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Why is accounting important and who governs accounting

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Finance Assignment

Answer the following questions in no more than 3-4 paragraphs. APA format, with in-text citations.

Why is accounting important? Who governs accounting? How consistent is accounting among companies in the same industry? Why do we care as a society about accounting rules?

Explain the value of financial ratios and why these are important.

Reference no: EM131618859

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