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What is Understanding Accounting Basics and Roles about?

Accounting is the systematic recording and analysis of financial transactions and preparation of financial statements. The main objectives of accounting are to record transactions, prepare financial statements, assess financial position, and aid in decision making. Accounting provides information to oversight agencies, regulators, and for tax collection. Public accountants provide accounting, auditing, and tax services to clients and must abide by ethical standards.

Author

John Rancel Mulinyawe

Language

EN