Accountancy

Accountancy is the field that involves recording, analyzing, and reporting a business's financial transactions. It provides essential information about a company's financial health, helping stakeholders make informed decisions. Accountants prepare financial statements, track income and expenses, and ensure compliance with laws and regulations. Essentially, accountancy acts as the business's financial language, translating complex transactions into clear reports that reflect its economic position and performance. This discipline supports transparency, accountability, and strategic planning across all types of organizations.