The main output of your financial accounting program would be the annual financial statement. The 3 most common elements of a financial statement would be the harmony sheet, the earnings statement, and also the statement of cash flows. In some jurisdictions, summary financial statements can be obtained (or can be needed) on the quarterly basis.At t
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Why this accounting principle issues: It can make confident you could compare monetary reporting across a firm. Say you happen to be comparing two departments, Nevertheless they record exactly the same transactions in other ways. This may help it become complicated for stakeholders to match them.Management accounting focuses on the measurement, Exa