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Week 1: An Overview of Financial tales and the environs of Financial nominate - Lecture | | Print This Page| An Overview of Financial Statements and the Environments of Financial reporting What Is explanation? | first-string Financial Statements | Classifications in a isotropy Sheet | Income Statement, Statement of Retained Earnings, and Statement of Cash Flows | proportionality Analysis | The Environment of Financial Reporting and GAAP | Self-Assessment | | What Is accountancy?| http://vizedhtmlcontent.next.ecollege.com/(NEXT(a619ee0a55))/ master(prenominal)/CourseMode/VizedHtmlView/R winduperVizedHtmlView.ed?courseItemSubId=186038654&courseItemType=CourseContentItem& - top| Do you use method of history? If you deal with money, thither is a chance that you use accounting in around form. Think about when you write a check and reach an entry in your check show. so at the end of the month, you go through the check register and try to arrest how much money you have spent on dissimilar things. That is accounting in its simplest form! ??In a business, accounting is the process of identifying, recording, classifying, and summarizing transactions, and keying master(prenominal) info about the economic activities of an entity to decision makers. The entity can be a business entity or a not-for-profit entity.

Decision makers let in both inhering users, such as a companys management, and outdoor(a) users that include investors, creditors, current stockholders, suppliers, customers, government agencies, security analysts, and the general public. The information accou nt is primarily the entitys economic activit! ies that can be careful in terms of money. So while companies may not report the number of employees working in the company in their financial statements, they report the total amount of salaries and wages paying(a) to those employees. ? Do not underestimate the power of accounting!| Accounting serves an important purpose in the economy by assisting in the best allocation of...If you want to get a rich essay, invest it on our website: BestEssayCheap.com

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