Accounting and Economics
The theoretical basis of the central concepts with which accounting is concerned, including profit, cost, revenue and capital is derived from economics. In turn, accounting concepts play an important role in economics, most notably in relation to national accounts.
Read more about this topic: Accounting Scholarship
Famous quotes containing the words accounting and/or economics:
“I, who am king of the matter I treat, and who owe an accounting for it to no one, do not for all that believe myself in all I write. I often hazard sallies of my mind which I mistrust.”
—Michel de Montaigne (1533–1592)
“The new sound-sphere is global. It ripples at great speed across languages, ideologies, frontiers and races.... The economics of this musical esperanto is staggering. Rock and pop breed concentric worlds of fashion, setting and life-style. Popular music has brought with it sociologies of private and public manner, of group solidarity. The politics of Eden come loud.”
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