Accounting information is comparable if similar items are treated the same way among various companies highlighting similarities and differences between events and conditions.
What is accounting ?
Accounting is the process of documenting a company's financial transactions. Accounting comprises summarizing, evaluating, and reporting these transactions to oversight organizations, regulators, and tax collecting authorities.
Accounting is a back-office activity in which staff do not have direct contact with clients, product development, or production. Accounting, on the other hand, is critical to a company's strategic planning, growth, and compliance obligations.
Accounting is required for business growth. Accounting is required for funding. Accounting is required in order to make and collect payments.
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Word count - 103 words
