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Accounting

Accounting is the process of recording, summarizing, and analyzing financial transactions to provide insights for decision-making.

📚 College Notes

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Subject Description

Accounting is the language of business, providing a systematic way to record, analyze, and report financial transactions. It involves tracking income, expenses, assets, and liabilities to create financial statements like balance sheets, income statements, and cash flow statements. Accounting principles and standards ensure accuracy, transparency, and compliance with regulations. Whether it's bookkeeping, auditing, or financial analysis, accounting plays a vital role in managing and evaluating the financial health of organizations.

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Time period:
11:00 - 1:00 pm

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Subjects Includes

Accounting is a fundamental subject in business and finance, focusing on the recording, summarizing, and analysis of financial transactions. Key areas include:

  • Financial accounting principles and standards
  • Bookkeeping, financial statements, and audits
  • Cost accounting, budgeting, and financial analysis