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Accounting is the measurement, processing and communication of financial details about financial entities 15 16 comparable to companies and companies The trendy discipline was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been called the “language of business”, 18 measures the results of a company’s financial actions and conveys this data to a variety of users, together with traders , creditors , administration , and regulators 19 Practitioners of accounting are known as accountants The terms “accounting” and “financial reporting” are sometimes used as synonyms.
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