Accounting For Managers

Compare and contrast the shells of learning. And its value to users currently provided by the proclaim pay and loss and specie flow statements of UK companies. E trulybody in the unfaltering ground consider write up to be very important in every business and life. Accounting instruction is employ in every aspect of life be it in investment of stock, buying of new goods, and forecasting for the future day as a run we require explanation system information. The fine-looking question is why do we require accounting information? The answer is no other reason that accounting provides us with information undeniable for decision making in each business. For us to be able to compare and contrast the type of information of accounting and its value to users, I would first go through a brief history of accounting and touch on what accounting is, thenceforth I would examine the different types of accounting information and at long last compare two types of informati on provided by the UK companies in the profit and loss and cash flow reports. The history of accounting is as old as civilisations dated back to 3600BC were there was pauperization to keep take away account book of transactions and values of country products. As Paul Collier noted the early accountants were called scribes[1].

Scribes prepares record of improvement and disbursements other products and they also act as lawyers. save as we made to know accounting of this generation begins in the fourteenth century in Italy in the cities of Florence, Genoa and Venice and this was as a result of growth in the maritime, trade and banking. Luca Pacioli is credited for the comport of mod accounting; his textbook was based ! on geometry, arithmetic, proportions and dimension and was used to teach the children of merchants and craftsmen. It was a detailed mathematical knowledge and it include the ways how Venetian merchants keep accounts known as the effigy entry accounting system in its time. each what he published are now used in the accounting world of...If you want to get a dependable essay, value it on our website: OrderEssay.net

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