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What subfields or subjects are included under accounting?
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Accounting has several subfields or subject areas, including financial accounting, management accounting, auditing, taxation and accounting information systems.
Why is accounting important for business?
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Accounting is extremely important to any company because the financial information allows executives to make informed business decisions-decisions that help those companies become more successful. Economic events are measured and described by accounting. Everyone works with and uses accounting ideas, whether they're managing a business, investing m
What is Financial Accounting?
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Financial accounting focuses on the reporting of an organization's financial information to external users of the information, such as investors, potential investors and creditors.