Accounting or accountancy is the systematic process, measurement, and communication of financial data concerning non-financial entities including corporations and businesses. Financial accounting methods are generally applied in order to obtain information that impacts an entity’s performance and financial profile. In fact, there are different types of accounting methodologies and systems, each with different purposes, designed for a particular purpose, whether it is to provide decision makers with information relevant to the preparation and implementation of internal control measures and business strategies, or to monitor the financial performance of a company.…
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