Accounting is an information system that measures, processes, and communicates
financial information about an economic entity.An economic entity is a unit that
exists independently, such as a business, a hospital, or a governmental body. Although
the central focus of this book is on business entities, we include other economic units
at appropriate points in the text and end-of-chapter assignments.
Accounting is an information system that measures, processes, and communicates
financial information about an economic entity.An economic entity is a unit that
exists independently, such as a business, a hospital, or a governmental body. Although
the central focus of this book is on business entities, we include other economic units
at appropriate points in the text and end-of-chapter assignments.
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