I see individuals on daily basis that cannot or won’t handle their cash. Accounting is the measurement, processing, and communication of financial details about economic entities 15 sixteen resembling companies and firms The trendy area was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been called the “language of business”, 18 measures the outcomes of a company’s economic actions and conveys this information to quite a lot of users, including investors , creditors , management , and regulators 19 Practitioners of accounting are often known as accountants The phrases “accounting” and “monetary reporting” are sometimes used as synonyms.