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It also refers to the analyzing, summing up, describing and reporting of the financial transactions. Finance managers are responsible to create financial statement of any company or business.
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Branches of Accounting In accounting, there are several branches which are used for numerous purposes. Balance Sheet The balance sheet contains fixed and current assets, long-term and short-term liabilities, and shareholders' equity of the company Income Statement The income statement contains recognized expenses, revenue, and results achieved in a given reporting period Cash Flow Statement Compiled with the aim to provide users of the financial statements with information about the sources of cash and how they are used, there are three different activities: Accounts is a subject that has always been counted among the hard, tricky and complicated subject.
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As the study and your practice during the course continue, you are becoming a master of the calculator, balance sheets and various financial statements. The responsibility of the auditors is to inspect business procedures and verify the financial accounts. Do not fool yourself!
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Currency Please chose the time range in which you need your assignment. Management Accounting Management accounting is one of the branches of accounting. Financial accounting meets the need for information by the primarily external users of accounting information owners, regulators, tax authorities, chambers, statistics, banks etc.
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