Accounting

       Knowing What Acoounting Is

       Accounting is the art of recording, classifying, and summarizing in a significant manner and in the terms of money, transaction and events which are in part at least of financial character and interpreting the result there of. This meaning from AICPA (American Institute of Certified Public Accountants). There are six sectors in accounting, they are :

1. Financial Accounting
2. Cost Accounting
3. Budgetary Accounting
4. Tax Accounting
5. Auditing
6. Governmental Accounting

       The history of accounting is start by seller from Genoa, Italia (Venesia), they try to execute simple registry. Then rise a book with the tittle "Summa de Arithmatica, Geometrica, Pro Portioninet Proportionality" which the writer is Lucas Paciolo in 1494. Starting bookkeeping with the system double entry, often called debit credit. Then this system is increase and called anglo saxon system.

        Financial Accounting is identical with general accounting. Its object is financial transaction which report for internal and external concern importance. Financial report consist of : Balance Sheet, Comprehensive Income Statement, Statement of changes in Equity, Cash Flow, and Note the change of Financial Statement.