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As per The American Institute of Certified Public Accountants, accounting has been defined as "the art of recording, classifying, classifying as well as summarizing in a significant manner and in terms of money, events and transactions and events which are of financial character and interpreting the results so obtained thereof".
In simple words, Accounting also referred to the "the language which a business speaks about". It is mainly concerned with the financial management of an organization with the help of the "process of book-keeping". The different areas which you as a student of accounting need to attain mastery over are stated below:-
Having knowledge of accounting is a must to know how to help an organization thrive and do well.
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Disclaimer: The reference papers offered by The Student Helpline act as sample papers for students and are not to be presented as it is. These papers are only meant to be utilized for study and reference.