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Welcome to the I Can't Sleep Podcast, where I read random articles from across the web to bore you to sleep with my soothing voice.

I'm your host, Benjamin Boster, and today's episode is from a Wikipedia article titled Accounting.

Accounting, also known as accountancy, is the process of recording and processing information about economic entities,

such as businesses and corporations.

Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders,

including investors, creditors, management, and regulators.

Practitioners of accounting are known as accountants. The term accounting

and financial reporting are often used interchangeably. Accounting can be divided into several

fields, including financial accounting, management accounting, tax accounting, and cost accounting.

Financial accounting focuses on the reporting of an organization's financial information,

including the preparation of financial statements to the external users of the information,

such as investors, regulators, and suppliers.

Management accounting focuses on the measurement, analysis, and reporting of information for

internal use by management to enhance business operations.

The recording of financial transactions so that summaries of the financials may be presented in financial reports is known as bookkeeping, of which double-entry bookkeeping is the most common system.

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