Accounting

Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably.

thumb|380px|An asset depreciation at 15% per year over 20 years

Bookkeeping is the record of financial transactions that occur in business daily or any time so as to have a proper and accurate financial report.

Liquidation is the process in accounting by which a company is brought to an end. The assets and property of the business are redistributed. When a firm has been liquidated, it is sometimes referred to as wound-up or dissolved, although dissolution technically refers to the last stage of liquidation. The process of liquidation also arises when customs, an authority or agency in a country responsible for collecting and safeguarding customs duties, determines the final computation or ascertainment of the duties or drawback accruing on an entry.

accounting method

is a Japanese saving method. The term translates to "household ledger" and is meant for household financial management. Kakeibo varies in structure, but their principle remain the same. At the beginning of the month, the kakeibo user writes down the income and necessary expenses for the month ahead and decides some kind of savings target. Daily expenses are recorded and totaled at the end of each week and again at the end of the month. At the end of the month, a summary of the month's spending is written in the ledger. In addition to expenses and income, thoughts and observations are written i

loss of goods from inventory

Motivation for businesses to maximize profits

costs which are directly accountable to a cost object