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Essay

The Basics of Finance, Accounting, and Beyond

Essay specific features

 

Issue:

Business

 

Written by:

Jeffrey K

 

Date added:

September 4, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

6 / 1459

 

Was viewed:

7639 times

 

Rating of current essay:

 
Essay content:

Many people believe both these words have an identical definition. Some become frightened at the thought of the terms. The terms are easy to comprehend, once clearly defined, however. Although interrelated, finance and accounting mean different things. As a manager of any organization, one must realize the importance of knowing what the differences are...
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Accounting is "the process of identifying, measuring, and communication economic information about an organization for the purpose of making decisions and informed judgment" (Marshall, 2003). A key product of an accounting system is the set of financial statements. Providing financial data through income statements, balance sheets, and the statement of cash flow is the ultimate product from accounting information...
displayed 300 characters

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