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What is the main purpose of accounting?
What is the main purpose of accounting?
The main purpose of accounting is to measure the results of an organization's economic activities and convey this information to stakeholders.
What are the different fields into which accounting can be divided?
What are the different fields into which accounting can be divided?
Accounting can be divided into several fields including financial accounting, management accounting, tax accounting, and cost accounting.
Who are the external users of the information provided by financial accounting?
Who are the external users of the information provided by financial accounting?
The external users of the information provided by financial accounting include investors, regulators, and suppliers.
What is the focus of management accounting?
What is the focus of management accounting?
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What are practitioners of accounting known as?
What are practitioners of accounting known as?
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