Dąbrowa Górnicza, Poland

Accounting and Taxation

Rachunkowość i podatki

Bachelor's
Table of contents

Accounting and Taxation at AWSB

Field of studies: Finance and Accounting
Language: PolishStudies in Polish
Subject area: economy and administration
Kind of studies: full-time studies, part-time studies

Definitions and quotes

Accounting
Accounting or accountancy is the measurement, processing, and communication of financial information about economic entities such as businesses and corporations. The modern field was established by the Italian mathematician Luca Pacioli in 1494. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of users, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms.
Taxation
Every good citizen … should be willing to devote a brief time during some one day in the year, when necessary, to the making up of a listing of his income for taxes … to contribute to his Government, not the scriptural tithe, but a small percentage of his net profits.
Cordell Hull, remarks in the House, April 26, 1913, Congressional Record, vol. 50, p. 505.
Taxation
The Inland Revenue is not slow, and quite rightly, to take every advantage which is open to it under the Taxing Statutes for the purposes of depleting the taxpayer’s pocket. And the taxpayer is in like manner entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Inland Revenue.
James Avon Clyde, Lord Clyde (1863-1944), Ayrshire Pullman Motor Services and Ritchie v. Inland Revenue (1929) 14 Tax Case 754.
Accounting
… without idealism, politics becomes a form of accounting, a management of purely material interests.
Ian Buruma What’s Left After 1989?

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