Researching Basic Accounting

Researching Basic - Researching Basic Accounting Running head RESEARCHING BASIC ACCOUNTING STANDARDS 1 Researching Basic Accounting Standards and

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Researching Basic Accounting 1 Running head: RESEARCHING BASIC ACCOUNTING STANDARDS Researching Basic Accounting Standards and Principles
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Researching Basic Accounting 2 Abstract This paper presents information on the objective of basic accounting. It provides information on accounting in the business world and in our personal lives. This paper offers the history behind accounting who founded it, and when it was founded. Why basic accounting standards are important. It provides information on the organizations that support and implement the standards and principles and any changes that need addressing. This paper supplies where to find this information and resources for researching the basic accounting standards and principles for potential accounting students or possibly someone who wants to start his or her own business.
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Researching Basic Accounting 3 Researching Basic Accounting Standards and Principles Even though undefined, researching about basic accounting standards and principles is fairly boring; I will try to make this as interesting as possible. Every business, enterprise, store, and in our daily lives uses accounting. Without accounting the business world and society would have a hard time existing if at all. I hope to provide as much information as possible to potential students or business owners as to where and how to research basic accounting standards and practices. I will discuss where I found these resources for research and give a little insight on basic accounting standards and principles. History and Objective of Basic Accounting Objective Accounting is instrumental in the business world and in our daily lives, without it there would be chaos. In order to run a business, the owners need to know what costs, prices, sales volume, profits and returns on investments the business has. This gives us the information to decide if the business is doing well or if adjustments need to be made to make the business or enterprise successful. Basic accounting is used in everyday living. The need to know what income is brought home, what expenses and possible investments there maybe. Ensuring every month enough money is brought in to pay the bills, to buy the basic necessities, and other normal expenses that maybe incurred. These are just a few things we use basic accounting for in society. History
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This note was uploaded on 06/07/2010 for the course GEN GEN 200 taught by Professor Davis during the Spring '10 term at University of Phoenix.

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Researching Basic - Researching Basic Accounting Running head RESEARCHING BASIC ACCOUNTING STANDARDS 1 Researching Basic Accounting Standards and

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