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Why Financial Accounting Is Important For A Business? |
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Answer» Financial accounting is IMPORTANT because it provides an organization's stakeholders with business statements, ALLOWING them to KNOW if the organization is making or losing money. This information is ESSENTIAL in determining if a company is able to maintain profitability, according to Accounting. Financial accounting is important because it provides an organization's stakeholders with business statements, allowing them to know if the organization is making or losing money. This information is essential in determining if a company is able to maintain profitability, according to Accounting. |
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