Introduction

What is Accounting ?

Objectives

• Organizing financial data
• Assessing value and situation of a comapny
• Translating flows and operations to financial accounts (to reflect the assets and performace of a company)

Specific Objectives

• Determine the value of a company's assets
• Proof between organizations transactions
• Inform partners, suppliers, employees, etc.( THE STAKEHOLDERS)
• Produce summary documents on a company's financial situation

Roles

• Informing and communicate with stakeholders
• Monitoring and forecasting a company's financial situation
• Tracing the organization's history
• Providing information for calculations and explanation of performance and value

Stakeholders

Accounting Process