Explain the terms Accounting and Accountancy

Earlier article describes the difference between accounting and bookkeeping and accounting and management accounting. Below explain the term Accountancy which normally been used loosely with Accounting


  • the systematic knowledge of accounting that explains the various aspects of accounting.
  • It explains ways how to prepare the books of accounts and why such preparation are to be made and how the summary of information can be communicate to the users.

{ click here to the Content Page on Introduction to Accounting }

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.