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What is the purpose of accounting? - Questions & Answers ...

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Nov 19, 2011 ... The purpose of accounting is to accumulate and report on financial information about the performance, financial position, and cash flows of a ...

Purpose of Accounting - AccountingVerse

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The basic purpose of accounting is to provide information that are useful in decision-making. Learn more about the role of accounting and the types of ...

What Is Accounting? - Purpose, Importance & Relationship to ...

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Just as French is considered the language of love, accounting is considered the language of business. In this lesson, you will learn exactly what...

Financial Accounting - QuickMBA

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The purpose of accounting is to provide the information that is needed for sound economic decision making. The main purpose of financial accounting is to ...

The Role of Accounting in the Business

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In fact, the purpose of accounting is to help stakeholders make better business decisions by providing them with financial information. Obviously, you wouldn't try  ...

Primary Purpose of Generally Accepted Accounting Principles ...

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Primary Purpose of Generally Accepted Accounting Principles. by Mark Kennan, studioD. GAAP ensures that all companies track income and expenses ...

What is the purpose of financial accounting? | Reference.com

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Companies and individuals use financial accounting for the purposes of preparing and presenting financial statements. They use these statements to determine ...

What is the purpose of depreciation? | AccountingCoach

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The purpose of depreciation is to match the cost of a productive asset (that has a useful life of more than a year) to the revenues earned from using the asset.

nature and purpose of accounting - SlideShare

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Aug 13, 2012 ... Chapter 1: Nature and purpose of accounting After studying this topic you should be able to Explain the purpose of accounting in a ...

The basic purpose of an accounting system is to: ? - Bayt.com ...

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The primary purpose of an accounting system is to develop and maintain a well structured financial records in conformity with generally accepted accounting ...

Answers
What Is the Purpose of Accounting?
Keeping track of transactions and recording revenue and expenses are important business processes often assigned to an accounting department or a financial manager. Accounting is a business discipline that allows companies to record, analyze and retrieve... More »
Difficulty: Easy
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