Accounting is the process of detecting, measuring, documenting, analysing, interpreting, and communicating financial information in a systematic manner. It entails summarising and reporting a company's or organization's financial transactions and operations. Accounting gives valuable insights into a company's financial health, performance, and position, assisting stakeholders in making educated decisions. It includes a variety of tasks such as financial statement preparation, budget management, auditing, and financial analysis and recommendations. Accounting, in general, is critical in monitoring, analysing, and presenting financial information to internal and external consumers.