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What Is Financial Accounting? |
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Answer» Financial accounting gathers and summarizes financial data to prepare financial reports such as balance sheet and income statement for the ORGANIZATION's MANAGEMENT, investors, LENDERS, SUPPLIERS, tax AUTHORITIES, and other stakeholders. Financial accounting gathers and summarizes financial data to prepare financial reports such as balance sheet and income statement for the organization's management, investors, lenders, suppliers, tax authorities, and other stakeholders. |
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