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IMPORTANT OF ASSIGNMENT WRITING • Accounting is regarded as the business language that is used by all business companies. It is a means by which business parties transfer their data to different users. • According to AICPA (American Institute of Certified Public Accountants), accounting is a component of recording, classifying, and conclusion during a specific manner, and terms of cash, transactions, and events that are within a part of financial character, and interpret the outcomes of transactions.
PURPOSE OF ACCOUNTING • Accounting is a service activity that functions to offer quantitative information, primarily financial, about economic entities that are intended to be useful in creating economic decisions in giving reasoned options between alternative courses of action. • The process of measuring, identifying, and communicating economic information is to permit informed judgment and decision by the users.
WHAT ARE THE BRANCHES OF ACCOUNTING AND PRACTICE AREAS? • Management accounting • Financial accounting • Cost accounting • Auditing • Tax accounting • Accounting information systems • Fiduciary • Forensic accounting • Students who need assistance, they can take accounting assignment help Sydney service.
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