Wikipedia Accounting is the famous article of Wikipedia.org. Its accounting content is divided into 3 parts. In beginning of content, it defines, "Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers." The general areas of accounting are financial accounting, cost accounting, and management accounting. Accounting includes records and presentation and analysis of financial statements. Now, we are explaining its 3 parts.
Ist Part
Etymology of Accounting
As per wikipedia, accounting and accountant both words had been taken from french and Latin language.
2nd Part
History of Accounting
Recently, I started to add the content "Proof of Beginning of Accounting in Vedas" in wikipedia's accounting article. In which, I mentioned, "Vedas are the oldest books of the world and after deep study of these sanskrit books, you can find that accounting was started at India's vedic period. Vikraya is found in the Atharvaveda and the Nirukta denoting ‘sale’. Sulka in the Rig veda clearly means ‘price’. In the Dharma Sutras it denotes a ‘tax’
You can add more reference in it. More history is explained by me at here.
3th Part
Accounting scandals
dd In this part Wikipedia explained big corporation accounting scandals. One of most important accounting scandal is Enron scandal . Through the use of accounting loopholes, special purpose entities, and poor financial reporting, were able to hide billions in debt from failed deals and projects. Wikipedia also opens new page for accounting scandals, in which you can study Notable accounting scandals from 1980 to 2010. This page is also important for new and fresh CAs and auditors who are learning "how to unveil accounting scandals in big organisation?"
