Question

When there are so many other options, why do you suppose accounting would be considered the language of business?

If accounting standards differ by country – and some do – what are your thoughts about how the phrase could still be true?

Thinking about your experience as a consumer, share an example of how accounting could be considered a language of business.

Answer 1

There are many other option but we only choose Accounting beacuse Accounting is often called the language of business; it is the language that managers use to communicate the firm's financial and economic information to external parties .Financial Accounting is the first basic thing we need to learn before setting up any work.

For example,

Man expresses his feelings through language in written and verbal form, similarly, various information of thebusiness organization are presented through accounting statements.

In language, efforts are made to express a particular feeling using words one after another .Iin accounting, financial transactions are recorded in books of accounts.Accounting presents and communicates various information in the form of statements and reports.

With the changes in society and human life languages are changing. Similarly with the advancement and complexity of business accounting language is changing gradually.

Therefore, it is apt to say, Accounting is the language of business.