What is accounting?

It is true that accounting is the language of business. Traditionally, the accounting process involves record keeping – recording, classifying, reporting, and interpreting economic events. But accounting today is so much more. Now, the accountant is an even more valuable member of the corporate strategic team with involvement in the corporation’s planning, evaluating, and forecasting of the future. Broadening areas of accounting include consulting in information systems design and management advisory services which are leading fields of expansion.