Financial accounting financial accounting is generally required by regulation or law and is a codified set of accounting standards that all accountants must apply to the financial records of the . Accounting careers typically involve analyzing and utilizing financial information in order to evaluate a business financial position this can involve anything from basic book keeping to managing balance sheets and income statements. The primary function of each specialized accounting program is to provide students with specific job skills and retraining basic transfer courses for business administration majors certificate and aa degree programs and state of the art computerized accounting and finance programs. Finance is an important language of business to overlay on top of accounting for managers to make decisions under uncertainty economics economics is the third distinct language of business it looks externally outside the organization and at the laws of behavior in markets governments regulation and individuals. Accounting and finance play an essential role in the management of any business companies operate on money and if you dont control that money you dont control your business
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