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Principles of Financial Accounting
Financial accounting is dictated by five general, overarching principles that guide companies in how to prepare their financial statements. The…
What Is Cash Flow Statement?
A cash flow statement reports how a company used cash during a specific period. It is broken into three sections: Financial accounting…
What Is Financial Accounting?
Financial accounting is a specific branch of accounting involving a process of recording, summarizing, and reporting the myriad of transactions…