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What is Accounting

Chapter 2
Advancement in Business Analytics Tools for Higher Financial Performance
Accounting involves the systematic measurement, processing, and dissemination of financial and other pertinent data concerning businesses and corporations.
Published in Chapter:
Management Accountants' Skills and Competencies: How Business Analytics Tools Reshape the Future
Giorgio Cinciripini (Asso Controller, Italy), Edoardo Crocco (University of Turin, Italy), Daniele Giordino (Università degli Studi di Torino, Italy), and Maurizio Grillini (Asso Controller, Italy)
Copyright: © 2023 |Pages: 17
DOI: 10.4018/978-1-6684-8386-2.ch002
Abstract
Information technology has profoundly disrupted the world as we know it. Advances in technology have enabled management accountants to gain access to an unprecedented amount of information, through the use of business analytics and machine learning tools. This research delves deeper into the above described context, in an attempt to collect empirical data on how business analytics tools have reshaped the modern day accounting profession and how they will continue to shape the future, according to management accountants themselves. In an effort to investigate the topic, several semi-structured interviews were conducted with management accounting professionals. Through the qualitative analysis of their contributions, the authors draw conclusions on how business analytics tools have affected their professional career, how they expect their future to be shaped, and to what extent they believe technology has allowed them to become more efficient.
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Chapter 5
Digitalisation in Accounting: Is It a Risk or an Opportunity?
Refers to the process of recording financial transactions and preparing reports on assets, liabilities and operations of a business.
Published in Chapter: Digitalisation in Accounting: Is It a Risk or an Opportunity?; From: Impact of Digitalization on Reporting, Tax Avoidance, Accounting, and Green Finance
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Chapter 8
The Relationship Between the Quality of Financial Information in Industrial Companies and Discretionary Inventory Management
Financial accounting is the process of recording, summarizing and reporting the transactions resulting from business operations over a period. The transactions are shown in financial statements, including the balance sheet, income statement and cash flow statement. Financial reporting occurs using financial statements. The financial statements present the classifications of financial data: revenues, expenses, assets, liabilities, and equity.
Published in Chapter: The Relationship Between the Quality of Financial Information in Industrial Companies and Discretionary Inventory Management; From: International Financial Reporting Standards and New Directions in Earnings Management
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Chapter 25
Authentication, Authorization, and Accounting (AAA) Framework in Network Mobility (NEMO) Environments
Accounting is the action of tracking the consumption of network resources by users.
Published in Chapter: Authentication, Authorization, and Accounting (AAA) Framework in Network Mobility (NEMO) Environments; From: Handbook of Research on Wireless Security
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Chapter 2
Ethics in Accounting and Finance: A South African Perspective
Accounting is the reliable, systematic, and transparent recording and communication of economic information in accordance with Generally Accepted Accounting Principles (GAAP).
Published in Chapter: Ethics in Accounting and Finance: A South African Perspective; From: Sustainability Reporting, Ethics, and Strategic Management Strategies for Modern Organizations
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Chapter 2
Making Women in Finance Count: Not Just Counting Women – Exploring Female Accountants' Experiences in SMEs in Greece During the COVID-19 Pandemic
The measurement, processing, and communication of financial and non-financial information about economic entities such as businesses and corporations.
Published in Chapter: Making Women in Finance Count: Not Just Counting Women – Exploring Female Accountants' Experiences in SMEs in Greece During the COVID-19 Pandemic; From: Handbook of Research on Exploring Gender Equity, Diversity, and Inclusion Through an Intersectional Lens
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Chapter 19
A Research About the Organizational Psychological Capital Levels of Certified Public Accountants
The process which is recording, classifying, summarizing, reporting, and analyzing the financial events.
Published in Chapter: A Research About the Organizational Psychological Capital Levels of Certified Public Accountants; From: Handbook of Research on Positive Organizational Behavior for Improved Workplace Performance
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Chapter 9
An Assessment of Forensic Accounting Skill Competencies for Minimizing Corporate Fraud and Damages: Empirical Evidence From Chartered Accountancy Students of India
It is the process of identification, recording, classifying, summarizing, reporting, and analyzing business transactions with the preparation of the final results of an organization.
Published in Chapter: An Assessment of Forensic Accounting Skill Competencies for Minimizing Corporate Fraud and Damages: Empirical Evidence From Chartered Accountancy Students of India; From: Handbook of Research on the Significance of Forensic Accounting Techniques in Corporate Governance
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Chapter 18
Benford Law and Earnings Analysis: International Comparison
The systematic process of identifying, recording, measuring, classifying, summarizing, interpreting, and communicating financial information.
Published in Chapter: Benford Law and Earnings Analysis: International Comparison; From: Handbook of Research on Accounting and Financial Studies
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Chapter 2
XBRL and Smart Technologies
The skill or activity of keeping records of the money a person or organization earns and spends.
Published in Chapter: XBRL and Smart Technologies; From: IT and the Development of Digital Skills and Competences in Education
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Chapter 32
Telecommunication Management Protocols
Accounting means the tracking of network resources by users. The typical information gathered in the accounting process is the identity of the user, the level of the services delivered, and the time interval in which the services were being used.
Published in Chapter: Telecommunication Management Protocols; From: Handbook of Research on Telecommunications Planning and Management for Business
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Chapter 13
An Assessment on Inflation Risk and Its Effects on Business Operations
Accounting, or accountancy, is the measurement, processing and communication of financial information about economic entities. Accounting, which has been called the “language of business”, measures the results of an organization's economic activities and conveys this information to a variety of users including investors, creditors, management, and regulators.
Published in Chapter: An Assessment on Inflation Risk and Its Effects on Business Operations; From: Handbook of Research on Strategic Developments and Regulatory Practice in Global Finance
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Chapter 18
Resource Usage Accounting in Grid Computing
Accounting, in the context of a computational infrastructure, is usually not defined as in finance, since it does not necessarily (but may) involve payment statements. It, instead, is defined as the gathering (including Metering), processing (e.g., aggregation) and reporting of resource usage information. Note that Accounting itself does not include Billing and Charging. The term “Economic Accounting” may be used in an economic context in which price or cost information is included in the Usage Records.
Published in Chapter: Resource Usage Accounting in Grid Computing; From: Handbook of Research on Grid Technologies and Utility Computing: Concepts for Managing Large-Scale Applications
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Chapter 7
Adoption of Accounting Information Systems in Businesses
It is the information system that enables the monitoring of financial transactions based on documents.
Published in Chapter: Adoption of Accounting Information Systems in Businesses; From: Structural Equation Modeling Approaches to E-Service Adoption
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Chapter 164
Pricing Quality of Service in Diffserv IP Networks
The process of monitoring, measuring and collecting of resource usage information, related to a single customer’s service utilization. It provides the accounting data, which represent the collection of resource consumption data, for the purposes of pricing, charging and information provisioning.
Published in Chapter: Pricing Quality of Service in Diffserv IP Networks; From: Encyclopedia of Networked and Virtual Organizations
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Chapter 7
Education 5.0 in the Context of Teaching Accounting
It's a recording system that helps organizations to keep economic and financial movements coherent, making it easier to make effective management decisions. It involves not only recording, but also summarizing, and reporting financial transactions to help managers to keep on track assets, liabilities, costs, and earnings.
Published in Chapter: Education 5.0 in the Context of Teaching Accounting; From: Internet of Behaviors Implementation in Organizational Contexts
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Chapter 9
Developing a Social Accounting System for European Social Enterprises Based on Public Accounting
is understood in its broadest notion, as “a complex”, as a group of diverse elements, comprised not only of accounting and measurement tools but also of ideas, goals, reports, standards, laws and the human actors operating in this broad and fluid field of accounting (Miller and Power, 2013, cited in Mäkelä 2021).
Published in Chapter: Developing a Social Accounting System for European Social Enterprises Based on Public Accounting; From: Accounting and Financial Reporting Challenges for Government, Non-Profits, and the Private Sector
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Chapter 9
Cost and Cost Politics in Airport Takeovers: Two Cases From North Carolina
The process and system of recording, measuring, and communicating financial information. In this paper, accounting refers specifically to the public management processes related to the financial structure of airports.
Published in Chapter: Cost and Cost Politics in Airport Takeovers: Two Cases From North Carolina; From: Building a Sustainable Transportation Infrastructure for Long-Term Economic Growth
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Chapter 179
Digital Identity in Current Networks
It involves the recording and logging of entities and their activities within the context of a particular organisation, Web site, and so forth. Effective accounting processes enable an organisation to track unauthorised access when it does occur.
Published in Chapter: Digital Identity in Current Networks; From: Encyclopedia of Information Science and Technology, Second Edition
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