According to American INSTITUTE of Certified Public ACCOUNTANTS (AICPA), "Accounting is the art of recording, CLASSIFYING and summarizing in a significant manner and in terms of money transactions and events which are, in part at LEAST, of a financial character and interpreting the results there of."

American Accounting Association (AAA) has defined accounting as "the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by users of the information."

According to American Institute of Certified Public Accountants (AICPA), "Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money transactions and events which are, in part at least, of a financial character and interpreting the results there of."

American Accounting Association (AAA) has defined accounting as "the process of identifying, measuring and communicating economic information to permit informed judgements and decisions by users of the information."