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Contains class topics and concepts from Chapters 1-4 of accounting class. Learn with flashcards, games, and more — for free.
Accounting is a service activity designed to accumulate, measure, and communicate financial information about businesses and other organizations. Accounting provides information for making informed decisions about how to best use available resources. Internal reporting for company management.
Accounting Exam 1 Ch. 1-Social Science Economics Finance. Terms in this set (88) Accounting. info system that identifies, records, and communicates the economic events of an organization to interested users. Assets resource a business owns. Auditing
Test your accounting skills with our quizzes. AccountingCoach helps you evaluate your knowledge and provides free online courses for your improvement. Course Outline
To become proficient in accounting, you must understand each term associated with each accounting concept. Every lesson has a specific set of words, which will always be listed here at the end of each lesson.
• Explain why accounting is critical to businesses - Accounting • An information system that measures business activities, processes data into financial statements and reports, and communicates results to decision makers • “the language of business” - The Flow of Accounting Information • 1. People make decisions • 2.
