In 2003, for example, China modeled 80% of its state-owned enterprises on a company-type management system. Many state institutions and enterprises in China and Russia have transformed into joint-stock companies, with part of their shares being listed on public stock markets. Accounting 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. The terms “accounting” and “financial reporting” are often used as synonyms. In legal parlance, the owners of a company are normally referred to as the “members”.
- In Singapore, the regulatory authority is the Monetary Authority of Singapore , and in Hong Kong, it is the Securities and Futures Commission .
- We strictly monitor our supply chain during manufacturing, are careful to design for energy efficiency, and work to make our products as recyclable as possible.
- Information, grants, services