FINANCIAL ACCOUNTING(presentation)

FINANCIAL ACCOUNTING(presentation) - FINANCIALACCOUNTING...

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    FINANCIAL ACCOUNTING FINANCIAL ACCOUNTING Financial accounting provides information about  the financial resources, obligations, and  activities of an enterprise that is intended for use  primarily by external decision makers—investors  and creditors.  The focus is on the information needs of  investors and creditors. These users make critical resources allocation  decisions that effect the nation economy.
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    The financial statements most commonly  presented in the annual report are  1) the  balance sheet;   2) the income statement;  and 3) the statement of cash flows.  Each  statement provides a different perspective  on the operations and financial position of  an entity. 
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    Users of the financial accountant’s  Users of the financial accountant’s  statements statements External users of the financial statements differ from  internal users in that the external user is generally 
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FINANCIAL ACCOUNTING(presentation) - FINANCIALACCOUNTING...

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