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- ICAI: The Institute of Chartered Accountants of India (ICAI) defines accounting as “the process of recording, classifying, summarizing, and interpreting financial transactions to provide meaningful financial information.”
- Merriam-Webster.com: According to Merriam-Webster.com, accounting is defined as “the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results“
- AICPA: The American Institute of Certified Public Accountants (AICPA) defines accounting as: “The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least of financial character, and interpreting the results thereof.”
