I see individuals day-after-day that can’t or is not going to manage their cash. Accounting is the measurement, processing, and communication of financial details about economic entities 15 16 comparable to businesses and firms The modern field was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been called the “language of enterprise”, 18 measures the results of a corporation’s financial actions and conveys this information to quite a lot of users, together with buyers , collectors , administration , and regulators 19 Practitioners of accounting are generally known as accountants The terms “accounting” and “financial reporting” are sometimes used as synonyms.