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13.3: Introduction to Accounting in Business

  • Page ID
    68178
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    What you’ll learn to do: define accounting, and explain its role as a form of business communication

    In this section, we’ll define accounting, accounting terms such as GAAP or Generally Accepted Accounting Principles and associated regulatory bodies, including the FASB or Financial Accounting Standards Board. We’ll discuss the three primary audiences for accounting information and the form or language each expects information to be presented in. Finally, we’ll discuss how each audience or stakeholder group uses accounting information.

    CC licensed content, Original
    • Introduction to Accounting in Business. Authored by: Linda Williams and Lumen Learning. License: CC BY: Attribution
    • Revision and adaptation. Authored by: Nina Burokas. Provided by: Lumen Learning. License: CC BY: Attribution

    13.3: Introduction to Accounting in Business is shared under a not declared license and was authored, remixed, and/or curated by LibreTexts.

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