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 four are the most important:
| Balance sheet | Changes in Equity | Profit and Loss (P&L) | Cash Flow |
|---|
Business / Business Administration / Financial Management
[ Accounting ] [ Accounting Equation ] [ Accounting Period ] [ Management Accounting ]
[ Financial Statement ] [ Balance sheet ] [ Changes in Equity ] [ Profit and Loss (P&L) ] [ Cash Flow ]