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WebFeb 19, 2024 · Why Is Accounting Important? Accounting plays a vital role in running a business because it helps you track income and expenditures, ensure statutory compliance, and provide investors, management, and government with quantitative financial information which can be used in making business decisions. WebMar 8, 2024 · Abstract. The textbook presents the fundamentals of financial accounting from an international perspective, focusing on explaining accounting concepts and … salem press encyclopedia apa citation
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