Ccounting is considered a set of practices related to accounts, transactions and funds tracking. It helps the company to keep healthy relations with its stakeholders, partners as well as customers. It is believed that accounting is an ancient practice. It is possible to trace its origin to the Renaissance in Italy. During that period accounting developed fast and main standardizations and innovations on how to perform accounting were introduced. Accounting became important in numerous spheres of human life, like business, economics and administration. Successful companies hire professional accountants to make sure their budget and financial actions are in the right order. Accounting is referred to as successful business tactic. In case you decided to study accounting and work in this field, some day, you will be assigned to write an accounting thesis. Luckily, there is a wide range of topics for your thesis on accounting. Make sure you are aware of accounting terminology, it mathematical principles and concepts. It is important to define your thesis in accounting and apply correct practices in it.