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Essay

Financial and Managerial Accounting: Whats the Difference

Essay specific features

 

Issue:

Business

 

Written by:

Perla W

 

Date added:

October 25, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1671

 

Was viewed:

8057 times

 

Rating of current essay:

 
Essay content:

They hire employees, pay salaries and benefits. All of these "business" activities need to be measured, analyzed, and recorded. Accounting is the set of procedures used to analyze, measure and record said activities. For this reason, accounting is often referred to as the "language of business". Within the accounting realm, there are two main types: financial accounting and managerial accounting...
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Within the accounting realm, there are two main types: financial accounting and managerial accounting. Financial accounting generally abides by the GAAP to record the activities of a business and to report the results of a business's operations. Every transaction that occurs, both big and small, are recorded as an entry in a journal, and each type of activity is given an account in a general ledger (i...
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General issues of this essay:
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