Accounting Chapter 1 Lecture 2
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This document discusses accounting as the language of business. It outlines the objectives and advantages of accounting. The key points are: 1. Accounting is the language of business, used to communicate financial information. 2. The objectives of accounting include both primary objectives like compliance and financial reporting as well as secondary objectives to help with decision making. 3. The advantages of accounting include ensuring accurate valuation, proper allocation of costs, verification of financial activities, and communication within the business.
Accounting Chapter 1 Lecture 2
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