ACCOUNTING

Accounting is the discipline that is responsible to identify, measure and quantify the wealth of enterprises, in order to serve the decision-making and control, presenting the information previously recorded, so systemic and useful for different stakeholders . It is a technique that produces systematic and structured quantitative data, expressed in monetary units about transactions carried out by the economic entities and certain identifiable and measurable economic events that affect it, with the aim of providing the various stakeholders, make decisions relationship with these entities. Other items listed accounting as a part of the economy, and that the scope of the company his main task is to help the area Administración.1
The final product of accounting are all financial statements or financial statements which are those that summarize the economic and financial situation of the company. This information is useful for managers, regulators and other stakeholders such as shareholders, creditors or owners.
Accounting as Science and Technology
• Science: Since it is a true knowledge. There is an assumption of facts without any relevance, in contrast, analyzes each fact in all economic and apply knowledge acquired. Systematic knowledge is verifiable and fallible. Looking through the formulation of hypotheses, the construction of sets of logical ideas (theories) that can predict and explain phenomena related to its object of study. In order to identify phenomena or events that provide great information for better performance.
• Technical: Because it works based on a set of procedures or systems to collect, process and report useful data relating to heritage. It is a series of steps to perform a task and the task is accounting registration, bookkeeping.