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Essay text:
The purpose of this paper is to provide the basic information on accounting and finance to the small businesses owners with no accounting or finance knowledge. By providing and presenting the basic concepts of accounting and finance, these small companies will be able to understand the relationships between accounting and finance as well as to apply these two concepts to their own organizations. The financial managers not should understand the relationships of economics, accounting, and finance in order to manage and control all the financial activities successfully only (Block & Hirt, 2005), but they also need to identify all the non-financial information that can be severely impact the company...
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