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Accounting is the measurement, processing and communication of economic information about economic entities 15 sixteen akin to businesses and corporations The modern subject was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been referred to as the “language of business”, 18 measures the outcomes of a corporation’s economic activities and conveys this information to a wide range of customers, including traders , collectors , management , and regulators 19 Practitioners of accounting are often known as accountants The phrases “accounting” and “financial reporting” are often used as …View More Try Dropbox Enterprise Free Trial