Accounting Finance: Banking

Accounting is the systematic process of recording, classifying, and reporting financial transactions. It provides a "scorecard" of a business's health by looking backward at what has already occurred.

The fields of accounting, finance, and banking are often called the "three pillars" of the financial world. While they are deeply interconnected, they serve distinct roles in the economy: records the past, finance plans the future, and banking provides the infrastructure to move and protect money. 1. Accounting: The Language of Business accounting finance banking