Financial Accounting/Ivan-Cavric
Financial accounting is the process of recording,condense and reporting the mass of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the stability sheet, income statement and cash flow statement, that enclose the company's operating performance over a specified period. Financial accounting is the process of recording,condense and reporting the mass of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the stability sheet, income statement and cash flow statement, that enclose the company's operating performance over a specified period.
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