FAC1502: FINANCIAL ACCOUNTING CONCEPTS; PROCEDURES (FAC1502)

Eastern Michigan University

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FAC1502: FINANCIAL ACCOUNTING CONCEPTS; PROCEDURES AND CONCEPTS
  • FAC1502: FINANCIAL ACCOUNTING CONCEPTS; PROCEDURES AND CONCEPTS

  • Exam (elaborations) • 14 pages • 2024
  • FAC1502: FINANCIAL ACCOUNTING CONCEPTS; PROCEDURES AND CONCEPTS ACCOUNTING Planning; Recording; ,PLANNING DECISIONS Financial information is used to determine future actions. ,CONTROL Using financial information to evaluate , THE FUNCTION OF ACCOUNTING 1. The value added to the networth of a person/entity during a particular period.,PROFIT ENTITIES Sole traders;, NON-PROFIT ENTITES Clubs; Charitable Organisations; Churches; ......
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