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Accounting is the measurement, processing and communication of financial information about financial entities 15 sixteen resembling businesses and companies The modern area was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been called the “language of business”, 18 measures the outcomes of a corporation’s financial activities and conveys this information to a variety of customers, including traders , creditors , management , and regulators 19 Practitioners of accounting are generally known as accountants The phrases “accounting” and “monetary reporting” are sometimes used as synonyms.
One of many world’s leading tutorial specialists on media economics and administration and authorities communications insurance coverage policies, Picard is a senior analysis fellow on the Reuters Institute for the Look at of Journalism, Division of Politics and Worldwide Relations, College of Oxford, and a fellow of the Royal Society of Arts. He was beforehand Director of Evaluation on the Reuters Institute and a research fellow at Inexperienced Templeton College, Oxford, He additionally holds faculty posts at IESE Business School in New York, Tampere College, Finland, College of Canberra, Australia, and the Center for Media Administration and Economics, Tsinghua University, China.