Accounting & Bookkeeping

Accounting & Bookkeeping

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Accounting is the process of recording, classifying, summarizing, analyzing, and interpreting financial information. It involves identifying, measuring, and communicating economic information to enable informed decisions by users of the information. Accounting is used to provide financial statements that show a company's financial position at a given time. This includes income statements, balance sheets, and cash flow statements. Accounting also helps in budgeting and forecasting future performance. Additionally, accounting can be used to analyze trends in business operations and identify areas for improvement in efficiency or profitability.