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Accounting can really be considered the “language of business”. What does this actually mean? With the...

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Accounting

Accounting can really be considered the “language of business”.What does this actually mean? With the increase of businesses beingconducted internationally explain why it might be necessary tocreate an international accounting language. What would be thepossible benefits and drawbacks of establishing such a universalbusiness language?

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Accounting is often called the Language of business It is a means of communicating information about a business Its responsibility is applying a thorough knowledge of the theory of accounting that is generally accepted principles of accounting to the practical field of business in order that income and financial position may be stated fairly Financial accounting is often    See Answer
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