What is Accounting?

Accounting is a process that begins with recording, grouping, processing and presenting data, recording any transactions related to finance. Accounting functions are important for providing information and as decision-making materials. Accounting is very commonly applied in the business and industrial world. The role of accounting can also be applied to the fields of government, politics, social, culture and other organizations. As for the person who performs accounting tasks is referred to as an accountant. The purpose of accounting in general is to provide information about finance, be it assets or passiva of the company, to related parties. The preparation of financial statements becomes the most common and most basic accounting task. There are many benefits of accounting, among others as financial information for parties in need, as financial evaluation materials, as financial evidence that can be accounted for, as well as helping the economic record of a family, company or institution.

The following will be explained the definition of accounting according to experts, the meaning of accounting according to KBBI as well as the definition of accounting in general. 

The Meaning of Accounting According to KBBI 

Understanding accounting according to KBBI (Kamus Besar Bahasa Indonesia) is the theory and practice of accounting, including responsibilities, principles, standards, prevalence (habits), and all its activities. Accounting is also defined as the art of recording and circading financial transactions and interpretation of the consequences of a transaction against an economic entity. 

Definition of Accounting In General The definition of accounting in general is the process of measuring, elaborating, or providing certainty about information that will help managers, investors, authorities, and other decision makers to make allocation of decision resources within companies, organizations, and government agencies. The definition of accounting is briefly the art of measuring, communicating and interpreting financial activities within a particular company, institution or organization. Understanding Accounting According to Experts The following are some definitions and definitions of accounting according to experts and the full explanation. 

According to Charles T. Horngren and Walter T. Harrison 

Accounting is an information system that measures business activity, processes data into a report, and communicates the results to decision makers. 

By Littleton (2002) 

Accounting understanding according to Littleton is an activity that aims to carry out periodic calculations between costs (efforts) and results (achievements). This is the essence of accounting theory as a measure that is used as a reference in studying accounting. 

According to Kieso and Weygandt (2016) 

The meaning of accounting according to Kieso and Weygandt is an information system that starts from classifying, recording and communicating all economic events of the organization or company to the party that has an interest in the information. 

According to Warren et al (2005) The definition of accounting according to Warren et al is an information system that generates reports to interested parties regarding economic activity and the condition of the company.

According to Kusnadi (2000)

Understanding accounting according to Kusnadi is an art or skill to process transactions or events that can at least be measured by money into financial statements in such a systematic way based on generally recognized principles so that interested parties to the company can know its financial position and operating results at any time needed and thereof can be taken decisions and selection of various alternatives in the field of economics.

According to Rudianto

The meaning of accounting according to Rudianto is an information system that produces reports to interested parties regarding economic activity and the condition of a business entity.

According to Wilopo (2005)

According to Wilopo, accounting is a process of identifying, measuring and reporting economic information, to enable clear and unequivocal assessments and decisions for those who use such information.

By C. West Churman

The definition of accounting is a useful written experience for decision making and a valuable structured experience for choice making.

According to Hans Kartikahadi (2016)

Accounting is a financial information system, which aims to generate and report relevant information to various interested parties.

According to Abu Bakar A and Wibowo

Accounting is defined as a process of recording, identifying and communicating all economic transactions of the company.

According to Suparwoto L (1990)

Understanding accounting according to Suparwoto is a system to measure and manage financial transactions and provide the results of such management in the form of information to internal and external parties of the company, can be investors, government creditors, trade unions, and others.

According to S. Munawir (2005)

Munawir states that the notion of accounting is an art rather than recording, categorizing and summarizing events and events and at least as financial in a way that is as fast as possible and instructed or expressed with money, and the interpretation of things arising from it.

According to Sophar Lumbantoruan.

Accounting definition is a tool used as a business language where the information submitted is only able to be understood if the accounting mechanism has been understood.

According to Mulyadi

The meaning of accounting according to Mulyadi is defined as the organization of forms, records and reports coordinated in such a way as to provide financial information needed by management to facilitate the management of the company.

By Horngern (2000)

According to Horngern, the definition of accounting is as a process of recording, measuring and delivering economic information in order to be used as the basis for decision making or wisdom.

According to Dr.M Gede

Accounting according to Dr.M. Gede is an applied science and recording art that is carried out continuously according to the rules and systems, the processing and analysis of such records can be arranged in the form of financial statements as a tool of accountability from the leadership of the company and institutions to the results of its work.

According to Paul Grady

The definition of accounting is a body of knowledge and has organizational functions in a composed, original, authentic, analyzing and interpreting all events and transactions and financial analysis that will occur in accounting activities to provide information that is fully informed by management about all reports and accountability for the trust received.

According to Arnold

According to Arnold, accounting is a system for providing information (especially financial) to anyone who has to make decisions and control the application of those decisions.

According to Sunyanto (1999)

The meaning of accounting is a stage of the process of collection, identification, recording, classification, compaction and presentation / reporting of financial transactions and interpretation of the results for decision making.

According to Frederich D.S. Choi and Gerhard G. Mueller

Accounting is a process of identifying, measuring and communicating economic information in order to enable users to make judgments and decisions.

According to Winarno (2006)

Understanding accounting is a process of recording and processing transaction data and presenting information to the rightful and interested parties.

According to Soemarsono S.R (2004)

According to Soemarsono, accounting is a process of identifying, measuring and reporting economic information to enable clear and firm assessments and decisions for those who use such information.

According to Henry Simamora (2005)

The definition of accounting is a process of measuring the economic activities of an entity in units of money and communicating the results to the parties concerned.

According to Paradise A. The World

Accounting is an information system that provides reports to various users or decision makers regarding the business activities of an economic entity.

According to Sofyan Harahap (2005)

Accounting according to Sofyan Harahap is interpreted as the process of identifying, measuring, and conveying economic information as an information material in terms of considering various alternatives in drawing a conclusion by the wearer.

According to Zaki Baridwan (2000)

Understanding accounting is a service activity, its function is to provide quantitative data, especially those that have a financial nature, from economic efforts that can be used in economic decisions in having alternatives in a situation.

According to Slamet Sugiri and Bogat Agus Riyono (2008)

The meaning of accounting is a service activity whose function is to provide quantitative information, especially financial ones, about the economic entity in question in order to be useful in economic decision making in the making of basic choices of various alternative actions.

According to Bastian and Suharjono (2006)

Accounting is the art of recording, classifying, and circling financial transactions and events in a meaningful way and in units of money and interpreting the results.

According to Kohler's Dictionary

The definition of accounting according to Kohler's Dictionary is the recording art of the financial transaction process

According to the American Accounting Association (AAA)

The definition of accounting according to the American Acounting Association (AAA) is a system of identification and measurement to provide economic info reports and assessments.

According to the Accounting Principle Board (ABP)

Accounting understanding according to the Accounting Principle Board (APB) is a service activity that is to provide quantitative information, especially those that have the nature in economic decision making in providing logical choices among various alternative actions.

According to the American Insititue of Certified Public Accounting (AICPA)

The definition of accounting according to the American Institute of Certified Public Accounting (AICPA) is the art of recording, categorizing, and circling in certain ways in monetary measures, transactions, and events that are generally financial including interpreting the results.

Now that's a reference to the understanding of accounting according to experts and its meaning and definition in general. Hopefully it can be a reference and add insight to the knowledge.