Accounting

Lecture on Purpose of Accounting

Lecture on Purpose of Accounting

Basic purpose of this lecture is to presentation on Purpose of Accounting. The major purpose of accounting is to identify, record, and communicate the economic events of an organization and also interested users. There are two major groups of users of financial information internal users and external users. This lecture explain overall factor of Accounting, accounting process and theories like Basic Accounting Equation, Owners’ Equity, Transactions Analysis and Financial Statements.