the results for that part of the service for which he is responsible.

Henri Fayol (1908). "L’exposee des principles generaux d’administration". Unpublished paper, translated by J.D Breeze. published in: Daniel A. Wren, Arthur G. Bedeian, John D. Breeze, (2002) "The foundations of Henri Fayol’s administrative theory", Management Decision, Vol. 40 Iss: 9, p. 910.

Wikiquote

Taxation

And I'm the one who will not raise taxes. My opponent now says he'll raise them as a last resort, or a third resort. But when a politician talks like that, you know that's one resort he'll be checking into. My opponent, my opponent won't rule out raising taxes. But I will. And the Congress will push me to raise taxes and I'll say no. And they'll push, and I'll say no, and they'll push again, and I'll say, to them, Read my lips: No new taxes!

George Bush, Acceptance speech, New York Times (August 19, 1988).

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