A weblog for Small Business Consultants and the distributors who serve them. Accounting is the measurement, processing and communication of economic information about economic entities 15 sixteen similar to businesses and firms The modern discipline was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been referred to as the “language of business”, 18 measures the results of a corporation’s economic actions and conveys this information to a variety of customers, together with traders , collectors , administration , and regulators 19 Practitioners of accounting are known as accountants The phrases “accounting” and “monetary reporting” are sometimes used as synonyms.
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Safety is a key business concept that is defined by Merriam-Webster because the situation of being safe from undergoing or inflicting damage, injury, or lossâ€. 21 Injuries cost businesses billions of dollars annually. 22 Studies have proven how company acceptance and implementation of comprehensive security and health management techniques reduces incidents, insurance costs and workers’ compensation claims. 23 New applied sciences, like wearable security devices 24 and obtainable on-line security coaching, proceed to be developed to encourage employers to spend money on safety past the ” canary in the coalmine ” and scale back the cost to businesses of defending their workers.
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