Donald Bowman CPA, MBA

Business- Department of Accounting

Welcome to Accounting 1A - Financial Accounting

It has been said many times that “Accounting is the Language of Business”.  All business activities are summarized and recorded numerically.  The summarizations of these transactions are called financial statements and form the starting point for both internal and external users of business information.  While there are many additional explanations in the foot notes sections of external financial statements, the statements themselves still become the starting point.  Since financial statements are universal in nature (subject to various accounting principles and practices), accounting truly is a universal language and the language of business.