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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.
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.