Quality and Quantity in Accountancy

The present paper is a synthesis of the scopes of accounting in understanding the economic processes and transactions from a quantitative and qualitative point of view. The economic cycle is a continuous set of choices and decisions (of maintaining, developing, correcting) based on the information supplied through accounting. The input information that is processed can be incorrect, then processed with correct models, and the outputs can be correct, incorrectly processed and with incorrect results.