Lesson 8: Accounting

Lesson 8: Accounting

Accounting is the language of business. Accounting – the recording, measurement, and interpretation of financial information essential in making business decisions. It provides information that feeds into many different areas of a business. Decisions cannot be made without financial information, which is what accountants provide. Accounting is used to communicate financial information internally and externally. Accountants – professionals responsible for ethics (integrity and transparency) in the reporting of financial information.



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