Accounting
is also termed as accountancy; it deals with processing of financial
information, measuring and recording of certain financial transaction, it also
includes analyzing of certain economic entities. It is the most important
function of any business. Accounting can also further divided into other
branches like management accounting as well as cost accounting. It is
responsible for all the kinds of monetary transactions that help in taking most
of the major management decisions. For any successful business the accounting
team should be highly efficient. The number of members in the accounting team
depends entirely on the size of the business.
