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Essay text:
This process helps to identify, measure, and communicate economic information about an organization for the main purpose of making decisions and informed judgments. It is with the accounting records they track the way a business has grown after analyzing figures and are able to suggest the way it should be directed in the future. Many companies’ fortunes are gambled on the advice of their accounting departments.
There are different areas of accounting that may be located within any given organization that include: financial accounting, managerial accounting (cost accounting) and auditing (public accounting)...
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