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Accounting is the measurement, processing and communication of financial details about financial entities 15 16 comparable to companies and companies The fashionable discipline was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been known as the “language of enterprise”, 18 measures the outcomes of a corporation’s economic actions and conveys this info to a wide range of users, together with investors , creditors , management , and regulators 19 Practitioners of accounting are often known as accountants The terms “accounting” and “monetary reporting” are sometimes used as synonyms.
