Title: Lean Accounting and the Basics of Accounting

Essay Details

Subject: Business
Author: Verla M
Date: September 17, 2015
Level: University
Grade: A
Length: 7 / 1917
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

This process helps to identify, measure, and communicate economic information about an organization for the main purpose of making decisions and informed judgments. It is with the accounting records they track the way a business has grown after analyzing figures and are able to suggest the way it should be directed in the future...

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Many companies’ fortunes are gambled on the advice of their accounting departments. There are different areas of accounting that may be located within any given organization that include: financial accounting, managerial accounting (cost accounting) and auditing (public accounting). The key difference between managerial and financial accounting is that managerial accounting information is aimed at helping managers within the organization make decisions...

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