Accounting

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irfvnpf74

Business Finance

Description

  • Discuss the advantages of understanding accounting as it relates to your current or future position. (Consider careers in management, sales, business operations, finance, and business ownership.)

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Explanation & Answer

Attached.

1
Name
Professor
Course
Date
Accounting
Discussion
Works Cited


Surname 1
Name
Professor
Course
Date
Accounting
Accounting is a profession that deals in the processing, manipulation, and presentation of
financial information in a manner that is understood by the recipients, this makes it an invaluable
part of every individuals knowledge base regardless of their current, or future careers. The
importance of this accounting knowledge lies in the fact that every individual handles money, or
securities at some point in their lives, and for most people, it is a daily interaction. For example,
for an accountant, accounting is a profession that earns him/ her a living while for a sole
proprietor, accounting knowledge is helpful in maintaining the records of his/ her business.
Proper record keeping skills are paramount in business organizations, and individual lives alike.
In the case of a doctor, for example, accounting knowledge is important because he/ she earns
money, and requires to keep track of it. From this perspe...


Anonymous
Really helpful material, saved me a great deal of time.

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