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Aneel Masih sahotra
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TOPIC
Accounting is the systematic process of recording, analyzing, summarizing, and reporting financial transactions of a business or organization. It helps stakeholders make informed decisions about the financial health and performance of the entity. Here's a brief overview of key aspects of accounting: Branches of Accounting 1. Financial Accounting: Focuses on creating financial statements (e.g., income statement, balance sheet, cash flow statement) for external users such as investors, creditors, and regulators. Governed by standards like GAAP or IFRS.
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