Corporation is a business organization that is both a legal and accounting entity.
- Corporation. Business organization that is both a legal and accounting entity.
- Corporation. A legal entity created by a state, separate and distinct from its owners and managers, having unlimited life, easy transferability of ownership, and limited liability.
According to Management by Robbins and Coulter (14th edition),
- Corporation. A legal business entity that is separate from its owners and managers.
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.