Accounting is the language of business.
It is a service activity whose function is to provide quantitative information, primarily financial in nature, about economic entities that is intended to be useful in making economic decisions. The purpose of the major in accounting is to acquaint the student with the sources and uses of financial information and to develop the analytic ability necessary to produce and interpret such information. MAT 2702 Introduction to Statistics 3. A study of accounting principles and concepts with emphasis on their application in financial statements. The use of accounting in business management and in decision making is stressed.