Accounting and bookkeeping

Accounting is the measurement, processing and communication of financial information about economic entities. It is also called "language of business", and measures the results of an organization's economical activities and delivers this information to a variety of users including investors, creditors, management, and regulators. Practitioners of accounting are known as Accountants.

Bookkeeping in business, is the recording of financial transactions, and is part of the process of accounting. Transactions include purchases, sales, receipts and payments by an individual or organization. The accountant creates reports from the recorded financial transactions recorded by the bookkeeper and files forms with government agencies.