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Accounting communicates financial information about a business to both internal and external users.
Financial Information
Data pertaining to the financial status and performance of an entity, including income, expenses, assets, and liabilities.
Internal Users
Individuals within an organization who use financial information to make decisions, including management, employees, and internal stakeholder groups.
External Users
Individuals or entities outside a company who utilize its financial information, such as investors and creditors.
- Acquire knowledge about the core concepts and intentions behind accounting.
- Identify the internal and external parties interested in accounting information.
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Learning Objectives
- Acquire knowledge about the core concepts and intentions behind accounting.
- Identify the internal and external parties interested in accounting information.
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