News Sources wrote an interesting post today on
Here’s a quick excerpt
Accounting is the art of communicating financial information about a business entity to users such as shareholders and managers. It has also been defined by the AICPA as “The art of recording, classifying, and summarizing in a significant manner and in terms of money, transactions and events which are, in part at least, of financial character, and interpreting the results thereof.”A good deal of financial information is generally in the form of financial statement* that divulge in money terms th
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