Nikkei Asian OverviewNovember 25, 2017
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Accounting is the measurement, processing and communication of monetary information about economic entities 15 16 reminiscent of companies and corporations The trendy area was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been called the “language of enterprise”, 18 measures the results of a corporation’s economic actions and conveys this information to a wide range of customers, together with buyers , creditors , management , and regulators 19 Practitioners of accounting are referred to as accountants The terms “accounting” and “financial reporting” are sometimes used as synonyms.
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Some specialised companies may also require licenses, either because of legal guidelines governing entry into sure trades, occupations or professions, that require particular schooling or to lift income for local governments. Professions that require special licenses embody regulation, medication, piloting aircraft, promoting liquor, radio broadcasting, promoting funding securities, selling used vehicles, and roofing. Native jurisdictions may also require particular licenses and taxes simply to function a business.