Generally, Luca Pacioli is considered the father of accounting. For more information about him and double entry system he developed, go to the link below at answers.com ...... More »
Typically, it involves the theory of credit and debit, balance sheets, income statements, controlling accounting accounts, subsidiary ledgers, work sheets, depreciation methods, and financial accounting theory. ...... More »
Accounting Departments are usually structured along functional lines: Accounts Payable, Accounts Receivable, Payroll, General Ledger, Sales Transactions, Inventory, etc. A small company may have one person performing more than one (sometimes all) ...... More »
Accounting has to do with the company finances. Marketing has to do with company public relations, advertising, and product placement. The difference is accounting only deals with financial figures where marketing works on creating those figures. ...... More »
The accounting rules are called the 'golden rules of accounting' i.e.
Debit what comes in, and credit what goes out Debit the receiver and credit the giver Debit all expenses and loss and credit all incomes and gains...... More »
