27 Definitions of Accounting According to Experts (Complete Discussion)
25 Definitions of Accounting According to Experts (Complete Discussion) – Accounting is now a topic of conversation among students and the world of work. Accounting is a set of procedures for recording, summarizing, classifying and reporting in the form of financial reports.
25 Definitions of Accounting According to Experts (Complete Discussion)
Good and transparent financial management also requires good accounting knowledge and skills. Where the ability to provide accurate financial information can have an impact on the business stakeholders themselves. This time we will first discuss the general meaning of accounting as explained by experts in the field.
Understanding Accounting
Some general accounting definitions will be explained by experts below.
1. Kohler's Dictionary
Accounting is the art of recording the process of financial transactions.
2. West Churman
He explained that accounting is a written experience that is used to make decisions that occur in a company.
3. Accounting Principles Board
Accounting is a service activity whose function is to provide quantitative information, especially of a financial nature, which can then be used in making economic decisions.
4. American Accounting Association
Accounting is a process of identifying, recording, measuring and reporting financial transactions from an organization that is used as information for economic decision making on the part of that party need.
5. Sophar Lumbantoruan
He believes that accounting is a tool used as a business language where the information conveyed can only be understood if the accounting mechanism is understood.
6. Dr. m Big
Beliay stated that accounting is an applied science and art of recording which is carried out continuously according to rules and systems, processing and also analysis of these records so that they are compiled into a financial report which is used as an accountability for company and institutional leaders its performance.
7. Minister of Finance Decree
Accounting is a process of collecting, analyzing, clarifying, recording, summarizing and reporting transactions. finance from an economic entity to provide financial information for those who need that information which is used to make decisions decision.
8. Warren et al
They stated that accounting in general is an information system that produces a report financial support to related and interested parties regarding economic activities and conditions company.
9. Arnold
Arnold stated that accounting is seen as a system for providing information, especially financial, to anyone who makes decisions and controls them.
10. Rudianto
Rudianto stated that accounting is an information system that produces financial reports towards related parties who have an interest in economic activities as well as from the condition of a business entity certain.
11. Abu Bakr A. and Wibowo
They are of the opinion that accounting is included as a procedure for recognizing, recording and communicating financial exchanges regarding an element or organization. This means that accounting is an information system that recognizes and records financial transactions which are then presented in financial reports
12. American Institute of Certified Public Accountants (AICPA)
Yang explained that Accounting is an art of recording, classifying and summarizing in a manner certain monetary measures, transactions and events of a financial nature are included in the interpretation the results. That is, accounting is the art of recording, as well as classifying and compiling a summary of financial events and transactions which are then presented in the form of financial reports.
13. Charles Thomas Horngren and Walter T. Harrison
They both believe that accounting is an information system that is used to measure business activities, as well as processing data into reports and also to communicate the results to stakeholders decision
14. Financial Accounting Standards Board (FASB)
Accounting is a service activity whose function is to provide quantitative information which is then used in making economic decisions.
15. Littleton
Littleton believes that accounting is a comparative calculation between the costs incurred in a business and the results of the achievements of that business.
16. Mulyadi
In Mulyadi's opinion, accounting itself functions as a tool for recording and presenting financial reports and to make it easier for management to manage the company
17. Paul Grady
Accounting is included in the body of knowledge that has a systematic, authentic and original organizational function in recording, as well as in depth classify, and process, summarize, analyze and interpret all transactions and events of a financial nature that occur on operational accounting entity which aims to provide information which means it requires management as a report and accountability for trust which he received.
18. Suparwoto L
Here he explains that accounting is a technique or system for measuring and managing transactions finance which presents the results of management in the form of information to internal and external parties company. External parties themselves include investors, creditors, government, labor unions and other external parties.
19. Zaki Baridwan (2000)
He explained that Accounting is one of the service activities, whose function is to prepare quantitative data, especially of a quantitative nature finance, from economic efforts that can be used in making economic decisions that have alternatives in a circumstances
20. Sofyan Harahap (2005)
He explained that accounting means a process of identifying, measuring and conveying economic information as information material to consider various alternatives in drawing conclusions by para the user.
21. Henry Simamora (2005)
He explained that accounting is a process of measuring economic activity to an entity in terms of money and communicating the results to the parties concerned interested
22. S. Munawir (2005)
Baliau is of the opinion that it is an art in recording, classifying and summarizing events and happenings and at least some of which are financial in nature in the quickest possible manner and instructions or expressed in money, and also interpretations of matters arising from to him.
23. Soemarso S.R. (2004)
He stated that accounting is a process of identifying, measuring and reporting information an economy that allows for clear and firm judgments and decisions for those who use the information the.
24. Frederick D.S. Choi, Gerhard G. Mueller
They define accounting as a process of identifying, measuring and communicating economic information so as to enable its use in making judgments and decisions.
25. Accounting Principle Board Statement Number 4 (2003)
Accounting is a service activity, which functions to provide quantitative information, usually in monetary terms, about an economic entity intended to be used for making basic economic decisions choosing between several alternative.
26. Wibowo
According to Wibowo's opinion, accounting is a procedure that recognizes, records and corresponds with financial exchanges within an element or within an organization. That is, accounting is an information system that recognizes and records financial transactions which are then presented in the form of financial reports.
27. KAM (1990)
Accounting is an art of recording transactions in finance.
That's our explanation this time regarding 27 Definitions of Accounting According to Experts (Complete Discussion), I hope this can help friends in finding related information and hopefully it will be useful. That is all and thank you.
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