What is 'Accounting'

Accounting is the systematic and comprehensive recording of financial transactions

pertaining to a business.
Nature of Accounting
The nature of accounting information has been dictated from time immemorial by the needs of the users
of the day.

Forms of Business Organization

(provided by the Missouri Small Business and Technology Development Centers)
One of the first decisions that you will have to make as a business owner is how the business should
be structured. All businesses must adopt some legal configuration that defines the rights and
liabilities of participants in the businesss ownership, control, personal liability, life span, and financial
structure. This decision will have long-term implications, so you may want to consult with an
accountant and attorney to help you select the form of ownership that is right for you. In making a
choice, you will want to take into account the following:
Your vision regarding the size and nature of your business.
The level of control you wish to have.
The level of structure you are willing to deal with.
The businesss vulnerability to lawsuits.
Tax implications of the different organizational structures.
Expected profit (or loss) of the business.
Whether or not you need to re-invest earnings into the business.
Your need for access to cash out of the business for yourself.

Branches
1. Financial Accounting
Financial accounting involves recording and classifying business transactions, and preparing and
presenting financial statements to be used by internal and external users.

2. Managerial Accounting
Managerial or management accounting focuses on providing information for use by internal users,
the management.
3. Cost Accounting
Cost accounting is very useful in manufacturing businesses since they have the most complicated
costing process.

4. Auditing
External auditing refers to the examination of financial statements by an
independent party with the purpose of expressing an opinion as to fairness of
presentation and compliance with GAAP. Internal auditing focuses on evaluating the
adequacy of a company's internal control structure by testing segregation of duties,
policies and procedures, degrees of authorization, and other controls implemented
by management.
5. Tax Accounting
Tax accounting helps clients follow rules set by tax authorities. It includes tax
planning and preparation of tax returns.
6. Accounting Systems
Accounting systems involves the development, installation, implementation, and
monitoring of accounting procedures and systems used in the accounting process.
7. Fiduciary Accounting
Fiduciary accounting involves handling of accounts managed by a person entrusted
with the custody and management of property of or for the benefit of another
person.
8. Forensic Accounting
Forensic accounting involves court and litigation cases, fraud investigation, claims
and dispute resolution, and other areas that involve legal matters.

Atoms are the basic units of matter and the defining structure of elements. Atoms are made
up of three particles: protons, neutrons and electrons.

Atomic structure
All material things are made from atoms. There are just over one hundred different types of
atom, called elements. Atoms can join together in millions of different combinations to
make all the substances on Earth and beyond.

Structure of the atom

Every atom is made of a nucleus consisting of protons and neutrons. The nucleus is surrounded by electrons.
Protons and electrons are oppositely charged. Neutrons have no charge. This means the nucleus of an atom is
always positively charged.
An atom has a neutral overall charge because it has the same number of electrons as protons.
Protons and neutrons have the same mass. Electrons have such a small mass that this can usually be taken as
zero.

In chemistry and physics, Dalton's law (also called Dalton's law of partial pressures)
states that in a mixture of non-reacting gases, the total pressure exerted is equal to the
sum of the partial pressures of the individual gases.[1] This empirical law was observed
by John Dalton in 1801 and is related to the ideal gas laws.

Humanities are academic disciplines that study human culture.

The different branches of humanities include literature, art, music, philosophy, history,
religion and language. People use the humanities to document and explore the human
experience, and there are further branches that intersect with the scientific world.
Scope

-Visual Arts
Perceive by our eyes
-The graphic arts
All processes and products of the printing industry.
-The plastic arts
All fields of the visual arts in which materials are organized into three dimensional
forms.
-Literature
The art of combining spoken words and their meanings into forms which have artistic
and emotional appeal.
-Music
The art arranging sound in rhythmic succession and generally in combination.
-Drama and Theater
A story or re-created by actors on stage in front of an audience.
-Dance
Involves the movement of the body and feet in rhythm.
Art is a diverse range of human activities in creating visual, auditory or performing artifacts
(artworks), expressing the author's imaginative or technical skill, intended to be appreciated for their
beauty or emotional power.[1][2] In their most general form these activities include the production of
works of art, the criticism of art, the study of the history of art, and the aesthetic dissemination of art.