Filamer Christian University
COLLEGE OF COMPUTER STUDIES
Roxas City
Assignment # 1
Name Hugo Andreas Sebastian F. Almasol
Section: BSIT-2A
What is Accounting?
Answer: Accounting is a process where financial transactions of
businesses are recorded. It is a systematic process of identifying,
measuring, recording and summarizing of financial information.
What is the importance of accounting?
Answer: Accounting has a vital role in a business it helps you keep
track of your incomes and transactions, provides investors, management
and government of financial information.