The journey of accounting
Abstract
Accounting is coined as the ‘language of business’ because reports that are used by various interested parties are prepared and maintained, containing information on the activities and transactions of a business. This is the accounting purpose and application. It assists various firm stakeholders in making decisions by informing them of the outcomes of business operations. These stakeholders include the owner(s), investors, managers, creditors, regulators, government and other agencies.
Fields of Study & Subjects
Accounting Theory and Financial Reporting
Accounting and Financial Management
Accounting and Organizational Management
Publication details
- Journal / source
- Routledge eBooks
- Pages
- 10–22
- Publication date
- 24 February 2026
- Language
- EN
- Document type
- Book chapter