Good Day everyone right here on scorum, it is a delight to be back doing what we know how to do best. Which is bringing detailed information to everyone right here.
That being said, the highlight for consideration today is accounting as a science. Moving on, we would first be explaining some keywords, before jumping straight to the details.
• Accounting: Accounting according to accounts experts, can be defined as a process of recording and organizing financial data. This is done, in other to ascertain the progress of a business.
• Science: Next up is science. Science can be defined as a study concerning the systematic and repetitive manner of doing things.
That being said, we would be focusing on the systematic and repetitive side of accounting. Although, it is noteworthy to consider that accounting also has an intuitive and creative side (Art). However, that would be a topic for another day.
The science of accounting
So, accounting is considered a science by many scholars thanks to the fact that it covers a systematic and repetitive body of knowledge.
More to that, there is also the experimental side to accounting as well. Leading to many describing it as a science of business. More to that, while most rules in accounting change, numerous accounting rules remain stagnant and are repetitive.
Leading many to conclude that accounting is a science.
Conclusion
The aforementioned details have highlighted facts supporting accounting as a science.
The next article to be published on this channel would be directing focus to account as an art. Kindly stay tuned.
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