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What is the importance of accounting

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Reference no: EM131807143

Module - Case Assignment: INTRODUCTION TO FINANCIAL ACCOUNTING

Assignment Overview

Review the three components in the background material to answer three questions about accounting and its purpose:

• What is accounting?
• What is the importance of accounting?
• What are corporate financial statements?

Case Assignment

Required

Create a table with four columns as shown below and complete the last three columns using the expectations listed in Assignment Expectations.

Question

Complete the Statement
(3-5 sentences)

Corporate Perspective
(3-5 sentences)

Investor Perspective
(3-5 sentences)

Accounting refers to:


Accounting is important because:


Corporate Financial statements are:


Submit a completed table as shown above. Do not copy definitions, but explain in your own words and with examples, if appropriate. Write 3-5 sentences in each cell.

Show sources when appropriate and APA format is suggested, but not required.

The objective for this assignment is to understand the accounting process and financial statements.

Reference no: EM131807143

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