BAF3M Fundementals of Accounting. What is Accounting?. Is a System that. Identifies Records Communicates. Accounting. Relevant Reliable Comparable Consistent. To help users make better decisions.
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Is a System that
To help users make better decisions
This happens in either a Service Business (UPS) or a Merchandising Business (Walmart).
There are 7 steps in the Accounting Cycle.
* The Accounting Cycle Handout*
We are going to start here