The measurement, processing and communication of structured financial information about Economic Entities for the purposes of Financial Management and Taxation.
The above are aggregated into financial statements of which the following three are the most important:
| Balance sheet | Profit and Loss (P&L) | Cash Flow |
|---|
Business / Business Administration / Financial Management
[ Accounting ] [ Accounting Equation ] [ Management Accounting ]
[ Balance sheet ] [ Profit and Loss (P&L) ] [ Cash Flow ]
[ IFRS ]