Accounting has been around for centuries. The Romans had a modern tax system complete with sales tax, land tax and a flat rate citizen tax. The Roman Empire employed tax collectors that kept track of collections through a rudimentary accounting system. Today, accounting is a career. Most U.S. colleges and universities offer tax or accounting degrees at the bachelor's, masters and doctorate levels.
The European Union has reached agreement on reforms to financial supervision, officials have said.
The head of the U.S. central bank says the bank will strictly enforce new rules to prevent another financial crisis like the one that has disrupted the global economy for the past two years.
Businesses are structured in different ways to meet different needs.
New financial figures released by Toyota suggest the embattled Japanese automaker is recovering from the global economic crisis and a series of recalls due to quality issues.
President Barack Obama has signed legislation to reform the business practices of U.S. financial institutions. Passing the bill was one of the administration's major priorities.
Plans for a massive anti-government demonstration later this week have business leaders worried about potential economic damage. Tourism is particularly vulnerable.
Vietnamese agricultural products find it difficult to reach consumers as imported products are still getting the upper hand.
One thing the nation's next leaders don't talk about is growth.
Vietnam's central bank is encouraging lenders to tighten credit for some borrowers, an early sign that Asian economies are preparing to rein in stimulus spending if the world economy continues to recover.