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Knowledge of Accounting

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Discuss how knowledge of accounting is vital to the success of a business. Some specific functions that you might want to include are internal auditing, external auditing, managerial accounting, taxation, knowledge of GAAP, and safeguarding assets.

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The knowledge of accounting is examined.

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Knowledge of accounting is extremely important for successfully and efficiently running a business because good knowledge of accounting helps an owner to correctly assess the financial position of an organization, its profitability and allows him to allocate limited resources in the best possible manner.

Accounting areas such ...

Solution provided by:
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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