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Accounting
Accounting is the art of measuring, communicating and interpreting financial activity.
Financial accounting is one branch of accounting and involves processes by which financial information about a business is recorded, classified, summarized, interpreted, and communicated.
By contrast management accounting information is used within an organization and is usually confidential and accessible only to a small group, mostly decision-makers.
Tax Accounting is the accounting needed to comply with jurisdictional tax regulations.
Accounting attempts to create accurate financial reports that are useful to managers, regulators, and other stakeholders such as shareholders, creditors, or owners.
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