INTERMEDIAT ACCOUNTING ch 1 - INTERMEDIAT ACCOUNTING...

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Unformatted text preview: INTERMEDIAT ACCOUNTING FINANCIAL STATEMENTS AND FINANCIAL REPORTING VOCABIOLAR IES Financial Statement Reporting Essential Characteristic Accounting Identification Measurement Communication Information Economic Entities Interested VOCABIOLARI ES Parties Process Culminate Preparation Enterprise Investors Creditors Manager Union Government Agency Contrast managerial VOCABIOLARIES Analyzing Plan Control Evaluate Company Operation - - The essential characteristics of accounting are: 1. the identification, measurement, and communication of financial information about 2. Economic entities to 3. Interested parties. : Financial Accounting: Is the process that culminates in the preparation of the financial reports on the enterprise for use by both internal and external parties. Users of these financial reports include investors, creditors, managers, unions, and government agencies. : . : , , , , . Managerial Accounting: is the process of identifying, measuring, analyzing, and communicating financial information needed by management to plan, control, and evaluate a companys operations....
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INTERMEDIAT ACCOUNTING ch 1 - INTERMEDIAT ACCOUNTING...

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