1. accounting is a service activity, it's function is to provide quantitative information, primarily financial in nature, about economic entities which are intended to be useful in making economic decisions. 2. accounting is the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information. 3. accounting is the art of recording, summarizing and classifying in a significant manner and in terms of money, transactions and events, which are in part at least, of a financial character and interpretation of the results thereof.
