Overview of Accounting

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Melissa S


Date added:

October 26, 2014








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4 / 1059


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By providing the small business owner with the basics of finance and accounting, enables the company to understand the relationships between these fields and apply the concepts to their own company. The field of finance is closely related to economics and accounting, and financial managers need to understand the relationships between these fields (block & Hirt, 2005)...
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Economics provides a structure for decision making in such areas as risk analysis, pricing theory through supply and demand relationships, comparative return analysis, and many other important areas. This paper will identify the audiences, purposes, and natures of financial statements and managerial reports and explain the use of financial accounting information in making informed and ethical business decisions...
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