ACCT205_Accounting Basics_unit 1 IP

ACCT205_Accounting Basics_unit 1 IP - Accounting Accounting...

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Accounting Accounting Basics ACCT 205 Unit 1 IP Cheri Bolin Abstract Accounting plays an extremely important role within the financial aspect of daily life. As an accountant, it is imperative that I know all the ends and outs of the system and its processes. As a speaker at the high school career fair this today, I will inform the students about the most
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Accounting important tools of accounting so that they can be successful in their lives as well as give them information on becoming an accountant. Accounting Basics The primary objectives of accounting are to provide individuals with information that facilitate their decision-making. Internal and external individual of the company make the decisions. An individual may be internal decision-makers may include business owners and management. External decision-makers may be government entities. Top priority of management is to increase stockholder wealth with the assistance of accounting information. Accounting includes various measurements such as costs, prices, available, volume, profits and return on investment.
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Accounting Accounting information should be a means for measuring and communicating economic events. Financial accounting described as financial resources, obligations, and activities of an economic entity, individual or organization. Accounting systems offers methods of checking and balancing
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ACCT205_Accounting Basics_unit 1 IP - Accounting Accounting...

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