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About Lecture Notes Financial Decision Making-1
The document provides an introduction to accounting concepts including definitions of bookkeeping, accounting, financial accounting, and management accounting. It discusses the differences between financial and management accounting and the purposes of accounting. It also describes different types of business entities, the key financial statements (balance sheet, income statement, cash flow statement), users of accounting information, and qualitative characteristics and limitations of financial statements. Key terms like gross profit, net profit, assets, liabilities, equity, revenues and expenses are introduced.
Detailed Information
Author: | ['Pomri Ellis'] |
---|---|
Publication Year: | 2013 |
Pages: | 95 |
Language: | English |
Format: | |
Price: | FREE |
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