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Essay / Research Paper Abstract
This 5 page paper provides data on general principles of accounting. It includes an overview of the profession, why financial data is vital to a
company and emphasizes the importance of the integrity of the data. Bibliography lists 6 sources.
Page Count:
5 pages (~225 words per page)
File: RT13_SA009Acc.rtf
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Unformatted sample text from the term paper:
A Source Principles in Accounting By Anastasia, for - March, 2000 -- for more information
on using this paper properly! There are many occupations which attract people who are creative or helpful or are engaged in pursuits other than those which involve
spread sheets and calculators. Yet, all of the people engaged in these "other" types of work would be foolish to totally ignore financial considerations or tax consequences. Everyone should be
cognizant of accounting practices as there are situations where non-financial managers will need to understand the basic principles of accounting. The basic principles are simple to understand, but within the
profession, things can get complex. Accountants, auditors, and bookkeepers are usually employed by clients in both the public and private sector in order to prepare, examine, and verify
financial accounts and records ("Services," 1997). These professionals also provide tax return preparation services as well as the organization and maintenance of financial records (1997). They monitor finances and
often plan, move a clients money, and are considered essential to the daily operation of their clients businesses (1997). The larger the business, or more complicated a personal clients finances
are, the more an expert can be of service. Todays accountants have broadened their horizons and are sometimes thought of as economic forecasters ("Services," 1997). In todays business
climate, professional accounting help is a necessity. Some of this thinking was likely sprung from the savings and loan debacles of the late 1980s; since that time, there have been
feelings of fear throughout corporate America as the threat of professional audits had grown (1997). Financial statements are important in assessing a companys position. Financial information, as related
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