1. History and Basics of Accounting
All this has solidified Pacioli's place in history as the "Father of Accounting.... For every transaction that takes place, at least two accounts are affected, and this redundancy helps minimize errors. ... Many smaller companies have a bookkeeper on staff, or if the company is small enough, a manager or a secretary may be responsible for bookkeeping duties. These smaller companies usually will hire public accountants to do specific tasks for them, instead of having them as full time employees. ... The accounting cycle is a nine step process, the first three of which, as Carol Wiley...
- Word Count: 1291
- Approx Pages: 5
- Has Bibliography
- Grade Level: Undergraduate