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Relevance of accounting in the business environment

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Think about some of the topics that were covered in Intermediate Accounting, such as depreciation and amortization, inventory accounting, and elements of financial statements. Discuss the relevance of these various items as they apply to the business environment.

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Solution Summary

This solution explains the relevance of various accounting items as they apply to the business environment.

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There are a few main points that you should consider from this question. The topics that are generally discussed in Intermediate Accounting classes apply to the general business environment regardless of the actual position within that environment. All employees are affected by the company's financial statements, and all employees should also learn how to read, analyze, and interpret the information presented because it is a strong ...

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