XACC 280 Week 1 DQ 1

Question:
In your own words, how would you describe financial accounting? Select two users, one internal and one external, who you think benefit the most from accounting. Explain why and how you think they benefit.
Response 1
Accounting is not just all about number crunching. Accounting concepts consist of identifying events that are applicable to the organization, then they record the events that are trending based on historical information, finally they communicate this information with financial reports.
Powered by