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Accounting is the measurement, processing and communication of financial information about economic entities 15 16 similar to companies and corporations The trendy area was established by the Italian mathematician Luca Pacioli in 1494. 17 Accounting, which has been referred to as the “language of business”, 18 measures the outcomes of a corporation’s economic actions and conveys this info to a variety of customers, together with buyers , creditors , management , and regulators 19 Practitioners of accounting are known as accountants The phrases “accounting” and “monetary reporting” are sometimes used as synonyms.
Safety is a key enterprise idea that is outlined by Merriam-Webster because the condition of being protected from undergoing or inflicting harm, damage, or loss”. 21 Accidents value businesses billions of dollars annually. 22 Studies have shown how firm acceptance and implementation of complete safety and well being management methods reduces incidents, insurance coverage costs and workers’ compensation claims. 23 New applied sciences, like wearable safety gadgets 24 and out there on-line safety training, continue to be developed to encourage employers to put money into protection beyond the ” canary in the coalmine ” and scale back the fee to companies of protecting their employees.