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Accounting, although mainly associated with finance, is basically being able to justify or prove something. You can in turn, be held accountable for your actions, give a good account of yourself or give your account of something that has happened. Translated into the more "popular" world of finance, accounts basically give a true, complete and accurate "account" of how monies are controlled.
Accounting refers the process of financial data collecting, summarizing, analysing, recording over a period and enabling for management decision.
