BM1802

Name: Ma. Cheline Krishna R. Cortiñas BSA202 DATE: SCORE:

VENN DIAGRAM

INSTRUCTIONS: Write the similarities and differences of the definition given by three (3) authoritative bodies
in accounting. Use the Venn diagram to illustrate your ideas.

Accounting is a service-oriented profess
ion. 
Its purpose is to give quantitative inform
ation regarding economic entities, prima
rily financial in nature, that can be used 
to make economic decisions.

Basis of economic
Recording financial decisions
in nature

To provide
financial
information

Accounting is the technique of

recording, classifying, and summarizing Accounting is the process of identifying ,
in a meaningful way and in terms of measuring, and disseminating economic data
money transactions or events that are at so that users of the data may make informed
least partially financial in nature, as well judgments and decisions.
Interpreting the
as analyzing the findings
financial statement

01 Activity 1 *Property of STI

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