What sort of transactions would encounter in that field

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Financial Accounting is governed by several accounting standards such as the Generally Accepted Accounting Principles (GAAP) and used to generate the financial statements. Consumers of financial accounting mainly include investors.

Problem 1: In your initial thread, introduce yourself to the class by sharing a little information about you and your career aspirations. Then describe how financial accounting relates to your current or future profession and how you would use it. What sort of transactions would you encounter in that field? What are the impacts of those transactions on the business? List and describe several examples.

Problem 2: In your response to your peers, suggest ways they might use financial accounting. Specifically, comment on how important financial accounting is within that field or profession.

Reference no: EM132904671

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