accounting as a defenition
Accounting in definition (1) The objective of most businesses is to maximize profits. ... (3) Accounting provides information for managers to use in operating the business. ... (5) Private Accounting employed by a business firm or a not-for-profit organization. ... (6) FASB stands for Financial Accounting Standards Board. FASB proposes their accounting standards to the accountants and to the Senate. ... After it is official, they publish it in the Statements of Financial Accounting Standards and Interpretations.