Business Accounting refers to the systematic recording, analyzing, interpreting, and presenting of financial information of a business. It involves the process of summarizing, reporting and analyzing the business transactions to keep track of its expenses and income. It is closely linked with business strategy, as it provides the financial insight necessary for making strategic business decisions. It also falls under the broader umbrella of business administration, which encompasses all the operations and tasks that keep a business running smoothly. Overall, Business Accounting is a crucial aspect of any business, aiding in its financial management and operational efficiency.