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Essay Details:
Essay text:
Accounting principles determine which
financial events and transactions should be recorded in the
bookkeeper's ledgers, journals, and computer printouts.
The analysis and interpretation of these records is the
primary function of accounting. The various financial
statements produced by accountants then furnish business
and other types of organizations with the basis for their
financial planning and control, and provide other interested
parties (investors, the government) with information they
can use to make decisions about these organizations.
FUNCTIONS OF ACCOUNTING Accounting provides
informational access to a firm's financial condition for three
broad interest groups...
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