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Financial Accountants
Financial Accountants
Financial accountants develop financial reports based primarily upon historic data that can be accessed by internal and external users. Such reports are balance sheets, the income statement, statement of owner’s equity and statement of cash flow. The external users that will want to view these reports are as follows: possible investors, banks and credit unions that may loan money, and the U.S Government for audit purposes. The financial accountant has to follow the Generally Accepted Accounting Principles (GAAP), which is the standard framework of guidelines of financial accounting used in the United States...
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